Abdul Wahid appointed Bursa chairman


  • Corporate News
  • Friday, 17 Apr 2020

Tan Sri Abdul Wahid Omar's appointment as Bursa Malaysia's non-executive chairman effective May 1,2020 is by the Minister of Finance under Section 10(1)(a) of the Capital Markets and Services Act 2007.

KUALA LUMPUR: Tan Sri Abdul Wahid Omar has been appointed as the non-executive chairman of Bursa Malaysia Bhd with effect from May 1.

He succeeds Datuk Shireen Ann Zaharah Muhiudeen, who is retiring as chairman and also public interest director on April 30.

“This appointment is by the Minister of Finance under Section 10(1)(a) of the Capital Markets and Services Act 2007, ” the stock exchange said in a statement on Friday.

Abdul Wahid said: “I am truly honoured to be appointed as the chairman of Bursa Malaysia Bhd. Having had the privilege of serving as its independent director for seven years (2004-2011) including during its IPO in 2005, Bursa Malaysia is indeed very close to my heart.

“I would like to take this opportunity to thank the Minister of Finance and Prime Minister for their trust and confidence in me. Thank you too to my predecessor Datuk Shireen for her leadership of the board since March 2019."

Abdul Wahid said he looked forward to working closely with fellow board members, the management team and other stakeholders in guiding Bursa Malaysia as a diverse, innovative and sustainable exchange holding company towards realising its vision to be Asean’s leading, responsible and globally-connected marketplace.

Meanwhile, Shireen said she was confident that under his leadership “I am confident that under his leadership, Bursa Malaysia will continue to flourish as a dynamic and competitive Exchange in the global marketplace”.

Abdul Wahid is currently the chairman of Universiti Kebangsaan Malaysia since November 2018. He has extensive corporate experience leading major organisations in the areas of infrastructure development, telecommunications, financial services and investment management.

He served as group chairman of Permodalan Nasional Bhd (PNB), Malaysia’s largest fund management company, from August 2016 to June 2018 following completion of his term as a senator and Minister in the Prime Minister’s Department in charge of Economic Planning from June 2013 to June 2016.

Prior to his cabinet appointment, Abdul Wahid was the president and CEO of Maybank from May 2008. He also served as the chairman of the Association of Banks in Malaysia from May 2009 to June 2013.

Prior to joining Maybank, he was the group CEO of Telekom Malaysia Bhd (TM) from July 2004 until its demerger with Axiata Group Bhd in April 2008.

He was also formerly the managing director/CEO of UEM Group Bhd from October 2001 to June 2004.

Bursa also announced the retirement of Datin Mariam Prudence Yusof as public interest director and independent no-executive directors on April 30.

Taking over will be Datuk Anad Krishnan Muthusamy as a public interest director and an independent non-executive Director effective April 23.

“Datuk Anad Krishnan is currently the managing partner of Anad & Noraini. He has vast experience in corporate conveyancing, corporate banking laws as well as corporate litigation, ” Bursa said.

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