ABM: Banking industry will thrive under Abdul Rasheed’s leadership at Bank Negara

Datuk Khairussaleh Ramli

KUALA LUMPUR: The Association of Banks in Malaysia (ABM) believes the new Bank Negara governor Datuk Shaik Abdul Rasheed Abdul Ghaffour's impeccable track record, vast knowledge and experience will be key in leading the central bank.

“The banking industry will certainly benefit from his experience as we continue to progress and navigate through the headwinds,” Maybank group president and chief executive officer and ABM chairman Datuk Khairussaleh Ramli said in a statement.

“As a true home-grown talent, throughout his career with the central bank, he has provided expertise to drive the nation’s economy by playing key roles in developing high-impact financial blueprints.

“His extensive understanding on the domestic, regional and global economy is a huge advantage for our country, and we firmly believe that the banking industry will continue to thrive under his leadership. In this regard, we look forward to continue working closely with Abdul Rasheed and the team at Bank Negara,” he added.

ALSO READ: Abdul Rasheed Ghaffour appointed as Bank Negara governor for 5 years effective July 1

Bank Negara announced on Friday that the Yang di-Pertuan Agong has consented to appoint Abdul Rasheed as governor for a five-year term effective July 1, 2023 to June 30, 2028.

He will assume the position from Tan Sri Nor Shamsiah Mohd Yunus, who completes her five-year term on June 30.

ABM also paid tribute to outgoing governor Tan Sri Nor Shamsiah Mohd Yunus for her immeasurable contributions to the nation over the years.

“She has served with the highest integrity by lending her knowledge to the financial industry while championing a people-first initiative in shaping a sustainable Malaysia by promoting monetary and financial stability.

“She has been instrumental in driving the central bank during her tenure and played significant roles in introducing reforms and forward-looking initiatives that has helped the nation accelerate its recovery from the Covid-19 pandemic.

“We are very fortunate to have the opportunity to serve alongside her and sincerely thank Nor Shamsiah for her contributions. We wish her good health and every success in the future,” Khairussaleh said.

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