KUALA LUMPUR: Bank Negara Malaysia (BNM) announced that Shaik Abdul Rasheed Abdul Ghaffour has been appointed deputy governor for a three-year term effective July 16.
The central bank said on Monday that as deputy governor, he will be responsible for the financial sector regulation and development including payment systems as well as the international reserve management and money market operations and foreign exchange administration.
Abdul Rasheed is currently the assistant governor responsible for the monetary policy and economics sector which consists of the monetary policy, economics, international and statistical services departments of BNM.
He is a member of the BNM's management committee as well as several policy committees namely the monetary policy committee, reserve management committee and risk management committee.
He had a key role in the development and successful implementation of the Financial Sector Masterplan (2001-2010) and formulation of the Financial Sector Blueprint (2011-2020).
He was also involved in the regional co-operation initiatives during Malaysia’s chairmanship of Asean including the endorsement of the Summary of Achievements of Asean Financial Integration and the development of the Asean Financial Integration Plan-Post 2015.
Encik Abdul Rasheed joined the Bank in 1988 and holds a Bachelor Degree in Economics from University of Malaya.
With the appointment, BNM now has three deputy governors, as provided for by the Central Bank of Malaysia Act, 2009.
THE STAR
