Datuk Mohammad Faiz Azmi Appointed Executive Chairman of SC Malaysia

The Ministry of Finance (MOF) has announced the appointment of Datuk Mohammad Faiz Azmi as the new Executive Chairman of the Securities Commission Malaysia (SC), effective from June 16, 2024, to June 15, 2027. Mohammad Faiz Azmi will succeed Datuk Seri Dr. Awang Adek Hussin, whose tenure will conclude on June 15, 2024.

Mohammad Faiz Azmi’s Extensive Expertise

Mohammad Faiz Azmi brings a wealth of expertise in finance, capital markets, auditing, and financial management to his new role. He holds a Bachelor of Arts (Hons) in Law from Durham University and is registered as a Barrister with the Bar of England & Wales by the Honourable Society of Lincoln’s Inn. Additionally, he has been awarded an Honorary Doctorate in Law by the University of Nottingham.

Career Highlights and Leadership Roles

Throughout his extensive career, Mohammad Faiz Azmi has held numerous leadership positions:

• Executive Chairman of PwC Malaysia
• President of the Malaysian Institute of Accountants (MIA)
• Chairman of the Malaysian Accounting Standards Board (MASB)
• Chairman of the Kuala Lumpur Business Club (KLBC)

Since August 15, 2023, he has also been a member of the SC board, bringing his valuable insights and experience to the commission.

MOF’s Confidence in Mohammad Faiz Azmi

The Ministry of Finance has expressed strong confidence in Mohammad Faiz Azmi’s ability to significantly contribute to the SC’s objectives of enhancing the country’s financial market performance. Under his leadership, the SC is expected to continue its strategic initiatives aimed at improving the regulatory landscape and fostering a dynamic capital market environment.

Minister of Finance II, Senator Datuk Seri Amir Hamzah Azizan, stated, “We believe that Mohammad Faiz Azmi’s extensive experience and expertise will be instrumental in driving forward our financial market strategies and regulatory reforms. We extend our deepest appreciation to Datuk Seri Dr. Awang Adek Hussin for his dedicated service and his contributions to the SC.”

Achievements Under Awang Radek’s Leadership

Datuk Seri Dr. Awang Adek Hussin’s tenure has been marked by significant achievements and reforms. Notable accomplishments include:

• Capital Market Reforms: Spearheading substantial reforms to key capital market laws currently awaiting government approval.
• Social Exchange Platform: Introducing the Social Exchange, a platform that facilitates fundraising for projects with positive social impacts through private funding and philanthropy, supporting vulnerable communities.
• InvestED Graduate Program: Launching the investED Graduate Program to nurture a skilled talent pool for the industry.
• Islamic Capital Markets: Establishing Maqasid al-Shariah principles for Islamic capital markets.
• SME and Mid-Sized Company Support: Initiating strategic plans benefiting SMEs and mid-sized companies.

With Mohammad Faiz Azmi at the helm, the SC is poised to build on these foundations and drive forward initiatives that will bolster Malaysia’s financial markets. His appointment signals a continued commitment to innovation, regulatory excellence, and market growth.

The MOF is optimistic that under Mohammad Faiz Azmi’s leadership, the SC will achieve new milestones in enhancing Malaysia’s financial market landscape, ensuring it remains robust, transparent, and competitive on the global stage.

This transition marks an exciting new chapter for the Securities Commission Malaysia, promising continued progress and development in the nation’s financial sector.