Malaysian Rating Corporation Berhad (MARC) has announced key leadership appointments across its group of companies, effective 1 August 2025, as part of its continued efforts to enhance leadership continuity and strategic alignment.

Arshad Mohamed Ismail, Group Chief Executive Officer of MARC, has been appointed Chief Executive Officer of MARC Ratings Berhad, the Group’s credit rating subsidiary. This appointment follows the departure of Rajan Paramesran, who completed his service as Chief Executive Officer of MARC Ratings on 31 July 2025 after an exemplary 17-year tenure.

“We extend our sincere thanks to Rajan for his outstanding service and unwavering dedication to MARC Ratings over the years,” said Arshad. “He has played an instrumental role in shaping the company’s analytical excellence and market standing. As we look ahead, I am excited to work even more closely with our leadership team to build on this strong foundation. Together, we are committed to strengthening our core capabilities and delivering consistent value to the capital market.”

To further strengthen the ratings function, Deputy Chief Rating Officer Taufiq Kamal has been appointed as a member of the Rating Committee, effective 1 August 2025. In his expanded role, he will support Chief Rating Officer Hafiza Abdul Rashid in driving enhancements to analytical processes, governance, and operational efficiency, reinforcing MARC Ratings’ commitment to quality, transparency, and market relevance.

These appointments underscore MARC’s focus on strengthening leadership within the Group and ensuring continued delivery of high-quality ratings and research.