Md Khairuddin bin Hj Arshad was appointed the Chief Operating Officer at the beginning of 2010 and he assists the CEO in managing the day-to-day operations of the Corporation. Prior to this appointment, he was the General Manager, Insurance, Risk Assessment and Monitoring Division, responsible for analysis and monitoring of the risk level of banks as well as the intervention and failure resolutions of troubled banks.

Khairuddin also served Bank Negara Malaysia (BNM) for over 15 years in the Bank Regulation Department and the Islamic Banking and Takaful Department. He has extensive experience in Islamic banking and finance, and is currently the Chairman of the Islamic Deposit Insurance Group (IDIG) of IADI and a member of the Malaysian Accounting Standards Board (MASB) working group on Islamic financial transactions. He has also provided technical assistance to various countries in developing their Islamic banking industry as well as presented papers at domestic and international seminars. He holds an accounting degree from the International Islamic University, Malaysia.