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Labuan FSA names Wan Fadzmi as new chairman

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The finance ministry appointed the seasoned professional banker to succeed Siti Zainab Omar, who retired in May 2023.

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With over 25 years in the finance industry, Wan Fadzmi, currently holds key chairmanship and directorship positions in various banking institutions and companies. (Bernama pic)

PETALING JAYA:
Wan Mohd Fadzmi Che Wan Othman Fadzilah has been appointed as the chairman of the Labuan Financial Services Authority (Labuan FSA), effective Jan 1, 2024, for a two-year term.

In a statement today, the Labuan FSA said Wan Fadzmi was appointed by the finance ministry (MoF) to succeed Siti Zainab Omar, who retired in May 2023.

With a career spanning over 25 years in the finance industry, Wan Fadzmi, a seasoned professional banker, brings a wealth of experience to his new role.

His career commenced in Melbourne, Australia, as a cost estimator with Peter Slattery & Co in March 1986.

Returning to Malaysia in 1988, he joined Malayan Banking Berhad (MBB), where he held various senior management positions, including CEO/country head for the bank’s operations in London, New York, and Hong Kong.

Subsequently, Wan Fadzmi joined RHB Bank Bhd as the director of the Global Financial Banking Strategic Business Group, overseeing international banking operations in Singapore, Thailand, and Brunei Darussalam.

He served as the president and CEO of Bank Pertanian Malaysia Bhd from July 2011 to August 2017, leading its operations across 188 outlets in Peninsular Malaysia, Sabah, and Sarawak.

“Currently, he holds key chairmanship and directorship positions in various banking institutions and public and private companies.

“Notably, Wan Fadzmi serves as the independent non-executive chairman of Sumitomo Mitsui Banking Corporation (M) Bhd, and independent non-executive director of Zurich General Takaful Malaysia Bhd, Hap Seng Consolidated Bhd, and VS International Group Limited,” Labuan FSA said.

The statutory body said he is also a member of the investment panel at Lembaga Tabung Angkatan Tentera (LTAT).

He holds a Bachelor of Construction Economics from RMIT University, Australia, and has completed the advanced management programme at the Wharton Business School, University of Pennsylvania, USA, as well as the senior executive finance programme at Templeton College, University of Oxford, UK.

Wan Fadzmi is a chartered banker at the Asian Institute of Chartered Bankers, a chartered professional in Islamic finance, and a fellow of the Institute of Corporate Directors Malaysia.

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