KUALA LUMPUR: The Labuan Financial Services Authority (Labuan FSA) announced the appointment of Danial Mah Abdullah as its new director-general for a three year term from October 3.
He replaces Datuk Ahmad Hizzad Baharuddin whose term has expired.
Mah, who is currently the deputy director-general, is also the chairman of the credit risk, investment and risk management committee, asset management committee and talent management committee of Labuan FSA.
He is also the secretary to the Authority of Labuan FSA.
Mah is a member of the executive committee of the International Islamic Financial Market (IIFM), member of the Financial Stability Committee, alternate board member of the IIFM, and a board member of the Labuan IBFC Incorporated Sdn Bhd, Labuan FSA Incorporated Sdn Bhd and Pristine Era Sdn Bhd.
He also served as the interim CEO of the Labuan IBFC Incorporated Sdn Bhd since 2015.
A chartered accountant, Mah holds a Bachelor of Accounting from the University of Malaya and a Masters in Business Administration (with Distinction) from Manchester Business School, United Kingdom.
Meanwhile, Bank Negara Malaysia said Ahmad Hizzad will resume his duties at the bank following the end of his six-year secondment to the Labuan FSA.
Effective October 3, he will be the assistant governor responsible for the investment operations and financial markets, foreign exchange administration, legal and currency management and operations departments.
He will also co-chair the Financial Markets Committee with assistant governor Norzila Abdul Aziz.