KUALA LUMPUR: Credit Guarantee Corporation Malaysia Bhd (CGC) has appointed Madelena Mohamed as a non-independent non-executive director, effective May 1, 2026.
In a statement today, CGC said that Madelena also serves as a non-executive director of CGC Digital Sdn Bhd, a CGC subsidiary, and a board member of the Co-operative Societies Commission of Malaysia (SKM).
In welcoming the new director, CGC chairman Datuk Mohammed Hussein said Madelena’s appointment strengthens the board with her extensive institutional knowledge, policy expertise, and leadership in sustainability and strategic governance.
"Her experience will be invaluable as CGC continues to enhance its role in supporting micro, small, and medium enterprises (MSMEs), while remaining aligned with national development priorities and long-term financial stability objectives,” he said.
Madelena currently serves as an assistant governor of Bank Negara Malaysia (BNM), overseeing the strategy and sustainability sector, encompassing the governor’s office, legal, strategic communications, and sustainability functions.
She brings over 30 years of experience across a broad range of financial sector development and financial stability assessment, covering strategic, micro-prudential and macro-financial policy formulation, as well as crisis management policies for Malaysia’s financial system.
She holds a degree in economics, majoring in accounting and finance from the London School of Economics and Political Science. She is also a chartered financial analyst (CFA) charterholder.
According to CGC, Madelena’s appointment follows the resignation of BNM assistant governor Suhaimi Ali, who concluded his tenure as a non-independent non-executive director of CGC and non-executive director of CGC Digital on April 30, 2026. He joined the CGC board on April 28, 2022.
"CGC extends its sincere appreciation to Suhaimi for his contributions and dedicated service during his tenure on the board, where he brought in 28 years of central banking experience and insights that supported CGC’s strategic priorities,” CGC said. - Bernama
