Labuan: The Labuan Financial Services Authority (Labuan FSA) today announced the appointment of two new authority board members and the reappointment of four existing members for a two-year term effective from Jan 15, 2026, to Jan 14, 2028.

According to BERNAMA News Agency, Labuan FSA stated that Datuk Zain Azhari Mazlan and Mohamad Ali Iqbal Abdul Khalid have been appointed as new authority members. Their appointments are in addition to the reappointment of Datuk Nor Azimah Abdul Aziz, Datuk Hisham Rusli, Steven Choy Khai Choon, and Dr. Aida Othman for a further two-year term. The appointment was made by the Minister of Finance II.

Zain Azhari holds the position of executive director of corporate finance and investments at the Securities Commission Malaysia. He is responsible for issues and investments, including the issuance of securities, takeover and merger activities, collective investment schemes, and the registration of prospectuses. Mohamad Ali Iqbal serves as an assistant governor at Bank Negara M
alaysia, overseeing the investment, market operations and development, treasury risk and infrastructure, and foreign exchange policy departments.

Labuan FSA chairman Datuk Ahmad Hizzad Baharuddin expressed that the authority welcomes the new members, highlighting that their expertise and leadership experience would complement the existing members and bring fresh perspectives to the continued development and advancement of the Labuan International Business and Financial Centre. The updated composition of the Labuan FSA authority includes himself as chairman, Affendi Rashdi as Labuan FSA director general, Choy, Nor Azimah, Aida, Hisham, Datuk John Patrick Antonysamy, Zain Azhari, and Mohamad Ali Iqbal.

The statement also recorded Labuan FSA’s appreciation to the outgoing authority members, Aznan Abdul Aziz and Salmah Bee Mohd Mydin, for their valuable contributions during their respective tenures.