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Bursa Malaysia announced its new high-level organisation structure which took effect on 1 January 2008. The restructuring process is aimed at achieving greater efficiency and efficacy of its business through streamlining core functions and business activities.
Dato' Yusli Mohamed Yusoff, Chief Executive Officer of Bursa Malaysia said, "The new organisation structure is to further strengthen the Exchange's capabilities to sustain and grow business performance towards heightened success as well as meet and manage our stakeholders' and customers' needs." The new high-level organisation structure is streamed into five main components.
- Business and Market Development will be headed by Encik Omar Merican in the capacity of Chief Operating Officer (COO). He will oversee the strategic drivers of Bursa Malaysia which comprise of business development, market development and product development functions. Encik Omar has been the COO of Bursa Malaysia since September 2005.
- Regulations will be led by Ms. Selvarany Rasiah in the capacity of Chief Regulatory Officer (CRO). This front-line regulatory function comprises enforcement, investigation, intermediary supervision, market surveillance, listing and rules development. Ms. Selvarany has been with the Exchange since December 1992 and was previously the Chief Legal Officer.
- Market Operations is to be headed by Mr. Devanesan Evanson in the capacity of Chief Market Operations (CMO), who will manage the core operations of the Exchange. This comprises market control (including exchange trading platforms and Labuan operations), clearing, settlement and depository, operational risk management and information services. Mr. Devanesan has been with the Exchange since April 1992 and was previously the Chief Regulatory Officer.
- Corporate Services drives Bursa Malaysia's enterprise support which encompasses finance, administration, building and security services, corporate legal, corporate risk management and organisation and methods. Puan Nadzirah Abdul Rashid in her capacity as Chief Financial Officer (CFO) will be in charge of Corporate Services. Puan Nadzirah has been with the Exchange since April 1999.
- Technology and Systems, which focuses on system and infrastructure development, will be headed by Mr. Yew Kim Keong in his capacity as Chief Information Officer (CIO). Mr. Yew has been with the Exchange since January 1983.
Group Human Resources, Corporate Secretarial, Communications and Investor Relations will report directly to the CEO.
