Faiz Azmi is new SC executive chairman

The Securities Commission Malaysia (SC) has appointed Mohammad Faiz Azmi Mohammad Azmi as its new executive chairman for three years from June 16, 2024 to June 15, 2027.

The Finance Ministry said in a statement that Faiz will replace Awang Adek Hussin who will retire on June 15.

“This appointment is in line with Section 4(2) of the Securities Commission Act 1993 [Act 498],” it said.

According to the ministry, Faiz (above) has extensive expertise and experience in finance, capital markets, audit and financial management.

“Having graduated with a Bachelor of Arts (Law) from Durham University and being a member of several professional bodies such as the Institute of Chartered Accountants in England and Wales, Faiz has experience as executive chairman of PWC Malaysia and chairman of the Malaysian Accounting Standards Board.

“He has been a member of the SC board since Aug 15, 2023. Armed with his experience, he would be able to make excellent contributions to ensure that SC achieves its goal of becoming a high-performing organisation,” said the ministry.

Finance Minister II Amir Hamzah Azizan said the ministry is grateful to Awang Adek for his service at the SC and believed his expertise and experience would continue to benefit the country’s financial market.

Under the leadership of Awang Adek, the SC has revamped two major capital market laws that are currently awaiting government approval and introduced the Social Exchange, a fundraising platform dedicated to projects with positive social outcomes through the mobilisation of private funds and philanthropists in meeting the needs of the less fortunate.

- Bernama

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