PIDM Executive Committee

Rafiz Azuan Abdullah

Chief Executive Officer

Appointed to the position with effect from:

August 2017

Qualifications:

Advanced Management Program, Harvard Business School, United States
Professional Accounting (Association of Chartered Certified Accountants)
Bachelor of Arts in Accounting and Finance, Lancaster University, United Kingdom

Skills, Experience and Expertise:

Rafiz Azuan Abdullah was appointed the Chief Executive Officer of PIDM on 28 August 2017.

He joined PIDM in 2007 and led the Insurance, Risk Assessment and Monitoring Division where he spearheaded the completion of the Risk Assessment System for PIDM. In 2011, with the expansion of PIDM’s mandate to also include the Takaful and Insurance Benefits Protection System, he managed the establishment of the Risk Assessment and Differential Levy Systems Framework for insurer members. In June 2014, Rafiz Azuan assumed the role of Executive General Manager, as part of the PIDM’s CEO succession planning.

Rafiz Azuan has previously served as the Chairperson of the Research Technical Committee under the Asia-Pacific Regional Committee (APRC) of the International Association of Deposit Insurance (IADI), as well as the Chairman of IADI’s Islamic Deposit Insurance Technical Committee. He was also a member of IADI’s Executive Council from 2017 to 2020.

Prior to joining PIDM, Rafiz Azuan served at the Rating Agency Malaysia for more than 10 years, where he specialised in rating financial institutions, real estate and construction companies. In 1999, Rafiz Azuan was seconded to the Corporate Debt Restructuring Committee at Bank Negara Malaysia to assist with the restructuring of distressed companies as a result of the economic recession.

Afiza Abdullah

Executive Vice President

Appointed to the position with effect from:

January 2022

Qualifications:

Bachelor of Finance and Accounting (Honours), University of Salford, United Kingdom

Skills, Experience and Expertise:

Afiza Abdullah is the Executive Vice President responsible for the overall management of all member institutions’ resolution plans as well as the functions related to various aspects of the Corporation’s intervention and resolution, crisis management macro surveillance and policy. She also oversees the assessment, planning, liquidation, and undertaking of timely and effective reimbursement of protected benefits and insured deposits of PIDM’s member institutions. Afiza joined PIDM in 2011 as Deputy General Manager, Policy and International Division and was subsequently appointed as General Manager, Policy and International Division in 2016.

With her vast experience in policy making on matters relating to deposit insurance, insurance guarantee schemes and resolution, Afiza is active in various discussions at the international fora and a well sought after speaker, in addition to her current responsibilities at PIDM. She is currently the Vice Chairperson of the Asia Pacific Regional Committee (APRC) of the International Association of Deposit Insurers (IADI) and had just completed her Chairmanship of the IADI Resolution Working Group that established the Resolution Technical Committee at IADI. She has also previously served as the Chair of the International Forum of Insurance Guarantee Schemes (IFIGS) in 2022 and the Vice Chair of IFIGS in 2023.

Prior to joining PIDM, Afiza had over nine years of extensive regulatory experience with Bank Negara Malaysia, and had been involved in, among others, prudential policy formulation for insurance and banking sectors, and the modernisation of the Central Bank Act 2009 as well as the regulatory laws. She was a core team member in the development of the Bank Negara Malaysia Financial Blueprint. She began her career in an audit firm in London, United Kingdom and joined a local investment bank upon her return to Malaysia, before joining Bank Negara Malaysia.

Lee Yee Ming

Executive Vice President

Appointed to the position with effect from:

January 2022

Qualifications:

Certified Internal Auditor and Chartered Member of the Institute of Internal Auditors Malaysia
Master of Business Administration in Finance, Western Michigan University, United States
Bachelor of Business Administration (summa cum laude), Western Michigan University, United States

Skills, Experience and Expertise:

Lee Yee Ming is the Executive Vice President responsible for the overall digital transformation initiative for PIDM. Her roles include setting up the Digital Transformation Department, leading and setting up initiatives in process reengineering, technology, capability and culture that would strengthen the Corporation’s digital foundation and enhance process efficiency to maintain the Corporation’s positioning in sync with the evolving financial and regulatory industry. Other than information technology and cybersecurity, Yee Ming also oversees the data strategy and governance function.

Yee Ming joined PIDM in 2007 as Chief Risk Officer. She was subsequently appointed as General Manager, Policy and International Division in 2011, Senior General Manager, Resolution Planning Unit in December 2016, and expanded to form Risk Assessment and Resolution Division in January 2018.

Prior to joining PIDM, Yee Ming had over 10 years of consulting and banking experience in Basel II implementation, enterprise risk management, and internal audit. She began her career with a financial institution in Illinois, United States and subsequently joined Ernst & Young in the Kuala Lumpur, Malaysia and Taipei, Taiwan offices.

Wan Ahmad Ikram Wan Ahmad Lotfi

Executive Vice President

Appointed to the position with effect from:

January 2022

Qualifications:

Fellow of the Chartered Accountants Australia and New Zealand (CAANZ)
Member of the Malaysian Institute of Accountants
Certified Public Accountant (Malaysia) of the Malaysian Institute of Certified Public Accountants (MICPA)
ASEAN Certified Public Accountant
Chartered member of the Chartered Institute of Islamic Finance (CPIF)
Bachelor of Commerce, University of Melbourne, Australia

Skills, Experience and Expertise:

Wan Ahmad Ikram is the Executive Vice President responsible for overseeing finance, operations and stakeholder engagement functions. Prior to this, he had been involved in various areas of operations of PIDM in the capacity as the Chief Financial Officer, as well as taking on an assurance and advisory role as the Chief Internal Auditor.

He has also served as a Council Member of the Malaysian Institute of Accountants (MIA) from 2019 to 2022 and has continued to serve in various committees of the MIA.

Ikram started his career with Telekom Malaysia Berhad before pursuing his professional accounting career with KPMG in Melbourne, Australia. Upon his return to Malaysia, he joined Tahan Insurance Malaysia Berhad as Chief Internal Auditor and was later appointed its Chief Financial Officer.

He has gained extensive experience in various roles within several organisations in the areas of external and internal auditing, risk management, office operations and administration, accounting and finance operations, treasury and fund management, corporate planning, corporate finance, corporate restructuring, business process management and compliance as well as information technology. More recently, he has also been more involved in strategic leadership, management and stakeholder engagement roles.

Meet Our People

Rafiz Azuan Abdullah

Afiza Abdullah

Lee Yee Ming

Wan Ahmad Ikram Wan Ahmad Lotfi

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