KUALA LUMPUR: The Minister of Finance has appointed Kemal Rizadi Arbi to the board of Securities Commission Malaysia (SC) to serve a two-year term, effective Jan 15, 2024.
The board is responsible for the SC's overall governance and has oversight of its regulatory and developmental mandates.
"As a seasoned financial and capital market practitioner in the Middle East and Malaysia, Kemal brings to the Board a wealth of experience in wide ranging sectors." "His appointment will immensely contribute to the SC Board in providing guidance and oversight to the regulator in protecting investors, and maintaining an orderly and transparent market," SC chairman," Datuk Seri Dr. Awang Adek Hussin said.
Kemal is a financial services and corporate professional with over three decades of global experience.
The SC in a statement said his in-depth knowledge of policy making, Islamic capital market, financial and investment industries as well as fintech will contribute to the board's functions.
Kemal is currently an advisor with the government of Oman and has been with the Executive President and Vice President's Office at the Capital Market Authority, Sultanate of Oman since 2013.
Prior to that, through various senior positions at the SC, he was instrumental in development of the Malaysian and ASEAN+3 (together with China, Japan and Korea) capital markets (including Islamic capital markets).
Kemal has also served in senior management roles in asset management and investment banks in Malaysia.