PIDM appoints Rafiz Azuan as new CEO

Rafiz Azuan Abdullah will be PIDM's new CEO from Aug 28, 2017.

KUALA LUMPUR: Perbadanan Insurans Deposit Malaysia (PIDM) has appointed Rafiz Azuan Abdullah as its CEO with effect from Aug 28, 2017.

Rafiz has served PIDM or Malaysia Deposit Insurance Corporation since 2007 and is currently the executive general manager. 

Prior to this role, he held the position of general manager, insurance, risk assessment and monitoring division. 

Under his leadership, PIDM developed and implemented its risk assessment system and the differential levy systems for insurer members.

Rafiz will succeed Jean Pierre Sabourin, the founding CEO who retires on 27 August 2017 after 12 years of exemplary service. 

PIDM chairman  Tan Sri Datuk Dr. Abdul Samad Alias said the Minister of Finance, on the recommendation of the board of directors, had appointed Rafiz as CEO.

“His appointment is the culmination of our board-led CEO succession planning process which commenced in 2013. This process provides for a smooth leadership transition which is key in maintaining a strong management team,” Samad said.

PIDM also said on the international front, Rafiz is a member of the executive committee of the International Association of Deposit Insurers (IADI). 

He is also the chairman of IADI’s Islamic deposit insurance group which focuses on the development of core principles for effective Islamic deposit insurance systems.

Prior to joining PIDM, Rafiz spent 10 years with Rating Agency Malaysia (RAM), specialising in ratings of financial institutions, real estate, and plantation and construction companies. 

Rafiz graduated from Lancaster University, United Kingdom in 1995 majoring in Accounting and Finance. He then pursued a professional accounting qualification (Association of Chartered Certified Accountants – ACCA) at Emile Woolf College in London, United Kingdom.