KUALA LUMPUR: The Securities Commission Malaysia (SC) has announced the extension of Datuk Syed Zaid Albar as chairman for three years effective 1 November 2021.

The reappointment was approved by the Minister of Finance on 3 June 2021, according to the SC website.

Syed Zaid was appointed chairman on 1 November 2018.

He has played a pivotal role in a rapidly evolving financial landscape, leading the SC in setting the strategic direction for the growth of the capital market during exceptionally challenging times.

The SC recently unveiled its five-year Capital Market Masterplan 3, which aims to build a capital market that is relevant, efficient and diversified to enable the Malaysian economy to emerge fitter and stronger.