AIA Group has announced the appointment of Nor Shamsiah Binti Mohd Yunus as Independent Non-executive Director and a member of the Nomination Committee, effective on 21st September 2023.
Yunus is currently the chancellor of Malaysia’s INCEIF University, a leading institution focused on education in Islamic finance, and will bring to the role more than three decades of wide-ranging experience in the financial sector,
She began her career in 1987 with the Bank Negara Malaysia (BNM), where she held several notable positions, including Governor, Deputy Governor, and Chairperson, leading vital committees such as Monetary Policy, Financial Stability Executive, Reserve Management, Risk Management, and Digital Technology.
In addition to her various roles at BNM, Yunus has also overseen the regulation and supervision of banks and insurance companies, contributing significantly to financial sector development and enforcement.
She served as an ex-officio Director of Perbadanan Insurans Deposit Malaysia (Malaysian Deposit Insurance Corporation), Chairman of the Board of Directors of the South East Asian Central Banks (SEACEN) Research and Training Centre, and a non-executive member of the Audit Oversight Board of Malaysia. Additionally, her expansive resume includes a stint as Assistant Director of the Monetary and Capital Markets Department of the International Monetary Fund from April 2017 to June 2018.
AIA Group Chairman Edmund Tse, expressed his pleasure at Yunus’s appointment, commenting, “She has had a distinguished career in Malaysia and supporting international organisations. Her deep expertise in guiding the growth and governance of the financial industry will add valuable perspectives to our experienced Board as AIA continues to grow across our diverse markets.”