Nor Shamsiah confirmed as Bank Negara governor

KUALA LUMPUR: Datuk Nor Shamsiah Mohd Yunus (pic) has been confirmed as the new governor of Bank Negara Malaysia.

The former central bank official who investigated the scandal-plagued state fund 1Malaysia Development Berhad (1MDB) was deputy governor at Bank Negara for six years until she left in November 2016.

She will replace Tan Sri Muhammad Ibrahim, who resigned from the top job earlier this month after questions were raised about the central bank’s role in a deal linked to 1MDB.

Muhammad was less than halfway through his five-year term when he left.

A spokesman for Prime Minister Tun Dr Mahathir Mohamad confirmed the appointment after it was approved by the Yang di-Pertuan Agong.

Nor Shamsiah led the investigation into the trail of money that flowed out of 1Malaysia Development Bhd (1MDB). She left Bank Negara in November 2016 amidst a clampdown by the previous government on people who had probed 1MDB.