SC announces organisation review, senior management appointments

By FARA AISYAH/ pic by BLOOMBERG

THE Securities Commission Malaysia (SC) has announced a reorganisation and appointments of several senior managers as the body seeks to better position itself to catalyse changes in the capital market ecosystem and meet evolving stakeholder needs.

SC deputy CEO Datuk Zainal Izlan Zainal Abidin will now have direct oversight over supervision and surveillance functions, as well as the enlarged corporate resources business group.

In a release yesterday, the SC stated the group will now include the technology department, as well as the people and organisation development department.

Nadiah Abdullah (right) has been appointed as the SC’s new ED of corporate resources effective Aug 5, 2019.

She has over 27 years of experience in management consulting, corporate transformation, leadership and talent management, as well as business integration and technology at Accenture plc, Sime Darby Bhd, Ernst & Young and AirAsia Group Bhd.

Nadiah takes over from Tengku Zarina Tengku Chik, who will move to a new role as the CEO of Securities Industry Development Corp (SIDC) effective Sept 1, 2019.

The current SIDC CEO, Sharifatul Hanizah Said Ali, will join the SC as ED to head the Islamic capital market development business group effective Aug 10, 2019.

Sharifatul Hanizah, a financial services industry professional with more than three decades of experience, will be tasked to identify new areas of growth for the Islamic capital market towards future-ready global positioning.

“In line with the SC’s vision of promoting innovation to drive competitive advantage within the capital market, the development and Islamic markets business group will be separated to facilitate a more pronounced focus on the longer term development of the broader capital market and Islamic capital market,” the SC noted.

Meanwhile, Salmah Bee Mohd Mydin has been promoted to the role of ED of the market development business group effective Aug 1, 2019.

She has served the SC for 25 years in various roles including enforcement, supervision and licensing.

The SC said the market development business group will steer its overall corporate planning and strategy and develop holistic policies that will drive the future growth and competitiveness of the capital market.

The group will also welcome Dr Wong Huei Ching, who has been promoted to the position of corporate planning and strategy department director.

“To foster greater financial innovation through the use of technology, the restructured digital strategy and innovation business group will consolidate the SC’s efforts in promoting innovative market-based financing models and monitoring the evolving cyber risk landscape,” the capital market regulator stated.