SC bids farewell to chairman Syed Zaid

KUALA LUMPUR: The Securities Commission Malaysia (SC) bids farewell to its chairman Datuk Syed Zaid Syed Jaffar Albar after he resigned from the post effective today.

In a social media post, the commission thanked Syed Zaid for his leadership and contribution towards the growth of the Malaysian capital market.

"All the best in your next journey! Thank you, Datuk Syed Zaid Albar," said SC.

Appointed to the role in 2018, Syed Zaid has helmed the SC for nearly four years.

During his leadership, the SC recalibrated its priorities to enable the regulator and capital market participants to address and respond to the impact of the pandemic while ensuring market stability and continuity.

On April 28, the Finance Ministry announced the appointment of Datuk Awang Adek Hussin as the new executive chairman of the SC to replace Syed Zaid from June 1, 2022 to May 31, 2025.

-- BERNAMA