KUALA LUMPUR – The Board of Directors of Danajamin Nasional Berhad (Danajamin) is pleased to announce the appointment of Mohamed Nazri Omar as its Managing Director/Chief Executive Officer to succeed Ahmad Zulqarnain Onn. Nazri’s appointment has been approved by Bank Negara Malaysia and will be effective on 2 May 2014.
Danajamin Chairman, Dato’ Mohammed Hussein said, “We are pleased to announce that we have received Bank Negara Malaysia’s approval for the appointment of Nazri as MD/CEO. His appointment as MD/CEO is the culmination of the Board’s succession plan and will ensure continuity of Danajamin’s strategies and plans. The Board is confident that Nazri will continue to maintain the momentum to fulfill Danajamin’s role as a catalyst to stimulate and further develop Malaysia’s capital markets.”
During this transition period, Nazri will work closely with current CEO Ahmad Zulqarnain Onn to ensure a smooth handover of responsibilities.
Nazri joined Danajamin in 2011 and is currently Danajamin’s Director of Client Coverage. Over the last three years Nazri has been mainly involved in originating, evaluating and structuring new business transactions for Danajamin as Head of the Client Coverage Division.
Nazri has 17 years of experience in corporate banking and capital markets. He started his career at Citibank Berhad and subsequently served in Macquarie Bank, RHB Sakura Merchant Bankers, as well as Kuwait Finance House.
Nazri holds a Bachelor of Arts Degree, majoring in Economics (Hons) and Government, from Cornell University, USA. He is also a Chartered Financial Analyst (CFA).
Danajamin, the country’s first and only Financial Guarantee Insurer, was established by the Government to be a catalyst to stimulate and further develop the domestic bond and sukuk market. Danajamin’s objective is to provide financial guarantee, a credit enhancement, to bond/sukuk issuances to help viable companies raise long-term fixed rate financing from the bond/sukuk market. The bond/sukuk market is an important alternative source of financing, as it complements the banking sector. Its continuous development is critical in ensuring that Malaysian companies have several funding sources to finance their business expansion and investments.
A AAA-rated company, Danajamin is jointly owned by Minister of Finance Incorporated (50%) and Credit Guarantee Corporation Malaysia Berhad (50%). It has a paid-up capital of RM1 billion with another RM1 billion callable capital. Danajamin is licensed under the Insurance Act 1996, and is regulated and supervised by Bank Negara Malaysia. For more information, please visit our website at www.danajamin.com.