KUALA LUMPUR – Danajamin Nasional Berhad, the country’s Financial Guarantee Insurer, announced today the appointment of Dato’ Azian Mohd Noh as independent non-executive director to its Board of Directors, for a term of 3 years, starting 25 June 2013.
Dato’ Azian was the former CEO of Kumpulan Wang Persaraan (Diperbadankan) (KWAP), a position she held since 2007 until her retirement in March 2013. Once named one of the 25 most influential women in asset management in Asia Pacific by the AsianInvestor, Dato’ Azian's representation will add depth to the composition of the Board.
“I am very delighted to welcome Dato’ Azian to the Board,” said Ahmad Zulqarnain Onn, CEO for Danajamin. “Her appointment will be highly beneficial to Danajamin. With over 20 years experience in asset management, Dato’ Azian will bring a new and invaluable perspective of the capital markets to the Board. ”
Dato’ Azian obtained her Bachelor’s Degree in Economics (Hons) majoring in Accounting from University of Malaya and a Masters in Business Administration from Universiti Kebangsaan Malaysia. A member of the Malaysian Institute of Accountants, Dato’ Azian also completed the Advanced Management Program at Harvard Business School, Harvard University, USA.
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 about Danajamin, its services as well as its leadership, kindly visit our website www.danajamin.com
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Sharie Elina Ibrahim
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