KUALA LUMPUR – Danajamin Nasional Berhad, the country’s Financial Guarantee Insurer, announced today the appointment of Mohamed Rashdi Mohamed Ghazalli as a non-independent non-executive director to its Board of Directors for a term of 2 years, starting 8 September 2014.
Mohamed Rashdi is a management and technology consultant with over 30 years of consulting experience in government and in diverse industries such as telecommunications, energy, transport, utilities, manufacturing and financial services.
Commenting on the appointment, Danajamin’s CEO Mohamed Nazri Omar said, “We are very pleased to welcome Encik Mohamed Rashdi to our Board of Directors. His depth and breadth of expertise and knowledge gleaned from his years of experience in diverse industries will be of considerable value to the board and company.”
Throughout his career, Mohamed Rashdi has served with international companies such as Telecoms Australia in Melbourne and Coopers & Lybrand in London, United Kingdom. He was a Partner of PwC Consulting (East Asia) as well as IBM Consulting and was also IT & Consulting Advisor with PricewaterhouseCoopers Malaysia focusing on capacity building, business development and quality assurance.
Mohamed Rashdi currently sits on the board of Credit Guarantee Corporation Malaysia Berhad, Malaysia Venture Capital Management Berhad (MAVCAP), SapuraKencana Petroleum Berhad and Barclays Capital Management Malaysia Sdn Bhd, a subsidiary of Barclays Plc.
Mohamed Rashdi holds a Bachelor of Science (Honours) degree in Computation from the University of Manchester Institute of Science and Technology, United Kingdom.
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