PETALING JAYA: Bursa Malaysia has appointed Tan Sri Abdul Farid Alias as its new chairman, effective May 1, 2025.
Abdul Farid, 57, who has been a member of the Bursa Malaysia board since July 2022, will succeed Tan Sri Abdul Wahid Omar, who is retiring on April 30 after completing his five-year term as chairman.
In a statement, the stock exchange operator said the appointment was made by the finance minister under Sections 10(1)(a) and (3) of the Capital Markets and Services Act 2007.
“The exchange will continue to strengthen and thrive under Abdul Farid, who embodies the same core values that drive Bursa Malaysia’s purpose-focused growth, ensuring a continuation of the exchange’s commitment to creating opportunities and growing value for our stakeholders,” Abdul Wahid said.
Abdul Farid was the group president and chief executive officer of Malayan Banking Bhd
from 2013 to 2022.
