Mohammad Faiz Azmi is SC executive chairman

New SC executive chairman Datuk Mohammad Faiz Azmi.

KUALA LUMPUR: The Securities Commission (SC) has appointed Datuk Mohammad Faiz Azmi as the new executive chairman for a period of three years effective from June 16, 2024 to June 15, 2027.

The Finance Ministry (MoF) said in a statement that Mohammad Faiz will replace Datuk Seri Dr Awang Adek Hussin who will retire with effect from June 15, 2024.

“This appointment is in line with Section 4(2) of the Securities Commission Act 1993 (Act 498),” it said.

According to the MoF, Mohammad Faiz has extensive expertise and experience in finance, capital markets, audit and financial management.

“Having graduated with a Bachelor of Arts (Law) from Durham University and a member of several professional bodies such as the Institute of Chartered Accountants in England and Wales, Mohammad Faiz has experience as executive chairman of PwC Malaysia and chairman of the Malaysian Accounting Standards Board or MASB.

“He has been a member of the SC board since Aug 15, 2023. Armed with his experience, he will be able to make excellent contributions to ensure that the SC achieves its goal of becoming a high-performing organisation,” said the MoF.

Finance Minister II Datuk Seri Amir Hamzah Azizan said the MoF is grateful to Awang Adek for his service at the SC and believed his expertise and experience would continue to benefit the country’s financial market.

Under the leadership of Awang Adek, the SC has revamped two major capital market laws that are currently awaiting government approval, and introduced the Social Exchange, a fundraising platform dedicated to projects with positive social outcomes through mobilisation of private funds and philanthropists in meeting the needs of the less fortunate. — Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Oil settles at one-month low on Gaza ceasefire hopes
BAM: Branding is key to standing out
Five decades of innovation and inspired creations
How the collection of taxes can help the needy
Blackstone’s Gray expects ‘new cycle’ for real estate market
Sik Cheong to expand vegetable oils business post-IPO
Improving social welfare
Mall operators remain cautious
Public-private pact the right way to go
Builders on track for continuing, solid growth with project flows

Others Also Read