MALAYSIA - PROMOTIONS - Ranjit is new SC chairman, Nik Ramlah his deputy

www.thesundaily.com - KUALA LUMPUR (March 9, 2012): Securities Commission managing director Datuk Ranjit Ajit Singh has been appointed the SC chairman effective April 1, succeeding Tan Sri Zarinah Anwar, who will retire upon completion of her term on March 31 after holding the post since 2006.

Another SC managing director Datuk Dr Nik Ramlah Mahmood has also been appointed its deputy chief executive with effect from April 1. (source)



In a press release this evening, SC said Prime Minister Datuk Seri Najib Razak has appointed Ranjit and Nik Ramlah as chairman and deputy chief executive of the commission.

Ranjit is an experienced regulator with over 20 years' experience in finance and securities regulation. A financial economist and accountant, he served the SC since 1994 in several areas including the supervision of market strategy and risk management, financial policy and economics.

He is the chairman of the International Organisation of Securities Commissions' group on secondary markets, has chaired an expert group on capital markets for a Financial Stability Board task force and has served as a member of the IMF's expert group on governance of public sector agencies.

Nik Ramlah is trained in law and has served the SC for over 18 years covering legal and regulatory reform, product and market development, corporate governance, Islamic capital market, investor education and enforcement. She also sits on the board of Securities Industries Development Corporation, the training and education arm of the SC.

She is a core member of the OECD Asian Roundtable on Corporate Governance and is a member of the Technical Committee of the Islamic Financial Services Board (IFSB).

The release said Zarinah has played a key role in strengthening and developing the Malaysian capital market over the past 10 years, establishing a robust regulatory and governance framework which has contributed to the growth of the market, and investing resources in building regulatory capacity.

Source:   http://www.thesundaily.my/news/317612 - March 9, 2012