Bursa Malaysia Berhad (“Bursa Malaysia” or “the Exchange”) today announced changes to its organisational structure aimed at transforming Bursa Malaysia into a high performance organisation with improved efficiencies to be regionally ready and more competitive, and to better serve the regional marketplace in an increasingly globalised regulatory and business environment.
On the new organizational structure, Datuk Seri Tajuddin Atan, Chief Executive Officer of Bursa Malaysia explained his vision, “The new organizational structure marks another step in Bursa Malaysia’s evolution as we aim to strengthen our base to steer Bursa Malaysia to be competitive and regional ready. It is therefore, imperative that we streamline our current organizational structure to capitalize on the opportunities and challenges that the dynamic environment will present in the years ahead”.
“I believe these changes will position us to deliver on our strategy, drive improved productivity and capability across the organization. In doing so, this will translate to improved product and service offerings while ensuring that the market remains vibrant and efficient. We have also undertaken a wider programme to upskill our workforce by providing opportunities for job rotation and career development. Through these opportunities, we will be able to develop a pool of talent that are not only specialized in their own areas but also versatile and capable in all aspects, thereby enhancing Bursa Malaysia’s competitive edge towards becoming the leading marketplace in the region”.
Effective 15th February 2017 and in-line with the new organisational structure, the following personnel changes will take effect:
- Ms. Selvarany Rasiah, formerly Director of Regulation will now lead the expanded commercial portfolio as Chief Commercial Officer (“CCO”)
- Datin Azalina Adham, formerly Director of Strategy and Transformation will lead the operational transformation as the Chief Operating Officer (“COO”)
- Ms. Yew Yee Tee, formerly Head of Enforcement will take on the role of Chief Regulatory Officer (“CRO”)
From left to right: Ms. Selvarany Rasiah, Datin Azalina Adham and Ms. Yew Yee Tee
The key changes in the new organisational structure are as follows:
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Centralising Commercial and Development Function
To strengthen the market development focus, divisions are created according to functional capability. This centralisation allows for a seamless cross-asset strategic drive which will improve Bursa Malaysia’s capabilities to respond, anticipate and translate market needs into strategic business plans. A newly created position, Chief Commercial Officer, is responsible to deliver strategic growth and development and improved synergies across products within the following functions:
- Derivatives Market: New product development, enhancement of current product; marketing and education
- Securities Market: Issuer development, current product enhancement, marketing and education;
- Islamic Capital Market: Current product enhancement, stakeholder management and widening of investor base via marketing and education for Bursa Suq Al-Sila’ and Bursa Malaysia-i;
- New Development & Market Facilitation: New product development for the Securities and Islamic Capital Markets, and eco-system management;
- Business Analytics & Information Services: Non-trading revenue growth and repository data centre; and
- Policy Development: Policy formulation and support for market development.
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Streamlining Operations, Technology & Information Management and Corporate Legal Functions
By enhancing operational reliability and responsiveness, the consolidation of the Operations, Technology & Information Management and Corporate Legal functions under a Chief Operating Officer aims to create operational excellence. The Exchange believes that being proactive and anticipatory in its response to market and stakeholder needs, as well as to the demands of its new Commercial and Development function and other organisational functions, will be a key success factor of the organisational structure change.
