Kuala lumpur: Credit Guarantee Corporation Malaysia Bhd (CGC) has appointed Madelena Mohamed as a non-independent non-executive director, effective May 1, 2026. In a statement today, CGC announced that Madelena also serves as a non-executive director of CGC Digital Sdn Bhd, a subsidiary of CGC, and is a board member of the Co-operative Societies Commission of Malaysia (SKM).
According to BERNAMA News Agency, CGC chairman Datuk Mohammed Hussein expressed that Madelena's appointment strengthens the board with her extensive institutional knowledge, policy expertise, and leadership in sustainability and strategic governance. He emphasized that her experience will be invaluable as CGC continues to enhance its role in supporting micro, small, and medium enterprises (MSMEs) while remaining aligned with national development priorities and long-term financial stability objectives.
Madelena currently serves as an assistant governor at Bank Negara Malaysia (BNM), overseeing the strategy and sustainability sector, including the governor's office, legal, strategic communications, and sustainability functions. She brings over 30 years of experience in financial sector development and financial stability assessment, covering strategic, micro-prudential, and macro-financial policy formulation, as well as crisis management policies for Malaysia's financial system.
She holds a degree in economics, majoring in accounting and finance from the London School of Economics and Political Science, and is a chartered financial analyst (CFA) charterholder.
According to CGC, Madelena's appointment follows the resignation of BNM assistant governor Suhaimi Ali, who concluded his tenure as a non-independent non-executive director of CGC and non-executive director of CGC Digital on April 30, 2026. Suhaimi had joined the CGC board on April 28, 2022. CGC extended its sincere appreciation to Suhaimi for his contributions and dedicated service during his tenure on the board, acknowledging the 28 years of central banking experience and insights he brought to support CGC's strategic priorities.