Bank Negara Malaysia (BNM) has announced key leadership changes, appointing Aznan bin Abdul Aziz as Deputy Governor for a three-year term, effective April 1, 2025. The appointment, approved by the Minister of Finance, places Aznan in charge of BNM’s supervision and regulation sector. He will also serve as a member of the central bank’s Board of Directors and Monetary Policy Committee.
Aznan brings extensive experience to the role, holding a degree in Economics and Accounting from the University of Bristol. His expertise spans financial governance, with notable positions such as Chairman of the Board Audit Committee of the International Islamic Liquidity Management Corporation and a member of the Labuan Financial Services Authority. He is also actively involved in international regulatory bodies, including the International Association of Insurance Supervisors.
His appointment follows the retirement of Datuk Jessica Chew Cheng Lian, who will transition into the role of Technical Adviser on financial stability. BNM Governor Dato’ Seri Abdul Rasheed Ghaffour expressed appreciation for Jessica’s 34 years of service, recognizing her contributions to the nation’s financial stability.
In a related move, BNM has named Cindy Siah Hooi Hoon as Assistant Governor, succeeding Aznan. Cindy will oversee banking, insurance, and payment services supervision. A Fellow of the Association of Chartered Certified Accountants and a Chartered Financial Analyst charterholder, she previously held leadership roles in Prudential Financial Policy and Banking Supervision.
These leadership changes signal BNM’s commitment to strengthening financial governance and stability amid an evolving economic landscape.
