Bank Negara Malaysia: Agong consents to appointing Abdul Rasheed Ghaffour as governor effective July 1

KUALA LUMPUR, June 9 — Bank Negara Malaysia (BNM) today announced that the Yang di-Pertuan Agong has consented to appoint Datuk Shaik Abdul Rasheed Abdul Ghaffour as its new governor for a five-year term effective July 1, 2023 to June 30, 2028.

He will assume the position of governor from Tan Sri Nor Shamsiah Mohd Yunus, who completes her five-year term on June 30, 2023.

In a statement today, Abdul Rasheed said he was honoured to be appointed to the position of governor and that he looked forward to continuing and building on the work of Nor Shamsiah.

“Under her leadership, the Bank has been steadfast in discharging its mandate to promote monetary and financial stability, even through many challenging periods which include the pandemic crisis.

“She has also set in motion various organisational modernisation initiatives to reshape and better position the Bank to deal with the opportunities and challenges of the future. I will endeavour to carry out the duties of Governor to the best of my ability,” he said.

Abdul Rasheed joined BNM in 1988, rising to the position of deputy governor in 2016.

He graduated from Universiti Malaya with a Bachelor of Economics. He also holds an MBA from the Saïd Business School, Oxford University.

Over the span of his career at BNM, Abdul Rasheed has helmed various senior positions. He is currently a member of the Monetary Policy Committee and Financial Stability Committee, a position he has held since 2015. He also played key roles in the development and implementation of the Financial Sector Masterplan and Financial Sector Blueprints.

Abdul Rasheed said he was honoured to be appointed to the position of BNM governor and that he looked forward to continuing and building on the work of Tan Sri Nor Shamsiah Mohd Yunus. — Picture courtesy of Bank Negara Malaysia