Abdul Rasheed is made third BNM Deputy Governor
Published on: Tuesday, July 05, 2016
Kuala Lumpur: Bank Negara Malaysia (BNM) has appointed Shaik Abdul Rasheed Abdul Ghaffour as deputy governor for a three-year term, effective July 16, 2016."As deputy governor, Abdul Rasheed will be responsible for the financial sector regulation and development, including payment systems as well as the international reserve management and money market operations and foreign exchange administration," the central bank said in a statement Monday.With the appointment, BNM now has three deputy governors, as provided for by the Central Bank of Malaysia Act, 2009.
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The other two are Datuk Nor Shamsiah Mohd Yunus and Dr Sukudhew Singh.Abdul Rasheed is currently the assistant governor responsible for the Monetary Policy and Economics sector, which consists of the Monetary Policy, Economics, International and Statistical Services departments of BNM.He is a member of the bank's Management Committee as well as several policy committees, namely the Monetary Policy Committee, Reserve Management Committee and Risk Management Committee.Abdul Rasheed has served at the International Monetary Fund, Washington, as the Alternate Executive Director of the South-East Asia Voting Group on the IMF Executive Board.
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