Kuala Lumpur, 3 August 2017: Perbadanan Insurans Deposit Malaysia (PIDM) today announced the appointment of Rafiz Azuan Abdullah as its Chief Executive Officer (CEO) with effect from 28 August 2017.
“I am pleased that the Minister of Finance, on the recommendation of the Board of Directors, has appointed Rafiz as CEO,” said Tan Sri Datuk Dr. Abdul Samad Alias, Chairman of PIDM.
“His appointment is the culmination of our Board-led CEO succession planning process which commenced in 2013. This process provides for a smooth leadership transition which is key in maintaining a strong management team. The Board is confident that Rafiz will take up the mantle of leadership and continue to advance PIDM,” added Tan Sri Samad.
Rafiz will succeed Jean Pierre Sabourin, the founding CEO who retires on 27 August 2017 after 12 years of exemplary service.
Rafiz has served PIDM since 2007 and is currently the Executive General Manager. Prior to this role, he held the position of General Manager, Insurance, Risk Assessment and Monitoring Division. Under his leadership, the Corporation developed and implemented its Risk Assessment System and the Differential Levy Systems for insurer members.
On the international front, Rafiz is a member of the Executive Committee of the International Association of Deposit Insurers (IADI). He is also the Chairman of IADI’s Islamic Deposit Insurance Group which focuses on the development of core principles for effective Islamic deposit insurance systems.
Prior to joining PIDM, Rafiz spent 10 years with Rating Agency Malaysia (RAM), specialising in ratings of financial institutions, real estate, and plantation and construction companies.
Rafiz graduated from Lancaster University, United Kingdom in 1995 majoring in Accounting and Finance. He then pursued a professional accounting qualification (Association of Chartered Certified Accountants – ACCA) at Emile Woolf College in London, United Kingdom.
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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.