Bank Negara Malaysia (BNM) recently announced the appointment of Bakarudin Ishak (left) and Dr Sukhdave Singh (right) as assistant governors, effective March 5.
Bakarudin has served the central bank since 1985 and has held several senior positions, including as director of foreign exchange administration department and director of the Islamic banking and takaful department.
On Dec 1, 2008, he was appointed as the chief executive officer of Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear).
"As Director of Islamic Banking and Takaful Department, Bakarudin had an important role in the Bank's efforts in the development of Islamic finance and in promoting Malaysia as an Islamic financial hub," BNM said in a statement.
Dr Sukhdave, who joined the bank in 1986 and holds a PhD in Monetary and International Economics from Vanderbilt University, USA, has served in the bank's economics department and headed monetary policy research. In 2005, he became the director of the monetary assessment and strategy department.
"He has chaired the Monetary Policy Working Group at the Bank in these recent years and has had a key role in the support provided to the Monetary Policy Committee at the bank," the bank said in the same statement.
(This story appeared in The Malaysian Reserve on Mar 11, 2009. The Malaysian Reserve is a daily business/finance newspaper published out of Kuala Lumpur, with a sectoral page on Islamic finance on Mondays, edited by Habhajan Singh)
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