Board of Directors
Ms Jessica joined BNM in 1993 and has served in various capacities in the formulation of prudential and strategic policies for the banking and insurance sectors. She was involved in the preparation of the Financial Sector Masterplan and the formulation of financial sector liberalisation strategies as part of the WTO and Free Trade negotiations. She was also involved in the establishment of the deposit insurance system in Malaysia and formulation of human capital development strategies for the financial sector. Ms Jessica holds a Bachelor of Commerce Degree with a major in accounting and finance from the University of Melbourne, Australia. Prior to her appointment, Ms Jessica was the Director of Prudential Financial Policy Department. Ms Jessica is an advisor member of the Malaysian Accounting Standards Board and a member of the Governance and Compliance Subcommittee of the International Association of Insurance Supervisors.
Teh Ija retired from the Securities in March 2017 where she had served for 17 years in various capacity including as an Executive Director from July 2006 – July 2017 and as Advisor of Special Projects in the Chairman’s Office from August 2016 – March 2017. She has over 30 years of experience in economic policy-making, international finance, capital market policies and regulation, human capital development and training and education.
As a member of the SC Executive Team she has had direct responsibility for enterprise-level subjects including investor education, strategic HCM, industry capacity-building and SME access to market-based financing. As business group head, she managed the departments that provide day-to-day operations in Human Resources, IT, Finance and Procurement, Facilities Management and Corporate Affairs.
Teh Ija began her career as an Administrative and Diplomatic Officer in the Prime Minister’s department, and built her competency in the area of international trade and finance through 24 years in the government as Lead Negotiator in the WTO, ASEAN and APEC for financial services, as well as the MOF representative in World Bank and IMF Meetings.
She has a BA (Hons) from University of Malaysia and an MBA from Southern New Hampshire University (formerly known as New Hampshire College), USA.
Dato’ Dr. Syed Ahmad Bin Hussein was born in Batu Pahat, Johor on August 13th 1949. He had his early schooling in Johor before pursuing his first degree in the social sciences at Universiti Sains Malaysia. He earned his masters and doctorate degrees in Political Science from Yale University, where he worked with Professors Robert A. Dahl, James C. Scott and Juan Lintz. He also earned a Diploma in Peace Studies from the University of Uppsala, Sweden.
Dato’ Dr. Syed is currently the Chief Executive Officer of the Management Development Institute of Singapore, Malaysia Campus. He is a Board Member of the Finance Accreditation Agency of Malaysia (FAA) since 2012. In September 2015, Dr. Syed was appointed to the University Quality Assurance International Board (UQAIB) of Dubai for a four year term.
Dato’ Dr. Syed Ahmad Hussein was the Vice Chancellor of Malaysia’s Perdana University from March 2015 to July 2017. He was the Chief Executive Officer of the Malaysian Qualifications Agency (MQA) since its inception in 2007 until October 2014. He was the Chairman and Chief Executive of the Malaysian National Accreditation Board (2006-2007) after serving as a board member since 1998. In May 2014, Dato’ Dr. Syed Ahmad was appointed a member of the Financial Services Talent Council of the Bank Negara Malaysia. He was also a member of the Working Board to Transform the AlBukhary International University. Prior to these appointments, Dato’ Dr. Syed was a Professor of Politics and the Founding Director of the Center for International Studies, Universiti Sains Malaysia, Penang. He was the Dean of the School of Social Sciences (1997-2001) and the Deputy Vice-Chancellor of Academic and International Affairs of the Universiti from 2001 to 2005.
Dr. Syed was the first President of the ASEAN Quality Assurance Network, AQAN (2008-2014). In October 2014, he was appointed Advisor to AQAN. Dr. Syed was the founding and first President (2009-2013) of the Association of Quality Assurance Agencies of the Islamic World (AQAAIW).
Dato’ Dr. Syed Ahmad was the recipient of several recognitions, awards and grants, including the Sir Ibrahim Scholarship (1970-73), Fulbright-Hays (1977-81), Fulbright Visiting Scholar (1997-98), Ford Foundation (1979), Harvard-Yenching (1980-81), Social Science Research Council (US) (1980-81), Malaysia’s IRPA (1995; 1999-2000), Sweden’s SIDA/SAREC (1990, 1997), Center for Civic Education (US) (2007-2009), UNDESA (2004), and Universities Affiliation Program (US) (2003-2006). He was awarded the Pingat Kelakuan Terpuji (PKT) and the Darjah Setia Pangkuan Negeri (DSPN) by the State of Penang in 1994 and 2003 respectively. In 2010, he was awarded the Plaque for Distinguished Work in Quality Assurance by Thailand’s ONESQA. In September 2015, he was awarded the Plaque of Honor by ASEAN Quality Assurance Network, AQAN. In April 2016, he was awarded the Golden Globe Education Leadership Award.
Dr. Syed Ahmad Hussein has been a member of several professional and academic organizations in the field of political science and public affairs. He was actively involved in civic and active citizenship programs through the international civic education organization CIVITAS for which he was its Country Director for Malaysia for five years from 2003. He was the Founding Director of the Malaysia Citizenship Initiative (2003-2007) and currently it’s Senior Advisor. He was a member of the South Korean Government’s initiated -- and ASEAN + 3 endorsed -- East Asian Vision Group, EAVG (1999-2001), one of the earliest high level grouping to reflect on a vision of an Asian Community. He sat in various national committees that include the board of the National Higher Education Research Institute, the National Academic Awards Committee and the National Committee on Graduate Employability.
Dr. Syed Ahmad has more than thirty years of active teaching, research and consultancy experience, with a special interest in public policy, Malaysian and Southeast Asian society and politics, active citizenship, democratization, and quality assurance of higher education. He has taught undergraduate and post-graduate courses on ethics, government and politics, public administration and Malaysian and Southeast Asian Affairs. He led the team that introduced the Master in Public Administration program at Universiti Sains Malaysia in 1999. His writings have been published, among others, in Asian Survey, Indian Journal of Public Administration, and International Journal of Human Development. He has books, monographs and chapters published by reputable international publishers. His writings on issues of quality in higher education were included as chapters in two books published by Palgrave Macmillan in 2011 and by Routledge in 2012 respectively.
Dr. Syed has been a visiting scholar in universities in India, United Kingdom and the United States. He has delivered over 60 presentations in professional conferences and has supervised, and been external examiner to, about 20 doctoral and masters theses from universities in Malaysia and Singapore. He was the external examiner in the Malay Studies Department of the National University of Singapore from 1999 to 2002. In October 2012, he served as an International External Reviewer in the review of Japan’s National Institution for Academic Degrees and University Evaluation (NIAD-UE).
Dato’ Tharuma Rajah is the Senior Advisor of Korn Ferry Hay Group. Formerly he was the Managing Director - APAC of Korn Ferry Hay Group, a member of its Global Leadership Team and an International Partner of Hay Group. He joined Hay Group in 1993 after a 12-year stint with National Semiconductor; a Silicon Valley based US Electronics Multinational.
Dato’ Tharuma has advised clients in a range of industries including telecommunication, retail, financial services, energy, aviation, healthcare and government sectors in Asia Pacific, Europe and the United States on a challenging mix of strategic people, leadership and organizational issues. He is an Executive Coach to many Fortune 500 business leaders in Asia Pacific and the United States.
He speaks regularly at major international forums and is co-author of ‘The Indian CEO – A Portrait of Excellence’. He has led several seminal empirical research studies in Asia and the West which have provided new insights on the ethos and cross-cultural differences between Eastern and Western leadership styles in both public and private sectors.
Dato’ Tharuma is a member of the Honorable Society of Lincoln’s Inn, United Kingdom. He holds a Bachelor of Law Degree from The University of London, has been called to the Bar of England and Wales.
Dr. Humayon Dar is a Cambridge economist, with a wide range of interests in development practice and financial services. With MPhil and PhD degrees from the University of Cambridge and with his current role, Director General of Cambridge Institute of Islamic Finance, he possesses impeccable academic credentials and practical knowledge to influence policymaking on Islamic finance in the world, especially in the 57-member countries of Organization of Islamic Cooperation (OIC).
After a decade-long academic career, Dr. Dar has spent more than 13 years in investment banking, financial advisory, advocacy and high-level networking since 2005. He has founded a number of industry-building initiatives to promote IBF in various parts of the world. Some of his leadership projects include:
- Global Islamic Finance Report – the oldest yearbook in IBF (founded in 2010)
- ISFIRE – Islamic Finance Review – a bi-monthly jagazine (journal-magazine) published from London since 2011
- Global Islamic Finance Awards – the most respectable Islamic finance awards programme in the world, which Dr. Dar founded in 2011
- Cambridge Islamic Finance Leadership Programme (founded in 2013)
- Islamic Retail Banking Awards (since 2015)
- Islamic Wealth Management Report – a new annual report on Islamic wealth management (first published in January 2016)
- Global Good Governance Awards (since 2016)
- WOMANi – a new project to promote and advocate women participation in business and finance
- Cambridge Institute of Islamic Finance (founded in 2019)
Dr. Humayon Dar has also been a member of a number of Shari’a advisory boards in the UK, Malaysia and the UAE. He also serves on the International Islamic Finance Advisory Council of Astana International Financial Centre (AIFC).
Ms Sofian was first appointed to FAA Board of Directors in 2013. She is also a member of Audit, Risk and Compliance Committee since 2014.
Jenny Sofian is the Chief Executive Officer (CEO) of Fullerton Fund Management.
Prior to joining Fullerton in 2017, Jenny spent more than 20 years at Amundi Singapore. She was appointed the CEO and Head of South Asia in November 2009, responsible for their Southeast Asian and Australian operations. She also served as the Regional Director of Southeast Asia at group level. Jenny joined Amundi in 1996, to manage Asian equity portfolios. She was later appointed Head of Research for Asia and in 1999, promoted to Managing Director. Earlier in her career, Jenny managed Insurance funds for The Insurance Corporation of Singapore, a composite insurance company, for seven years from 1990.
Ms Sofian received a Bachelor of Science with Honours (Summa Cum Laude) in Business Administration, Major in Finance, from San Diego State University.
Fullerton Fund Management Company Ltd
CEO and Director, wef 1 Nov 2017
FFMC Holdings Pte. Ltd.
Director, wef 20 Dec 2017
Amundi Singapore Limited, Board Member, 1998 - July 2017
Amundi Malaysia Sdn Berhad, Chairman, 2008 - July 2017
Amundi Islamic Malaysia Sdn Bhd, Chairman, 2010 - July 2017
Amundi Asset Management Australia Ltd, Board Member, 2013 - July 2017
Amundi Mutual Fund Brokerage Securities (Thailand) Company Limited, Board Member, 2013 - July 2017
Datuk Zainal Izlan was appointed Deputy Chief Executive of the Securities Commission Malaysia (SC) on 5 April 2018.
He joined the SC in January 2011 as Executive Director, Islamic Capital Market and was appointed Managing Director, Development and Islamic Markets in November 2016. He is also Chairman of Capital Markets Malaysia, an entity established by the SC to promote the Malaysian capital market.
Datuk Zainal Izlan holds a Bachelor of Science in Economics (dual concentration in Accounting & Finance) from The Wharton School, University of Pennsylvania, USA, and is a Chartered Financial Analyst (CFA) charterholder. He has over 25 years’ experience in the financial services industry. He began his career with Citibank before joining MIDF Amanah Asset Management. Just before joining the SC, Datuk Zainal Izlan was the Chief Executive Officer of i-VCAP Management.
Donald Joshua Jaganathan is the Assistant Governor responsible for Bank Negara Malaysia’s regulatory policy with direct oversight over departments responsible for financial surveillance, prudential policy, consumer protection and market conduct as well as money services business regulation. Apart from being a member of BNM’s Management Committee, he serves as member of the Financial Stability Committee and the Risk Management Committee.
Donald graduated with a Bachelor of Accounting (Hons) degree from the University of Malaya and is a member of the Malaysian Institute of Accountants. He holds a MBA degree from the Cranfield School of Management, United Kingdom and is an alumnus of the Advanced Management Program, Harvard Business School.
He is a Fellow Chartered Banker (FCB) and a Council Member of the Asian Institute of Chartered Bankers, the Chairman of its Education Committee and is also a member of the Board of Directors of the Asian Banking School (ABS). Donald is also the country representative on the EMEAP Working Group in Banking Supervision and the Basel Consultative Group. He also held previous positions as the Board Chairman of Payments Network Malaysia Sdn Bhd (PayNet) and the Chairman of the Executive Committee of the Malaysian Insurance Institute.