Datuk Ranjit Ajit takes over as Securities Commission Chairman

March 10, 2012

www.themalaysianinsider.com (03-09-12)

Datuk Ranjit Ajit takes over as Securities Commission Chairman

Tan Sri Zarinah Anwar will retire when she completes her term upon Mar 31, Bernama Online reported today.She took up a post of authority of a Securities Commission (SC) in 2006.

Singapore's The Straits Times reported final month which Zarinah was stepping down as a SC arch in Mar after six years during a helm of a collateral markets watchdog.

Her contract finished among pressure over a marketplace regulator's role in firm Sime Darby Bhd's acquisition of a thirty per cent stake in E&O Berhad final August, where her husband was authority of a skill developer.

The news portal quoted a matter released currently by a SC as saying which Prime Minister Datuk Seri Najib Razak, who is additionally Finance Minister, has allocated Datuk Ranjit Ajit Singh to attain Zarinah as authority as well as Datuk Dr Nik Ramlah Mahmood (left) as emissary arch executive.

Their brand new appointments take outcome from Apr 1, 2012.Ranjit has over 20 years' knowledge in finance as well as securities regulation.He has been with a SC since 1994.

Bernama pronounced Ranjit is authority of a International Organisation of Securities Commissions (IOSCO) organisation upon secondary markets; has chaired an consultant organisation upon collateral markets for a Financial Stability Board taskforce; as well as has served as a part of of a International Monetary Fund's consultant organisation upon governance of open sector agencies.

Nik Ramlah, upon a other hand, is trained in law as well as has served a SC for over 18 years.She! additio nally sits upon a board of a Securities Industry Development Corporation, which is a SC's precision as well as education arm.

Bernama pronounced she is a core part of of a Organisation for Economic Co-operation as well as Development (OECD) Asian Roundtable upon Corporate Governance, as well as is a part of of a Technical Committee of a Islamic Financial Services Board (IFSB).

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