Kuala Lumpur, 10 August 2017: Perbadanan Insurans Deposit Malaysia (PIDM) today announced the appointment of Datuk Seri Dr. Rahamat Bivi Yusoff as the Chairman of its Board of Directors for a 3-year term with effect from 15 August 2017. Datuk Seri Dr. Rahamat Bivi succeeds Tan Sri Datuk Dr. Abdul Samad Haji Alias, a long-serving Chairman of the Board.
Datuk Seri Dr. Rahamat Bivi served on the Board of PIDM from January 2012 to 2017, and is the former Director General of the Economic Planning Unit. Prior to that, she was the Deputy Secretary General of Treasury, Ministry of Finance, in charge of the Systems and Controls Division.
Datuk Seri Dr. Rahamat Bivi holds a Bachelor of Social Sciences (Economics) (Honours) degree from Universiti Sains Malaysia and a Master’s degree in Economics from the Western Michigan University, USA. She was conferred a PhD from the Australian National University, Australia.
Datuk Seri Dr. Rahamat Bivi serves on the Boards of Malaysia Nuclear Power Corporation, Malaysia Rail Link Sdn Bhd and Malaysia-Thailand Joint Authority. She is also a member of the Research Advisory Council of Perbadanan Nasional Bhd.
“Effective planning and execution of a smooth leadership succession is vital for the continued success of the Corporation. Planning for Board succession and leadership transition has been a key area of focus for the Board over the years. I am delighted to hand over the Board leadership to Datuk Seri Dr. Rahamat Bivi, who brings considerable expertise and global insights to the Board as we embark on our next phase of development,” Tan Sri Datuk Dr. Abdul Samad Haji Alias said.
Datuk Seri Dr. Rahamat Bivi said, “The Board would like to thank Tan Sri Datuk Dr. Abdul Samad Haji Alias for his invaluable wisdom, insights and contributions. He is known for his integrity and passion for governance and has ensured a strong and effective Board under his able leadership. We wish him the best in his future endeavours”.
With the new appointment, the members of the Board of Directors of PIDM are:
- Datuk Seri Dr. Rahamat Bivi Yusoff (Chairman)
- Datuk Muhammad bin Ibrahim (Governor of Bank Negara Malaysia) – ex officio
- Tan Sri Dr. Mohd Irwan Serigar Abdullah (Secretary General of the Treasury) – ex officio
- Mr. Alex Foong Soo Hah
- Encik Mohamad Abdul Halim bin Ahmad
- Dato’ Dr. Gan Wee Beng
- Dato Dr. Nik Ramlah Mahmood
- Encik Johan Mahmood Merican
- Ms. Gloria Goh
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For more information about this press release, kindly contact:
Syed Mohammed Idid, General Manager, Communications and Public Affairs Division
(Tel: 03-2173 7455; 012-3430848; Email: syedidid@pidm.gov.my)
Mimi Rashid, Senior Manager, Communications and Public Affairs Division
(Tel: 03-2173 7570; Email: mimifaizura@pidm.gov.my)
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ABOUT PIDM
PIDM is a statutory body that provides protection against the loss of deposits and insurance or takaful benefits with its member institutions in the event of failure. PIDM is entirely funded by premiums or levies assessed on its member institutions and does not receive public funds to operate. It has the means under the PIDM Act to borrow or raise such funds as may be needed to fulfil its statutory obligations to protect financial consumers of its member institutions. As an integral part of the national financial safety net, the Corporation promotes and contributes to the stability of the financial system.
For further information: