Islamic Finance 

Malaysia: Noripah is the new Bank Rakyat chairman

| 06 December, 2018


Datuk Noripah Kamso has been appointed as the new chairman of Bank Rakyat effective today.

In a statement earlier, Entrepreneur Development Minister Mohd Redzuan Md Yusof said Noripah takes over from Tan Sri Shukry Mohd Salleh who was sacked last week.

Shukry was removed on Nov 26 due to his involvement in the original audit report of 1Malaysia Development Bhd (1MDB).

Noripah has served as an advisor of CIMB Islamic, the chief executive of CIMB-Principal Islamic Asset Management Sdn Bhd and also of CIMB-Principal Asset Management Sdn Bhd.

She is currently a board member of BIMB Investment Management Bhd and Top Glove Corporation Bhd.

She was the chairman of the Islamic Finance Industry Council, Malaysia US Chamber Of Commerce based in Washington DC.

She was also the former president of Malaysian Futures Brokers Association (MFBA).

Mohd Redzuan also announced the appointment of Wan Suraya Wan Mohd Radzi, who is the secretary general to the ministry as a member of the board of Bank Rakyat.

"Their appointments will take effect immediately in accordance with power conferred to the Minister under the sub paragraph 1(2) of the First Schedule, Bank Kerjasama Rakyat Malaysia Berhad Act (Special Provisions) 1978 (Act 202).

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