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PIDM Appoints Rafiz Azuan As CEO
Last update: 03/08/2017

KUALA LUMPUR, Aug 3 (Bernama) --†Perbadanan Insurans Deposit Malaysia (PIDM) has appointed†Rafiz Azuan Abdullah as its Chief Executive Officer (CEO), effective†Aug 28, 2017.

In a statement, †PIDM Chairman Tan Sri Dr. Abdul Samad Alias said Rafiz†was appointed CEO by the†Minister of Finance†on the recommendation of the Board of Directors.

"His appointment is the culmination of our board-led CEO succession planning process which commenced in 2013.

"This process provides for a smooth leadership transition which is key to†maintaining a strong management team.

"The board is confident that Rafiz†will take up the mantle of leadership and continue to advance PIDM," Samad added.

Rafiz will succeed Jean Pierre Sabourin, the founding CEO who†will retire†on Aug 27, 2017 after 12 years of exemplary service.

Rafiz has served PIDM since 2007 and is currently the Executive General Manager.

Prior to this role, he was General Manager, Insurance, Risk Assessment and Monitoring Division.

Before†joining PIDM, Rafiz spent 10 years with Rating Agency Malaysia (RAM), specialising in ratings of financial institutions, real estate, and plantation and construction companies.

Rafiz graduated from Lancaster University, the UK in 1995, majoring in accounting and finance before pursuing the Association of Chartered Certified Accountants (ACCA) qualification at Emile Woolf College,†London.



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MON, DEC 11, 2017
US 4.0850/0880
S'pore 3.0188/0230
100 Yen 3.5941/5976
Sterling 5.4694/4746
Euro 4.8089/8128
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?

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