Kuala Lumpur, 19 January 2012: Perbadanan Insurans Deposit Malaysia (PIDM) announces the appointment of Datuk Dr. Rahamat Bivi binti Yusoff and Encik Mohamad Abdul Halim bin Ahmad as new members of its Board of Directors.
Their appointments, made by the Minister of Finance, took effect on 1 January 2012.
Datuk Dr. Rahamat Bivi is currently the Director General of the Economic Planning Unit (EPU) in the Prime Minister’s Department. Encik Mohamad Abdul Halim is the Group Chief Executive of the Peremba Group of Companies.
“Legislative amendments to the Malaysia Deposit Insurance Corporation Act (PIDM Act) in 2011 provided for the membership of the Board of Directors to be increased from seven to nine members as part of PIDM’s expanded mandate to administer the Deposit Insurance System as well as the Takaful and Insurance Benefits Protection System in Malaysia,” said Tan Sri Datuk Dr. Abdul Samad bin Haji Alias, Chairman of PIDM.
“The Board of Directors and Management of PIDM extend a warm welcome to Datuk Dr. Rahamat Bivi and Encik Mohamad Abdul Halim. We look forward to their participation on our Board and I have no doubt that the Corporation will benefit from their extensive experience and expertise,” said Tan Sri Datuk Dr. Abdul Samad.
Having served in the Government sector for almost 30 years in various capacities, Datuk Dr. Rahamat Bivi also currently serves as a member of the boards of Ekuiti Nasional Berhad (EKUINAS) and the Malaysia-Thailand Joint Authority (MTJA). She holds a doctorate from the Australian National University and a Masters degree in Economics from the University of Western Michigan, USA.
Encik Mohamad Abdul Halim is a member of the Malaysian Institute of Accountants, a qualified Chartered Accountant (ACA) and an Associate Member of the Institute of Chartered Accountants of England & Wales. A graduate from the Imperial College, University of London with a Bachelor of Science (First Class Honours) Degree in Civil Engineering, he has been involved in a wide range of business activities, from property development to healthcare, and had also served on the board of directors of various organisations, including the Malaysian Accounting Standards Board.
With the recent appointments, the members of the Board of Directors of PIDM are:
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PIDM administers the statutory Deposit Insurance System and the Takaful and Insurance Benefits Protection System in Malaysia.
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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.