Kuala Lumpur, 7 July 2014: Perbadanan Insurans Deposit Malaysia (PIDM) is pleased to announce the reappointments of its Chairman and several members of its Board of Directors by the Minister of Finance.
The following Board members were reappointed for further terms as stated :
“PIDM as a Corporation has benefited from the expertise and experience of its Board of Directors. These reappointments will ensure continuity, stability as well as diversity on our Board over the next few years.” said Tan Sri Datuk Dr. Abdul Samad Haji Alias, Chairman of PIDM.
PIDM also announced the reappointment of its Chief Executive Officer, Mr. Jean Pierre Sabourin, whose term has been extended for a further three years from 28 August 2014 to 27 August 2017.
“Mr. Sabourin has over 35 years experience in deposit insurance. His expertise and contributions to PIDM since its establishment have been invaluable. We look forward to his continued leadership as well as ongoing transfer of knowledge and expertise. We have an internationally recognised organisation that we are proud of and we are confident Mr Sabourin will continue to work towards ensuring its long term sustainability”, said Tan Sri Datuk Dr. Abdul Samad.
“With his reappointment, we also expect to continue to benefit from his contributions towards raising corporate governance standards among financial institutions. He has provided instrumental advice for the development of initiatives such as the Financial Institutions Directors’ Education (FIDE) Programme as well as the FIDE Forum”, he added.
PIDM also announced two new Board-approved appointments as part of its ongoing efforts to develop talent and consolidate its bench strength. Encik Rafiz Azuan Abdullah, General Manager, Insurance, Risk Assessment and Monitoring (INRAM) Division and Ms Lim Yam Poh, General Counsel and Corporate Secretary have both been promoted to Executive General Managers.
Encik Rafiz will have oversight over the Insurance, Risk Assessment and Monitoring Division, Intervention and Failure Resolution Division, Finance and Administration Division and Strategic Planning Division while Ms. Lim will be responsible for the Legal Division, Communications and Public Affairs Division, Policy and International Division and Human Capital Division.
“These movements are part of PIDM’s continued efforts to enhance internal capabilities and developing potential successors to move into key leadership positions,” said Tan Sri Datuk Dr. Abdul Samad.
For more information about this press release, kindly contact:
Sarina Ariffin, Senior Manager, Communications and Public Affairs Division
(Tel: 03-2173 7457; Email: firstname.lastname@example.org)
Juli Murshidah, Manager, Communications and Public Affairs Division
(Tel: 03-2173 7465; Email: email@example.com)
PIDM administers the statutory Deposit Insurance System and the Takaful and Insurance Benefits Protection System in Malaysia. Through these systems, depositors as well as owners of takaful certificates and insurance policies now enjoy legislated and explicit protection for their eligible bank deposits and takaful and insurance benefits.
For further information:
PIDM protects your deposits in the bank as well as your takaful and insurance benefits in the unlikely event of a failure of a member bank or a takaful operator / insurance company.