KUALA LUMPUR (Aug 1): Pacific & Orient Bhd's (P&O) major subsidiary Pacific & Orient Insurance Co Bhd (POI) has appointed Norazian Ahmad Tajuddin as its chairman effective immediately.

She replaces Mohammad Nizar Idris, who has retired.

In a filing with Bursa Malaysia today, P&O said Norazian, 48, was appointed to the board of POI on April 1, 2015.

"Norazian has worked for more than 25 years in the financial services industry, with the last 15 years being in senior management roles. She has experience in treasury operations, business and banking operations, risk management and support services," it added.

According to P&O, Norazian has worked in foreign exchange, international banking, investments, sales, customer and corporate relations, information technology and asset and liability management.

She began her career at the treasury department in Bank Bumiputra (M) Bhd, has worked at EON Bank Group, KAF Discount Bhd and Daimler Chrysler (M) Sdn Bhd, and was the deputy chief executive officer at her last post at Bank Simpanan Nasional (BSN). She was also BSN's board nominee at Prudential BSN Takaful Bhd.

Currently, she sits on the board of Kenanga Investment Bank Bhd as an independent director.

P&O shares closed up 2 sen or 1.94% at RM1.05 today, with 24,900 shares done, bringing a market capitalisation of RM288.73 million.