The MARC Group of Companies comprises MARC Ratings, MARC Solutions, MARC Data and MARC Learning.
MARC's subsidiaries each provide distinct product offerings and services.
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Arshad Mohamed Ismail is the GCEO of MARC. He has vast experience in banking and finance, especially in the areas of corporate banking, debt capital markets, Islamic finance, asset management, and development finance. Prior to MARC, Arshad was President and CEO of Export-Import Bank of Malaysia Berhad (EXIM Bank), and before that, President and GCEO […]
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Mohammad Farish Mohd Noor has served as MARC’s CFO since 2022, bringing over 29 years of experience in corporate finance, strategic planning, and financial operations across Malaysia and Australia. He plays a key role in shaping the Group’s financial strategy, ensuring sound fiscal governance and long-term sustainability. Throughout his career, Farish has led initiatives focused
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Vikraman Kalia Purumal, CFA, is the Chief Executive Officer of MARC Data Sdn Bhd. In his role, he oversees the strategic direction and operations of MARC Data, a credit reporting agency focused on data analytics and innovation in credit intelligence. Vikraman brings over 18 years of financial services experience, encompassing investment management, strategic advisory, and
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Hafiza Abdul Rashid is the Chief Rating Officer of MARC Ratings Berhad and was appointed to the Rating Committee on 1 April 2025. She oversees the agency’s rating operations and analytical functions. Prior to her current role, she served as Rating Portfolio Head for Infrastructure and Telecommunications, where she led credit assessments across key infrastructure-related
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Dr Ray Choy is the Chief Economist at MARC Ratings Berhad, where he leads the research team covering macroeconomics and financial markets. With experience in global financial markets since 2002, Dr Ray’s expertise spans economic research, foreign exchange, commodities, equity and fixed income investments, and credit risk ratings. Prior to joining MARC, he had led