Encik Danial Mah Appointed New Director-General of Labuan FSA

Malaysia's Labuan Financial Services Authority (Labuan FSA) has announced the appointment of Encik Danial Mah bin Abdullah as its new Director-General for a three-year term, effective from 3 October 2017. He will be replacing Datuk Ahmad Hizzad bin Baharuddin, whose term at the authority has expired.

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Encik Danial Mah has been promoted from his current position of Deputy Director-General. His appointment has been approved by the Prime Minister and Minister of Finance, YAB Datuk Seri Mohd Najib Tun Abdul Razak. Mah joined Labuan FSA in 1997 and has served in various positions at the organization.

He is also a member of the Executive Committee of the International Islamic Financial Market (IIFM), the Financial Stability Committee, an alternate board member at the IIFM, and a board member at Labuan IBFC Incorporated Sdn Bhd, Labuan FSA Incorporated Sdn Bhd and Pristine Era Sdn Bhd. He has also served as the interim CEO of Labuan IBFC Sdn Bhd since 2015.

A chartered accountant by profession, Encik Danial Mah holds a bachelor's degree in accounting from the University of Malaya and a master's in business administration from Manchester Business School, UK.

The previous Director-General of Labuan FSA, Datuk Ahmad Hizzad, will resume his duties as Assistant Governor from October 3rd at Bank Negara Malaysia following his six year association with the organization. He will be responsible for the bank's investment, Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and currency management operations.