Bank Negara Malaysia wishes to announce the appointment of two Assistant Governors, Encik Shaik Abdul Rasheed bin Abdul Ghaffour and Encik Ahmad Hizzad bin Baharuddin.

Assistant Governor Encik Shaik Abdul Rasheed bin Abdul Ghaffour will be responsible for the Strategic Management, Human Capital Development Centre and IT Services Departments.

Prior to his appointment, Encik Shaik Abdul Rasheed bin Abdul Ghaffour was seconded to the International Monetary Fund (IMF) as the Alternate Executive Director for Malaysia on the IMF's Executive Board from November 2012 to October 2014. He previously served as Director in several departments in Bank Negara Malaysia including Prudential Financial Policy, Financial Surveillance and Financial Sector Development. He was involved in the development of the Financial Sector Blueprint 2011-2020. Encik Shaik Abdul Rasheed graduated from the University of Malaya with a Bachelor’s degree in Economics (Honours).

As Assistant Governor, Encik Ahmad Hizzad bin Baharuddin will continue as the Director General of the Labuan Financial Services Authority (Labuan FSA), a position he has held since 2011. He is responsible for promoting a strong and resilient Labuan International Business and Financial Centre (Labuan IBFC).

Prior to his secondment to Labuan FSA, Encik Ahmad Hizzad had served as the Director of several departments in Bank Negara Malaysia including Payment Systems Policy, Financial Sector Development and Islamic Banking and Takaful. Encik Ahmad Hizzad holds a Bachelor of Science in Business from Eastern Illinois University, USA as well as a Master’s degree in Business Administration from Saint Louis University, USA.

                   
Assistant Governor                  Assistant Governor
Encik Shaik Abdul Rasheed     Encik Ahmad Hizzad
bin Abdul Ghaffour                 bin Baharuddin