Ahmad Hizzad returns to BNM, new D-G appointed at Labuan FSA

Datuk Ahmad Hizzad Baharuddin, Bank Negara Malaysia Assistant Governor

KUALA LUMPUR: Datuk Ahmad Hizzad Baharuddin will resume his duties at Bank Negara Malaysia following the end of his six-year secondment to the Labuan Financial Services Authority (Labuan FSA) as the Director-General.

Effective Oct 3, Ahmad Hizzad will be the Assistant Governor responsible for the Investment Operations and Financial Markets, Foreign Exchange Administration, Legal and Currency Management and Operations departments. He will also co-chair the Financial Markets Committee with Assistant Governor Puan Norzila Abdul Aziz.

Prior to his secondment to Labuan FSA, Ahmad Hizzad served as the Director of several departments in Bank Negara Malaysia including Payment Systems Policy, Financial Sector Development and Islamic Banking and Takaful.

Meanwhile, Danial Mah bin Abdullah has been appointed as the new Director-General of Labuan FSA. 

Danial Mah is currently the Deputy Director-General of Labuan FSA, a position he has held since 2007. He is also the Chairman of the Credit Risk, Investment and Risk Management Committee, Asset Management Committee and Talent Management Committee of Labuan FSA. He is also the Secretary to the Authority of Labuan FSA. He joined Labuan FSA in 1997 and has held various positions in the organisation. 

Danial Mah is a member of the Executive Committee of the International Islamic Financial Market (IIFM), member of the Financial Stability Committee, alternate Board member of the IIFM, and a Board member of the Labuan IBFC Incorporated Sdn Bhd, Labuan FSA Incorporated Sdn Bhd and Pristine Era Sdn Bhd. He also served as the interim Chief Executive Officer of the Labuan IBFC Incorporated Sdn Bhd since 2015.