PETALING JAYA, TNG Digital Sdn Bhd, the operator behind the widely used TNG eWallet, has announced the appointment of Datuk Syed Zaid Albar as its new chairman and non-independent non-executive director, effective from Oct 17, 2025.
In an official statement, TNG Digital highlighted Syed Zaid’s extensive legal and corporate experience, noting that he is a seasoned lawyer with expertise spanning multiple areas, including financial services, corporate advisory, and regulatory compliance. His leadership is expected to bring strategic guidance and strong governance to TNG Digital as the company continues to expand its digital financial services footprint in Malaysia.
Syed Zaid, who stepped away from active legal practice in 2018, previously served as the executive chairman of the Securities Commission (SC) until mid-2022. During his tenure at the SC, he was instrumental in strengthening governance frameworks, enhancing regulatory oversight, and promoting the development of Malaysia’s capital markets on both a domestic and international level. His contributions helped position the Malaysian capital markets as more robust and competitive globally.
In addition to his new role at TNG Digital, Syed Zaid currently holds the chairmanship of CIMB Group Holdings Bhd, CIMB Bank Bhd, and Touch ‘n Go Sdn Bhd. His appointment to TNG Digital comes at a pivotal time for the company, as it seeks to leverage his wealth of experience in finance, regulation, and corporate strategy to drive innovation, improve operational excellence, and strengthen investor confidence in the rapidly evolving digital payments sector.
TNG Digital said that with Syed Zaid’s appointment, the board aims to reinforce its commitment to transparency, corporate governance, and long-term strategic growth, particularly as the company looks to expand its range of digital financial products and services for Malaysian consumers.
