The Labuan Financial Services Authority (Labuan FSA) wishes to announce that the Prime Minister and Minister of Finance, YAB Datuk Seri Mohd Najib Tun Abdul Razak, has approved the appointment of Encik Ahmad Hizzad bin Baharuddin as the new Director-General of Labuan FSA for a three year term, effective from 3 October 2011.

Encik Ahmad Hizzad assumes the position of Director-General of Labuan FSA following the retirement of YBhg Datuk Azizan Abdul Rahman in September 2011. Labuan FSA would like to take this opportunity to record its appreciation to Datuk Azizan for his contributions during his tenure with the Labuan FSA.

Prior to this appointment, Encik Ahmad Hizzad was the Director of Bank Negara Malaysia's Islamic Banking and Takaful Department.  He has been with the central bank since 1986, in several senior positions in the areas of financial sector development, regulation and supervision, in both the Islamic and conventional financial system.  Encik Ahmad Hizzad was directly involved in the formulation and implementation of the Financial Sector Masterplan of 2001-2010, and had served the Labuan Offshore Financial Services Authority as a Director from 1996 -1999. Encik Ahmad Hizzad holds a Master's degree in Business Administration from St. Louis University, Missouri, United States of America.

Labuan Financial Services Authority
6 October 2011