MOF APPOINTS AHMAD HIZZAD AS LABUAN FSA CHAIRMAN

LABUAN, Nov 13 (Bernama) -- The Ministry of Finance (MoF) has appointed Datuk Ahmad Hizzad Baharuddin as chairman of the Labuan Financial Services Authority (Labuan FSA) for a two-year term from Nov 15, 2025 to Nov 14, 2027.

Ahmad Hizzad currently chairs FWD Takaful Bhd and KAF Digital Bank Bhd and serves on the board of Small Medium Enterprise Development Bank Malaysia Bhd.

His appointment builds on a 32-year career at Bank Negara Malaysia (BNM), where he held senior roles across Islamic Banking and Takaful, Financial Sector Development, and Payment Systems and Instruments.  He served as Assistant Governor from 2014 until his retirement in 2018.

He has also held prominent leadership positions, including chairman of Payments Network Malaysia Sdn Bhd (PayNet) and Mizuho Bank (Malaysia) Bhd, and served as director general of Labuan FSA from 2011 to 2017.

Ahmad Hizzad holds a Master of Business Administration from St. Louis University and a Bachelor of Business Studies from Eastern Illinois University, both in the United States.

Welcoming the appointment, Labuan FSA director general Affendi Rashdi said Ahmad Hizzad’s extensive experience at BNM, coupled with his previous leadership at Labuan FSA, provides him with deep insight into the Labuan International Business and Financial Centre (Labuan IBFC).

“His breadth of knowledge and experience makes him highly suited to serve as chairman of Labuan FSA. The management looks forward to his guidance as we continue advancing the Labuan IBFC’s growth and development agenda,” he said in a statement to Bernama.

Labuan FSA also expressed appreciation to Datuk Wan Mohd Fadzmi Che Wan Othman Fadzilah, the former chairman who retired in 2024, for his dedicated leadership and contributions during his tenure.

--BERNAMA