5 Quick Facts You Should Know About Muhammad Ibrahim, Bank Negara's New Governor

His term starts from 1 May 2016.

Cover image via Expresion Economica

The Prime Minister's Office has named Bank Negara Deputy Governor Muhammad Ibrahim as successor to Governor Zeti Akhtar Aziz, whose 16-year-long tenure ends on 30 April this year

Image via NST

1. Ibrahim has been appointed for a 5-year term starting 1 May

He will chair his first policy meeting on 19 May and his first public appearance will be when first quarter growth figures are announced on 13 May, reported The Malay Mail.

Image via NST

2. He has been with BNM for 32 years

Muhammad joined BNM in 1984 and served in the areas of bank regulation and supervision, strategic planning, payment systems, insurance, offshore banking and treasury and financial markets. He held a key role during the Asian financial crisis as Managing Director of Danamodal Nasional Berhad, a bank recapitalisation agency, and has been the Deputy Governor under Zeti since 2010.

3. A chartered accountant, he is a University of Malaya graduate

He also holds a master's degree from Harvard University and a postgraduate diploma in Islamic banking and finance from the International Islamic University Malaysia.

4. The new Governor currently sits on BNM's Monetary Policy Committee as well as on the boards of several state companies

5. He is an independent director at Petronas since April 2014

The new Governor's other positions include as a director of Kumpulan Wang Persaraan, and the Finance Accreditation Agency. He is also a trustee of Tun Ismail Ali Chair Council, a council member of the Malaysian Bankers Institute, and an Associate Fellow of the Institute of Bankers Malaysia.

Previously, the WSJ had reported that Irwan Serigar Abdullah was expected to succeed Zeti as BNM Governor:

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