ID :
176808
Wed, 04/20/2011 - 13:46
Auther :

ZETI REAPPOINTED MALAYSIA'S CENTRAL BANK GOVERNOR FOR FIVE-YEAR TERM



KUALA LUMPUR, April 20 (Bernama) -- Dr Zeti Akhtar Aziz has been
reappointed Governor of Bank Negara Malaysia (Malaysia's Central Bank) for another five-year term, effective May 1.

In a statement here Wednesday, Bank Negara said Zeti's reappointment has been consented to by the Malaysian King, Tuanku Mizan Zainal Abidin.

Zeti, 64, has held the position of Governor since May 2000.

She has received several accolades during this time. Last year, she was named the "Central Bank Governor of the Year" by the Emerging Markets publication in Washington.

Zeti also received the Lifetime Achievement Award at the Annual Islamic Business and Finance Awards in Dubai last year and the Asset Industry Leadership Award in Islamic Finance at the annual Triple A Awards for Islamic Finance 2010 for her support in the development of Islamic finance in Malaysia and emerging markets.

As Governor, she had a key role in monetary policy formulation and
implementation, while ensuring stability of the Malaysian financial system.

Zeti also oversaw the successful transformation of the Malaysian financial system into one of the most developed and resilient in an emerging economy.

This included spearheading the development of Islamic finance
domestically and globally, and participating in efforts to enhance the
contribution of small and medium enterprises to the country's economy.

She is also actively involved in shaping the future of financial
co-operation in the Asian region and has been an important voice for the emerging economies in the international financial fora.

Zeti has been instrumental in the organisational transformation of the central bank to become strategically focused and performance driven. This has also involved major changes to the governance process, talent management and having in place a robust risk management framework.

In 2009, she spearheaded the formulation of a new central banking
legislation.

The enactment of the Central Bank of Malaysia Act 2009 provided Bank Negara with greater clarity on its mandate and the necessary powers to enable the bank to perform its responsibilities effectively.

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