by ASILA JALIL/ pic by MUHD AMIN NAHARUL & binapuri.com.my
TAN Sri Abdul Wahid Omar will take over as non-executive chairman of Bursa Malaysia Bhd effective May 1, 2020, following the retirement of Datuk Shireen Ann Zaharah Muhiudeen as public interest director and non-executive chairman of the local bourse on April 30, 2020.
The appointment was made by the Minister of Finance under Section 10(1)(a) of the Capital Markets and Services Act 2007, Bursa Malaysia said in a statement last Friday.
“I am truly honoured to be appointed as Bursa Malaysia chairman. Having had the privilege of serving as its independent director for seven years (2004-2011) including during its IPO in 2005, Bursa Malaysia is indeed very close to my heart,” Abdul Wahid said.
Shireen, who was appointed to the post in March last year, said the bourse will continue to flourish as a “dynamic and competitive” exchange globally under his leadership.
Abdul Wahid, who is currently Universiti Kebangsaan Malaysia chairman since November 2018, has extensive corporate experience leading major organisations in infrastructure, development, telecommunications, financial services and investment management.
He served as group chairman of the country’s largest fund management company, Permodalan Nasional Bhd from August 2016 to June 2018, after completing his term as a senator and minister in the Prime Minister’s Department, in charge of Economic Planning from June 2013 to June 2016.
Prior to his Cabinet appointment, Abdul Wahid was president and CEO of Malayan Banking Bhd from May 2008 and chairman of The Association of Banks in Malaysia from May 2009 to June 2013.
He was also group CEO of Telekom Malaysia Bhd (TM) from July 2004 until its demerger with Axiata Group Bhd in April 2008.
Before taking on a role with TM, Abdul Wahid was the MD and CEO for UEM Group Bhd from October 2001 until June 2004.
He is a member of the Association of Chartered Certified Accountants, the Institute of Chartered Accountants in England & Wales and the Malaysian Institute of Accountants.
Meanwhile, Datin Mariam Prudence Yusof who will be retiring as a public interest director and independent non-executive director of Bursa Malaysia on April 30, will be succeeded by Datuk Anad Krishnan Muthusamy, effective April 23.
Anad is currently the managing partner of Anad & Noraini, and has experience in corporate conveyance, corporate banking laws and corporate litigation, the local bourse said.