Enhancing Financial Consumer Protection ANNUAL ... - PIDM

INTRODUCTIONEXECUTIVE MANAGEMENT COMMITTEE: MEMBERS AND PROFILESPIDM’s Executive Management Committee (EMC) ischaired by the Chief Executive Officer who is not amember of the Board of Directors. The EMC is a forum forthe discussion of issues relating to the management andday-to-day operations of PIDM. Its members comprisethe Heads of Division who are also responsible forsupporting the Board of Directors in fulfilling its governanceresponsibilities. The EMC is intended to facilitate effectivecommunications, teamwork, adaptability to change andeffective collaboration throughout all areas of PIDM, as wellas to serve as a conduit for information to all employees.Jean Pierre SabourinChief Executive OfficerJean Pierre Sabourin has been the Chief Executive Officer(CEO) of PIDM since its establishment in August 2005. Hehas gained unparalleled experience and expertise in allaspects of deposit insurance during his 35-year career. Hisassistance has been widely sought by many jurisdictionson establishing and improving their deposit insurancesystems.Among his many achievements, was the chairmanshipof the Financial Stability Forum’s 1 International Studyand Working Groups on Deposit Insurance and thechairmanship of the first ever APEC Policy Dialogue onDeposit Insurance. In May 2002, he led the establishmentof the International Association of Deposit Insurers (IADI)and was elected its first Chair of the Executive Council andPresident, a position he held until the end of his term in2007.He was employed by the Canada Deposit InsuranceCorporation (CDIC) in 1976, and held various positionswithin CDIC before being appointed by the CanadianGovernment as CDIC’s President and CEO in 1990, aposition he held for 15 years until his retirement in April2005. In August 2005, he was appointed by the MalaysianGovernment as the first CEO of PIDM, and his currentterm of office expires in August 2014. Mr. Sabourin is amember of the Board of Directors of the ICLIF Leadershipand Governance Centre and a member of Bank NegaraMalaysia’s Financial Stability Executive Committee. Heholds a Master of Business Administration degree from theUniversity of Toronto.Md Khairuddin bin Hj Arshad 2Chief Operating OfficerMd Khairuddin bin Hj Arshad was appointed the ChiefOperating Officer in 2010 and assists the CEO inmanaging the day-to-day operations of the Corporation.Prior to this appointment, he was the General Manager ofthe Insurance, Risk Assessment and Monitoring Division,responsible for analysis and monitoring of the risk level ofbanks as well as the intervention and failure resolutions oftroubled banks.Khairuddin served in Bank Negara Malaysia for over 15years in the Bank Regulation Department and the IslamicBanking and Takaful Department. He has extensiveexperience in Islamic banking and finance and is a leaderin the area of Islamic deposit insurance. He is currently theChairman of the Islamic Deposit Insurance Group of IADI,and an observer of the Malaysian Accounting StandardsBoard’s working group on Islamic financial transactions.He has also provided technical assistance to variouscountries in developing their Islamic banking industry andIslamic deposit insurance system and regularly presentsvarious papers at domestic and international seminars. Heholds an accounting degree from the International IslamicUniversity, Malaysia.Lim Yam Poh 2General Counsel and Corporate SecretaryLim Yam Poh was appointed the General Counsel andCorporate Secretary in 2006, and she is responsible forlegal and corporate secretariat services at PIDM.Her responsibilities include the provision of a rangeof legal services needed by PIDM, including ensuringcompliance with all applicable statutory requirements, andthe certification of deposit products. She also providessecretariat services to the Board, and supports theGovernance Committee and the Board in the developmentand maintenance of best practices in governance byproviding research and advice.She has over seven years of experience in a leading lawfirm in Kuala Lumpur. She was employed by the MalaysianSecurities Commission between 1997 and 2000 and by theHong Kong Securities and Futures Commission between2000 and 2005. She holds an honours Bachelor of Lawsdegree from the University of Birmingham, England andhas been called to the Bar of England and Wales and inMalaysia.1Now known as Financial Stability Board2Corporate officers appointed by the Board of Directors28P I D M A n n u a l R e p o r t 2 0 1 1