The Prime Minister’s Office today announced the appointment of Syed Zaid Albar as the executive chairperson of the Securities Commission effective Oct 15, 2018.

According to the statement issued by the PMO, Syed Zaid’s expertise encompasses various sectors such as corporate law, capital market, sukuk and Islamic and conventional banking.

With more than 38 years of experience in legal practice, Syed Zaid was previously a member of the compensation fund inquiry panel and member of the appeals committee in Bursa Malaysia Bhd.

He was also a member of the Islamic Banking Law Review committee in Bank Negara Malaysia, read the PMO statement.

Syed Zaid graduated with a Bachelor's degree in law in the United Kingdom and was admitted as an Utter Barrister of the Honourable Society of Lincoln’s Inn, London in 1979.

A year later, he became an advocate and solicitor of the High Court of Malaya.

Besides that, Syed Zaid also served in Skrine & Co and formed his own law firm, Albar & Partners.

He replaces outgoing chairperson Ranjit Ajit Singh, who will go into retirement after serving the commission for 25 years.

“The Securities Commission and its board of commissioners would like to thank Ranjit for his contributions towards the development of the Malaysian capital market and for his leadership,” the commission said in a statement.

- Bernama