22 October 2018EMEA analysis

Labuan FSA appoints new chairman

The Labuan Financial Services Authority (FSA) has announced that the Minister of Finance of the captive domicile has approved the appointment of Datuk Oh Chong Peng as the chairman of Labuan FSA effective from 16 October 2018 until 15 February 2020.

Datuk Oh has wide experience in financial and other business sectors. He is currently the non-executive director of British American Tobacco (Malaysia), Malayan Flour Mills, Dialog Group, Kumpulan Europlus, PUC and a trustee of UTAR Education Foundation.

He was chairman of the Alliance Financial Group until his retirement from the Board in 2017. He was also a partner of Coopers & Lybrand Malaysia and government-appointed member of the Kuala Lumpur Stock Exchange (now known as Bursa Malaysia) as well as the Malaysian Accounting Standards Board.

Datuk Oh is a Fellow of the Institute of Chartered Accountants, England and Wales and served as president of the Malaysian Institute of Certified Public Accountants from 1994-1996.