KUALA LUMPUR: Deputy governor of Bank Negara Malaysia, Datuk Muhammad Ibrahim has been appointed as the new governor for five years, effective from May 1, the Prime Minister’s Office said on Wednesday.
Muhammad will take over from Tan Sri Dr Zeti Akthar Aziz who retires on April 30.
According to the statement, the King, had on the advice of Prime Minister Datuk Seri Najib Tun Razak, endorsed the appointment of Muhammad.
Najib said he was confident Muhammad will continue to assist the government and also provide his advice and views to help drive the country’s economic growth and also administer the monetary policy and oversee the country’s financial industry, including BNM’s continuous efforts to develop the industry.
Muhammad was appointed deputy governor in 2010. He is a a graduate of Harvard University.
Najib also expressed his appreciation and gratitude to Zeti for her excellent contributions during her tenure as the seventh governor of the central bank.