5 Quick Facts You Should Know About Muhammad Ibrahim, Bank Negara's New Governor
His term starts from 1 May 2016.
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
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.
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.