Datuk Nik Mohd Hasyudeen Yusoff, the former group managing director and chief executive officer (CEO) of Lembaga Tabung Haji, has been appointed as a board member of the Securities Commission Malaysia (SC) for a two-year term, effective January 15, 2025.
Appointed by the Minister of Finance, the SC’s board is responsible for monitoring the overall governance of the SC and has oversight of its regulatory and developmental mandates, the SC said in a statement today.
SC chairman Datuk Mohammad Faiz Azmi welcomed Nik Hasyudeen’s appointment, highlighting that the latter’s extensive experience of over 30 years in the industry, regulatory affairs, and international expertise will be a valuable asset. He emphasized that Nik Hasyudeen’s diverse background will significantly contribute to strengthening the Securities Commission (SC) board, enabling it to more effectively fulfill its dual mandates of promoting and maintaining market integrity while ensuring the development of a robust capital market.
Nik Hasyudeen currently serves on the boards of the Perdana Fellow Programme, Petron Malaysia Refining & Marketing Bhd, and Bank Islam Malaysia Bhd. He has previously held roles as the executive director overseeing market and corporate supervision at the Securities Commission (SC) and as the executive chairman of the Audit Oversight Board.