Dr Zaha Rina, who joins KLOFFE with effect from 1 February 2001, has several years of experience in the futures industry.
She was elected as a Director (representing brokers) of the Kuala Lumpur Commodity Exchange (KLCE) from 1996 as well as a Director of the Malaysian Monetary Exchange (MME) from 1997. In these capacities, she was actively involved in the merger of the Malaysian Futures Clearing Corporation (MFCC) and the Malaysian Derivatives Clearing House (MDCH). Dr Zaha Rina also played a major role in the consolidation of the KLCE and MME into COMMEX Malaysia (Commodities and Monetary Exchange of Malaysia).
In 1998, Dr Zaha Rina resigned from her Directorships to concentrate on obtaining her doctorate specialising in capital market research and pricing of warrants.
Abdul Jabbar Majid, KLOFFE Executive Chairman, noted that Dr Zaha Rina’s experience bodes well for the Malaysian futures industry.
"In particular, Dr Zaha Rina’s active involvement in the MDCH and COMMEX consolidation exercises augurs well for KLOFFE’s ongoing merger exercise with COMMEX.
"I certainly look forward to the fresh and dynamic approach that Dr Zaha Rina will bring to KLOFFE as its new COO".
Abdul Jabbar was recently appointed by the Minister of Finance as the Executive Chairman of both KLOFFE and COMMEX.
Dr Zaha Rina expressed appreciation to the KLOFFE Board for its confidence and trust in appointing her.
"I will work closely with the KLOFFE Executive Chairman and Board to ensure the continued development and growth of the Exchange. "One of my priorities will be to contribute effectively to ensure the smooth integration of the operations of KLOFFE and COMMEX".
She added that the merged exchange would also actively develop new products to cater to market requirements.
KLOFFE, the financial derivatives exchange which offers KLSE Composite Index futures and options contracts, is a wholly-owned subsidiary of KLSE. COMMEX provides trading in crude palm oil futures and three months KLIBOR interest rate futures contracts. KLOFFE and COMMEX completed the signing of the agreement to merge the two exchanges in December 2000.
