Bank Negara appoints two external members to MPC

Bank Negara has appointed Nor Zahidi Alias and reappointed Datuk Dr. Gan Wee Beng as its Monetary Policy Committee (MPC) external members for two-year terms, effective Jan 1 and April 1, 2021, respectively.

Encik Nor Zahidi Alias was the Chief Economist of the Malaysian Rating Corporation Berhad (MARC). Earlier in his career, he worked at The New Straits Times Press (M) Berhad as a Senior Analyst before subsequently joining Kuala Lumpur City Securities as an Economist. Prior to his position in MARC, he was the Head of Research and Chief Economist of Alliance Merchant Bank and Head of Research of MCIS Zurich Insurance.  

Dato’ Dr. Gan Wee Beng has been on the Monetary Policy Committee since 1 April 2019. He is also currently a Board Member of Perbadanan Insurans Deposit Malaysia (PIDM). He was previously a board member at Kumpulan Wang Persaraan (KWAP) and has held several positions in CIMB Group including as Advisor for Investment Banking, and Executive Director at CIMB Bank, CIMB Investment Bank, and CIMB Securities. Prior to this, he was a Senior Advisor at the Economics Department of the Monetary Authority of Singapore, and consultant to the World Bank and International Labour Organisation. He was also a Research Fellow at the Malaysian Institute of Economic Research.  

With the appointment of Encik Nor Zahidi Alias and Dato’ Dr. Gan Wee Beng, the Monetary Policy Committee will comprise a total of eight members.