Labuan Financial Services Authority names new chief

Official set to begin three-year term next month

Labuan Financial Services Authority names new chief

Insurance News

By Gabriel Olano

The Labuan Financial Services Authority (Labuan FSA) has announced Encik Danial Mah bin Abdullah as the new director-general of Labuan FSA.

Malaysia’s Prime Minister and Minister of Finance, YAB Datuk Seri Mohd Najib Tun Abdul Razak, approved the appointment.

Encik Danial Mah begins his three-year term on October 3, 2017. He succeeds the departing Datuk Ahmad Hizzad bin Baharuddin.

Labuan FSA is the statutory body responsible for the development and administration of the Labuan International Business and Financial Centre (Labuan IBFC), a special economic zone of the Malaysian government based on the island of Labuan off the Borneo coast.

Currently, Encik Danial Mah is deputy director-general of Labuan FSA, having held the position since 2007. He is chairman of the credit risk, investment, and risk management; asset management; and talent management committees of Labuan FSA.

Since 2015, he has served as interim CEO of the Labuan IBFC. He joined the organization in 1997, serving in various capacities.

An MBA (with honours) holder from Manchester Business School in the UK, Encik Danial Mah is a chartered accountant registered with the Malaysia Institute of Accountants and an associate member of the Institute of Bankers Malaysia.

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Captive insurers’ conference to be held in Malaysia

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