Kuala Lumpur, 16 August 2016: Perbadanan Insurans Deposit Malaysia (PIDM) today announced the appointment of Dato’ Dr. Gan Wee Beng and Dato’ Dr. Nik Ramlah Mahmood to its Board of Directors, for a three-year term effective 16 August 2016.
According to the Akta Perbadanan Insurans Deposit Malaysia, PIDM’s Board of Directors shall consist of a Chairman with relevant private sector experience, the Governor of Bank Negara Malaysia, the Secretary General of the Treasury, two directors from the public sector and four directors from the private sector. The Governor of Bank Negara Malaysia and Secretary General of the Treasury are ex officio Directors.
Dato’ Dr. Gan has held several key positions in CIMB Group which included Advisor for Investment Banking, Deputy CEO (Risk Management) and Executive Director at CIMB Bank, CIMB Investment Bank and CIMB Securities Bhd. His other appointments outside CIMB Group were as Senior Advisor, Economics Department of the Monetary Authority of Singapore and Consultant to the World Bank, International Labour Organisation and Bank Negara Malaysia. He was also a Research Fellow at Malaysian Institute of Economic Research. Currently, he is a member of the Board of Directors of Kumpulan Wang Persaraan.
Dato’ Dr. Gan received his Bachelor’s and Master’s degrees in Economics from the University of Malaya and holds a PhD in Economics from the Wharton School of Economics, University of Pennsylvania, U.S.A.
Dato’ Dr. Nik Ramlah retired as a career regulator, having served the Securities Commission Malaysia (SC) for almost 23 years until her retirement on 31 March 2016. She joined the SC in 1993 as Manager for Law Reform and worked in various capacities including Director of Policy and Development, Senior Executive Director, Managing Director and Deputy Chief Executive.
Dato’ Dr. Nik Ramlah graduated with a First Class Honours in Law in 1979 from the University of Malaya and obtained her LLM and PhD from the University of London, U.K.
Dato’ Dr. Gan replaces Mr Lim Tian Huat, while Dato’ Dr. Nik Ramlah replaces Dato’ Halipah Esa, as Private Sector Director and Public Sector Director respectively.
“The Board of Directors and Management of PIDM are pleased to welcome both Dato’ Dr. Gan and Dato’ Dr. Nik Ramlah to the Board of PIDM. They bring with them extensive financial experience and industry expertise. We look forward to their contribution to our Board deliberations,” said Tan Sri Datuk Dr. Abdul Samad Haji Alias, Chairman of PIDM.
“We would also like to take this opportunity to express our sincere gratitude to both Dato’ Halipah and Mr Lim for their contributions, both of whom served on the Board from August 2010 to August 2016. We have been fortunate to have them on our Board, providing us with their invaluable support and guidance throughout their tenure,” he added.
With these new appointments, the members of the Board of Directors of PIDM are:
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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.