KUALA LUMPUR: Bank Negara Malaysia (BNM) has appointed former managing director of Danamodal Nasional Bhd, Datuk Muhammad Ibrahim, as deputy governor for a three-year term with effect from Wednesday, June 16, the central bank said in a statement on Tuesday.
He succeeds Datuk Ooi Sang Kuang, who will serve as special adviser for a one-year tenure following the completion of his eight-year term as deputy governor.
BNM also announced the appointment of Jessica Chew Cheng Lian as an assistant governor for the regulation sector with effect from Wednesday.
In a statement, BNM said Muhammad joined the central bank in 1984 and served in the areas of bank regulation and supervision, strategic planning, payment systems, insurance, offshore banking, and treasury and financial markets.
He was managing director of Danamodal, a bank recapitalisation agency set up during the 1997/98 Asian financial crisis, a former commissioner of the Securities Commission and served as a council member of the Malaysian Institute of Accountants (MIA).
Muhammad is currently a trustee of the Tun Ismail Ali Chair Council, a board member of Kumpulan Wang Persaraan (KWAP), a council member of the Malaysian Bankers Institute, an associate fellow of the Institute of Bankers Malaysia and a member of BNM's Monetary Policy Committee. He is also an independent director of Petroliam Nasional Bhd (Petronas).
Ooi, in his role as special adviser, will oversee areas of regional and international financial collaboration, including the development of financial infrastructure to facilitate greater regional and international integration.
Ooi, who joined the central bank in 2002, is concurrently chairman of Cagamas Bhd and Malaysian Electronic Clearing Corporation Sdn Bhd.
Meanwhile, Chew who joined the central bank in 1993, had worked to formulate prudential and strategic policies for the banking and insurance sectors, and was involved in the preparation of the Financial Sector Masterplan and the formulation of financial sector liberalisation strategies as part of the World Trade Organisation and Free Trade negotiations.
BNM said she had also participated in setting up the deposit insurance system in Malaysia and the formulation of human capital development strategies for the financial sector.
Chew is an adviser member of the Malaysian Accounting Standards Board and a member of the Governance and Compliance Subcommittee of the International Association of Insurance Supervisors.
Prior to this, she was the director of prudential financial policy department and will be succeeded by Mohd Zabidi Md Nor, who joined BNM in 1995 and had been involved in the policy formulation in the regulation sector.
He succeeds Datuk Ooi Sang Kuang, who will serve as special adviser for a one-year tenure following the completion of his eight-year term as deputy governor.
BNM also announced the appointment of Jessica Chew Cheng Lian as an assistant governor for the regulation sector with effect from Wednesday.
In a statement, BNM said Muhammad joined the central bank in 1984 and served in the areas of bank regulation and supervision, strategic planning, payment systems, insurance, offshore banking, and treasury and financial markets.
He was managing director of Danamodal, a bank recapitalisation agency set up during the 1997/98 Asian financial crisis, a former commissioner of the Securities Commission and served as a council member of the Malaysian Institute of Accountants (MIA).
Muhammad is currently a trustee of the Tun Ismail Ali Chair Council, a board member of Kumpulan Wang Persaraan (KWAP), a council member of the Malaysian Bankers Institute, an associate fellow of the Institute of Bankers Malaysia and a member of BNM's Monetary Policy Committee. He is also an independent director of Petroliam Nasional Bhd (Petronas).
Ooi, in his role as special adviser, will oversee areas of regional and international financial collaboration, including the development of financial infrastructure to facilitate greater regional and international integration.
Ooi, who joined the central bank in 2002, is concurrently chairman of Cagamas Bhd and Malaysian Electronic Clearing Corporation Sdn Bhd.
Meanwhile, Chew who joined the central bank in 1993, had worked to formulate prudential and strategic policies for the banking and insurance sectors, and was involved in the preparation of the Financial Sector Masterplan and the formulation of financial sector liberalisation strategies as part of the World Trade Organisation and Free Trade negotiations.
BNM said she had also participated in setting up the deposit insurance system in Malaysia and the formulation of human capital development strategies for the financial sector.
Chew is an adviser member of the Malaysian Accounting Standards Board and a member of the Governance and Compliance Subcommittee of the International Association of Insurance Supervisors.
Prior to this, she was the director of prudential financial policy department and will be succeeded by Mohd Zabidi Md Nor, who joined BNM in 1995 and had been involved in the policy formulation in the regulation sector.
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