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Establishment of Asian Institute of Finance to Enhance Financial Sector Human Capital Development

Ref No : 27 Aug 2009 Embargo : For immediate release    

The Board of Asian Institute of Finance is pleased to introduce the Asian Institute of Finance (AIF), which was established in November 2008. AIF is a joint initiative by Bank Negara Malaysia and the Securities Commission Malaysia to augment human capital development in the financial sector.

AIF aspires to be an institution of global excellence in support of the advancement of the financial services industry in Malaysia. This will be achieved through strengthened institutional arrangements for collaboration between AIF and the four training institutions that currently serve the financial services sector, namely Institut Bank-Bank Malaysia (IBBM), Islamic Banking and Finance Institute Malaysia (IBFIM), Malaysian Insurance Institute (MII) and Securities Industry Development Corporation (SIDC).

AIF will work closely with these training institutions to coordinate and enhance programme design, content, instruction and delivery. This will include the implementation of a quality assurance framework to ensure high standards in training, the development and coordination of programmes in areas that cut across the different financial industries, as well as in the conduct of research.

AIF will also promote Malaysia's financial services human capital development programmes more holistically across the entire value chain, both domestically and regionally.

An important focus for AIF is to elevate the capacity of the key training institutions to meet not only the current development needs of the industry but also to respond proactively to the rapidly changing financial landscape which will place greater demands on skill sets of financial professionals. Toward this end, AIF will focus on the development of competency frameworks for financial service professionals, programme quality assurance, enhancing the infrastructure for learning and securing world class faculty.  AIF will function as the main platform for coordination in this effort to draw on the complementarities and strengths of each institution towards achieving a common vision. 

The members of the Board of Directors of AIF are:

  1. Tan Sri Dato' Sri Zeti Akhtar Aziz, Chairman
  2. Tan Sri Dato' Sri Zarinah Anwar, Vice Chairman
  3. Dato' Yusli Bin Mohamed Yusoff
  4. Tan Sri Dato'Azman Hashim
  5. Encik Hashim Harun
  6. Chairman of IBFIM (to be appointed)
  7. Dato' Dr. Nik Norzrul Thani bin Nik Hassan Thani
  8. Professor Low Chee Keong
  9. Mr Kung Beng Hong
  10. Dato' Zukri bin Samat
  11. Dato' Haji Syed Moheeb bin Syed Kamarul Zaman

Mr Daniel Viets has been appointed as the Chief Executive Officer and Executive Director of AIF. Mr Viets has extensive experience in the areas of management, consulting and training capacities in the financial services sector. He has also served in various international corporations as well as professional bodies in the United States of America. Mr Viets has also delivered lectures on institutional capacity building in the Asia Pacific region.

AIF commenced operations since January 2009 and has its offices based in KL Sentral.


Asian Institute of Finance
27 August 2009


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