KUALA LUMPUR (Aug 8): The Securities Commission Malaysia (SC), which is currently undergoing a reorganisation, has appointed and redesignated several senior management executives.

Following the reorganisation, SC's deputy chief executive Datuk Zainal Izlan Zainal Abidin will now have direct oversight over supervision and surveillance functions, as well as the enlarged Corporate Resources business group, which will now include the Technology department and the People and Organisation Development department, according to a statement released today.

Meanwhile, the regulator has appointed Nadiah Abdullah as its new executive director of Corporate Resources effective Aug 5, 2019, replacing Tengku Zarina Tengku Chik, who will take on a new role as the chief executive officer of Securities Industry Development Corp (SIDC) effective Sept 1.

Nadiah has over 27 years of experience in management consulting, corporate transformation, leadership and talent management, as well as business integration and technology, at Accenture, Sime Darby Bhd, EY and AirAsia Bhd, the SC said.

The current SIDC CEO Sharifatul Hanizah Said Ali, on the other hand, will join the SC as executive director, to head the Islamic Capital Market Development business group effective Aug 10, 2019.

Sharifatul Hanizah, a financial services industry professional with more than three decades of experience, will be tasked to identify new areas of growth for the Islamic capital market, towards a future-ready global positioning, the SC added.

"To foster greater financial innovation through the use of technology, the restructured Digital Strategy and Innovation business group will consolidate the SC's efforts in promoting innovative market-based financing models and monitoring the evolving cyber risk landscape," the SC said.

Moreover, in line with the SC's vision of promoting innovation to drive competitive advantage within the capital market, the regulator said the Development and Islamic Markets business group will be separated to facilitate a more pronounced focus on the longer-term development of the broader capital market and Islamic capital market.

Salmah Bee Mohd Mydin, who has served the SC for 25 years in various roles, including enforcement, supervision and licensing, was promoted to the role of executive director of the Market Development business group, effective last Thursday (Aug 1).

"To develop more holistic policies that will drive the future growth and competitiveness of the capital market, the Market Development business group will steer the SC's overall corporate planning and strategy," the SC said, adding that this department will be led by Dr Wong Huei Ching, who has also been promoted to the position of director.