Govt names new SC, PR1MA chiefs

By TMR

Lawyer Datuk Syed Zaid Albar has been appointed executive chairman of the Securities Commission Malaysia to replace the current chairman, Tan Sri Ranjit Ajit Singh, who will be stepping down this month after six years as chairman and 25 years with the regulator.

Syed Zaid, who has almost four decades of experience in legislation, will assume the position on Oct 15, a statement from the Prime Minister’s Office (PMO) yesterday noted.

The PMO also appointed Metro Kajang Bhd MD Tan Sri Eddy Chen as the new chairman of Perbadanan PR1MA Malaysia, effective today. The former Real Estate and Housing Developers’ Association Malaysia (Rehda) chairman replaces Tan Sri Dr Alies Anor Abdul, who resigned on June 1.

These appointments follow a slew of appointments at several government-linked companies and institutions by the new Pakatan Harapan administration since June.

Syed Zaid brings his expertise in the fields of corporate law, capital markets and Islamic and conventional banking and finance to the capital markets regulator. “He previously served in Skrine & Co and has established his own law firm — Albar & Partners,” the PMO said.

Metro Kajang’s Chen was Rehda president for the 1998-2002 term. He will be assisted by three new PR1MA board members, namely Datuk Faris Yahaya, Mohd Ali Abdul Karim and Ahmad Shahrul Mohamed, whose appointments are also effective today.

PR1MA was established under the PR1MA Act 2012 to plan, develop, construct and maintain high-quality housing with lifestyle concepts for middle-income households in key urban centres. — TMR