MACAU: Agrobank president/chief executive officer Datuk Wan Mohd Fadzmi Wan Othman was named as the ‘Outstanding CEO of the Year’ by the Association of Development Financing Institution in Asia and the Pacific (ADFIAP) at an award ceremony held in Macau, China on Tuesday.
The ceremony was held in conjunction with ADFIAP’s annual meeting and its 40th year anniversary celebration.
The Outstanding CEO Award honours a leader whose singular talent, leadership, vision and achievement has made a difference to his/her respective organisation.
Without focusing on the size of organisation, the selection was made based on the stature of the leader, the positive impact of his leadership on the institution, and the organisation’s impact on the development of banking institution and the country’s development.
According to the judging committee, they were impressed with the strong leadership shown by Wan Mohd Fadzmi in developing a transformation blueprint for Agrobank to enhance its roles and effectiveness as a DFI (development financial institution) with focus on agriculture.
Since taking over as CEO in 2011, Wan Mohd Fadzmi is the main driving force to transform Agrobank particularly in strengthening the Bank’s foundation and focuses on core businesses and its mandate to build and grow the agriculture sector.
Under his leadership, Wan Mohd Fadzmi embarked on a transformation journey focus on developing a stronger foundation and governance for the Bank through six strategic goals; new growth areas, technology advancement, improve strategic alliances, rejuvenate human capital, focus on micro & SMEs and promote financial inclusion.
During the transformation in 2012 to 2015, he also sets an ambitious target for Agrobank to be a full-fledged Islamic Bank in three years (by 2015), which was considered as ambitious by industry standard.
As a result of the transformation, Agrobank has made significant milestones; among others – revamping processes and procedures for better efficiency, reducing the Non Performing Finance (NPL) to a single digit and developing more innovative products and financing relevant for agriculture community.
Last year, Agrobank recorded remarkable growth of 16.8 per cent with total financing value reaching up to RM8.7 billion for the year 2016. This impressive performance is also one of the best achievements for Agrobank over the years.
Commenting on the awards, Wan Mohd Fadzmi said that he was very honoured to receive the recognition.
“This award is truly recognition for Agrobank and all employees who worked hard to execute the transformation initiatives. Our achievement is a result of strong team work and dedication,” said Wan Mohd Fadzmi.
“I truly believe that the essence of transformation for DFIs like Agrobank must start with heart and empathy. This is important for the team to be more effective and relevant to provide services and products required particularly in supporting the national agenda for growth and development.”