KUALA LUMPUR: The Prime Minister’s Office (PMO) yesterday announced the appointment of Datuk Syed Zaid Albar as executive chairman of the Securities Commission (SC) and the retirement of Tan Sri Ranjit Ajit Singh as its chairman effective October 15, 2018.
According to the statement issued by the PMO, Syed Zaid’s expertise encompasses various sectors such as corporate law, capital market, sukuk and Islamic and conventional banking.
With more than 38 years of experience in legal practice, Syed Zaid was previously a member of the compensation fund inquiry panel and member of the appeals committee in Bursa Malaysia Bhd.
He was also a member of the Islamic Banking Law Review committee in Bank Negara Malaysia, said the statement.
He graduated with a Bachelor of Arts (Honours) degree in Law in the UK and was admitted as an Utter Barrister of the Honourable Society of Lincoln’s Inn, London in 1979. A year later, he became an advocate and solicitor of the High Court of Malaya.
Besides that, Syed Zaid also served in Skrine & Co and formed his own law firm, Albar & Partners.
SC also announced the retirement of Ranjit Singh as its chairman effective October 15, 2018.
Ranjit has served the commission for 25 years, and was the chairman for the last six years.
“The SC and its Board of Commissioners would like to thank Tan Sri Ranjit for his contributions towards the development of the Malaysian capital market and for his leadership of the SC,” it said. — Bernama