Ismail bin Mahbob was appointed as a Director of EXIM Bank in August 2012. Presently, he sits on the Board of Saudi Reinsurance Company (Saudi Arabia) and Bank of Tokyo-Mitsubishi UFJ (M) Bhd. Ismail has vast experience in the insurance industry both in Malaysia and overseas covering the main sectors of broking, retail insurance, reinsurance and retakaful. His career in insurance started in 1977 as a broker with Magnet Insurance Brokers, Kota Kinabalu.
In 1979 he joined Progressive Insurance Sdn. Bhd. where he served in various managerial positions until 1988, after which he moved to American Malaysian Insurance as an Assistant General Manager overseeing the company’s branch operations nationwide. In 1990, Ismail left for Malene CSB Insurance Brokers as a Senior Broker where he headed the non-energy section for six years.
In 1997, he moved to Labuan Reinsurance (L) Ltd. and served as a Senior Vice President. At Labuan Reinsurance, Ismail was entrusted with developing new markets covering countries in Africa, the MENA region (Middle East & North Africa) including Turkey, the Indian Sub-Continent and some countries of South-East Asia. He also headed its retakaful operation and oversaw the Company’s business participation at Lloyd’s of London. In 2007 Ismail joined the first Malaysian retakaful company, MNRB Retakaful Bhd. as its President/Chief Executive Officer until his retirement in mid 2012.
Utilising his knowledge and experience, Ismail has also contributed towards the production of a book on takaful and mutual insurance produced by the World Bank.
Ismail holds a Diploma in Marketing from Chartered Institute of Marketing, United Kingdom, and is a member of the Associate Chartered Islamic Finance Professionals (ACIFP), Malaysia. He is also an Adjunct Fellow of College of Business, University Utara Malaysia, Malaysia.