Zabidi leaves banking to join Malaysian watchdog

Azhar Zabidi leaves BofA Merrill Lynch Malaysia to head the regulator's marketing unit with a remit to boost the country's capital market profile.
Azhar Zabidi
Azhar Zabidi

The capital markets promotion arm of Malaysia’s securities regulator has appointed Azhar Zabidi as chief executive, as the country is convulsed by political scandal and steep declines in the value of its currency, the ringgit.

Prior to taking up his newly created position effective September 1, Zabidi served as head of origination and country client coverage at Bank of America Merrill Lynch in Malaysia, Capital Markets Malaysia, the marketing arm of the Securities Commission Malaysia, said in a memo on Wednesday.

The appointment of the investment banking veteran was made as the ringgit dropped to a 17-year low amid growing concern over an illicit money transfer from...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222