KUALA LUMPUR (Jan 3): The Securities Commission Malaysia (SC) on Tuesday (Jan 3) announced the appointment of Kamarudin Hashim and Datin Azalina Adham as its new managing directors effective Jan 1, 2023.

“As managing directors, Kamarudin and Azalina will assist the SC chairman in setting the overall strategic direction of the Malaysian capital market, and in overseeing the SC’s dual mandate of capital market regulation and development,” the commission said in a press statement. “In addition, both Kamarudin and Azalina will continue to oversee their current portfolios of market and corporate supervision (Kamarudin), and strategy and policy (Azalina) respectively.”

Deputy chief executive Datuk Zainal Izlan Zainal Abidin, who informed the SC of his departure in October 2022, will step down on Jan 11 to pursue other interests after 12 years of service.

SC chairman Datuk Seri Dr Awang Adek Hussin thanked Izlan for his service and contributions to the development of the capital market.

“Datuk Zainal Izlan has helped lead the growth of the Islamic capital market, and the SC’s Sustainable and Responsible Investment agenda, both in Malaysia and abroad,” said Awang.

“On behalf of the board and staff of the SC, I wish him the best in his future endeavours.”