Kuala Lumpur, 17 August 2026: Perbadanan Insurans Deposit Malaysia (PIDM) today announced the appointment of Afiza Abdullah as its Chief Executive Officer (CEO) for a three-year term, effective 28 August 2026.
“With Afiza’s strong leadership and expertise, the Board is confident that her appointment will provide a seamless transition and continuity in PIDM’s critical work to advance resolution readiness and crisis preparedness. Her progression from within the organisation reflects the strength of our leadership pipeline,” said Datuk Abu Huraira Abu Yazid, Chairman of PIDM.
“In an increasingly uncertain environment, PIDM must remain a source of confidence, providing certainty to financial consumers that they will continue to be protected through a reliable and effective financial safety net. The Board looks forward to supporting Afiza as she leads PIDM into its next chapter.”
“The Board also extends its deepest appreciation to Rafiz Azuan Abdullah for nine years of exemplary leadership. His stewardship leaves PIDM strongly positioned for the future.”
Under the PIDM Act, the CEO is appointed by the Minister of Finance upon the recommendation of PIDM’s Board of Directors.
Afiza brings more than two decades of experience across banking and insurance, spanning financial regulation, policy development, crisis management and resolution. She helped shape PIDM’s resolution journey, including operationalising the Recovery and Resolution Planning framework with Bank Negara Malaysia and strengthening coordination among Malaysia’s financial safety net players through crisis simulations.
Since joining PIDM in 2011, Afiza has led a wide range of strategic initiatives, including key deliverables under the Takaful and Insurance Benefits Protection System. These included enhancements to the risk-based Differential Levy Systems, which incentivise sound risk management among insurer members, and the TIPS information regulations.
Her leadership progression from General Manager, Policy and International in 2016 to Executive Vice President, Resolution in 2022 formed part of PIDM’s carefully planned, Board-led succession planning.
Before PIDM, Afiza spent almost a decade at Bank Negara Malaysia, contributing to prudential policy, the modernisation of the Central Bank of Malaysia Act 2009 and the Financial Sector Blueprint.
Internationally, she has advanced deposit insurance, insurance guarantee schemes and resolution practices through the International Association of Deposit Insurers (IADI) and the International Forum of Insurance Guarantee Schemes (IFIGS). Through her leadership roles in these organisations, PIDM has garnered recognition among its international peers for its work in strengthening safety nets, crisis preparedness and resolution readiness. She has served as Vice Chairperson of IADI's Asia-Pacific Regional Committee since 2024, and previously served in leadership roles at IFIGS, including as Chair in 2022.
Issued by:
Corporate Communication Department,
Perbadanan Insurans Deposit Malaysia.