Labuan FSA welcomes new appointments, tenure extensions

LABUAN: The Labuan Financial Services Authority (Labuan FSA) has announced the appointment of two new members to its authority, along with the extension of the tenure of four existing members.

In a statement on Tuesday, Labuan FSA said the Minister of Finance has appointed Datuk Hisham Rusli and Salmah Bee Mohd Mydin as new authority members for a two-year term, effective from Jan 15, 2024, to Jan 14, 2026.

Additionally, Datuk Nor Azimah Abdul Aziz, Steven Choy Khai Choon, Dr Aida Othman, and Encik Aznan Abdul Aziz have been reappointed for a further two-year term.

Datuk Hisham Rusli, currently the deputy chief executive officer (Management) of the Inland Revenue Board (IRB), brings a wealth of experience overseeing various functions, including administration and management, human resources management, finance, procurement, logistic management, staffing and organisational restructuring, risk and integrity management, and training monitoring.

His responsibilities also extend to monitoring state operations and leading the implementation of HASiL e-invoicing.

Salmah Bee, the executive director of Market Development at the Securities Commission

Malaysia (SC), has been appointed to contribute her expertise in sustainability, corporate governance, investment product development, securities, and derivatives development functions.

Leading a team focused on formulating initiatives to enhance capital market efficiency, vibrancy, and competitiveness, Salmah holds positions on the boards of the Audit Oversight Board, Finance Accreditation Agency, Malaysian Venture Capital and Private Equity Development Council, and Penjana Kapital Sdn Bhd, a MoF Inc. company.

Labuan FSA chairman Datuk Wan Mohd Fadzmi Che Wan Othman Fadzilah welcomes the new authority members, expressing confidence that their diverse expertise would complement the existing members and bring fresh perspectives to drive Labuan International Business and Financial Centre’s Five-Year Strategic Roadmap.

Labuan FSA’s outgoing members are Dr Wong Huei Ching and Datuk Abu Tariq Jamaluddin.

Wan Mohd Fadzmi said their dedication and service have played a crucial role in the authority’s ongoing success and commitment to excellence. — Bernama