Appointed to the position with effect from: August 2017
• Advanced Management Program, Harvard Business School, United States
• Professional Accounting (Association of Chartered Certified Accountants)
• Bachelor of Arts in Accounting and Finance, Lancaster University, United Kingdom
Skills, Experience and Expertise:
Rafiz Azuan Abdullah was appointed the Chief Executive Officer of PIDM on 28 August 2017.
He joined PIDM in 2007 and led the Insurance, Risk Assessment and Monitoring Division where he spearheaded the completion of the Risk Assessment System for PIDM. In 2011, with the expansion of PIDM’s mandate to also include the Takaful and Insurance Benefits Protection System, he managed the establishment of the Risk Assessment and Differential Levy Systems Framework for insurer members. In June 2014, Rafiz Azuan assumed the role of Executive General Manager, as part of the PIDM’s CEO succession planning.
He is the Chairperson of the Research Technical Committee under the IADI Asia-Pacific Regional Committee. Rafiz Azuan served as a member of IADI’s Executive Council from 2017 to 2020 and was previously the Chairman of IADI’s Islamic Deposit Insurance Technical Committee.
Prior to joining PIDM, Rafiz Azuan served at the Rating Agency Malaysia for more than 10 years, where he specialized in rating financial institutions, real estate and construction companies. In 1999, Rafiz Azuan was seconded to the Corporate Debt Restructuring Committee at Bank Negara Malaysia to assist with the restructuring of distressed companies as a result of the economic recession.
Rafiz Azuan 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. He has also completed the Advanced Management Program, a program designed for an elite group of senior executives, at the Harvard Business School.
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.