The SECURITIES INDUSTRY DEVELOPMENT CORPORATION (SIDC) is the leading capital market learning and development solutions provider for industry participants in Malaysia and the growth and emerging markets that include market professionals, company directors and regulators. Established in 1994 as the learning and development arm of the Securities Commission Malaysia (SC) and incorporated in 2007, SIDC has been a standard-bearer of quality and innovation for over two decades.
As the capital market industry’s partner in learning and development, SIDC works hand in hand with the industry through consultations and collaborations to design, develop and deliver training programmes that raise the standard of participants and support market growth. At the same time, we provide strategic consulting services and industry insights, frequently partnering with government agencies and international organisations to carry out capacity building initiatives for market regulators and industry players.
SIDC’s involvement in the development of human capital for the Malaysian capital market is comprehensive and end-to-end. We work closely with the SC to establish competency standards for the industry – developing, maintaining and administering the SC Licensing Examinations and the mandatory Continuing Professional Education (CPE) programme as part of the licensing regime for Malaysian capital market intermediaries. In addition, we contribute to the capital market talent pipeline through our fit-for-purpose graduate development programmes.
In support of the SC’s investor protection mandate, SIDC also conducts public investor education programmes on behalf of the SC with the aim of creating informed and prudent capital market investors.
SIDC’s extensive experience and track record in producing high-calibre programmes for a wide range of target audiences have earned us a reputation synonymous with professional excellence, acknowledged by international institutions such as the International Organization of Securities Commissions (IOSCO), the Asian Development Bank (ADB), the Asia-Pacific Economic Cooperation (APEC) and ASEAN.
The SIDC brand reflects our identity and strength as a value-adding organisation committed to making positive contributions to the various stakeholders we serve – the capital markets, our clients, employees, business partners, the community and more.
What makes the SIDC stand out as a leader in our field is our idea-driven approach to capital markets training and development, and our skilfulness in innovating to address ever-changing market demands.
Holding true to our corporate values of being customer-focused, quality-focused, innovative, performance-driven and reliable, we prove our ability to deliver consistent professional excellence across an exponential range of offerings and channels.
To be recognised internationally as a leading capital market learning and development solutions provider for market professionals, regulators and investors in Malaysia and emerging capital markets.
Our mission is to raise the standard of capital market participants to support the rapid growth and development of the capital market industry, through strategic and effective:
- Learning and development solutions
- Professional certification, qualifications and continuous education
- Thought leadership and consultancy services
- Investor education
|The SIDC logo makes a clear statement of the company’s core attributes:
While the overall design serves to communicate these attributes, the logo is infused with elements reflecting its corporate heritage. The colour and globe device alludes to the SIDC’s parent, the Securities Commission of Malaysia (SC). Furthermore, the “road” device is a translation of the “S” from the SC’s logo, which now, as a road, denotes the progressive and outward-looking attributes of the SIDC, and career progression for those who are trained by the SIDC.
The globe device is seen as two elements fused together by the SIDC “road”, reflecting the two-sides-of-the-same-coin. This device variously represents the integration of both technical and soft skills, the reconciliation of both regulatory and commercial interests and its Eastern roots within a global environment.
The typeface, and the framing and the overall simplicity of the arrangement reflect the SIDC’s desired behaviours – direct, straightforward, honest and approachable.
BOARD OF DIRECTORS
Datuk Zainal Izlan was appointed Deputy Chief Executive of the Securities Commission Malaysia (SC) on 5 April 2018.
He joined the SC in January 2011 as Executive Director, Islamic Capital Market and was appointed Managing Director, Development and Islamic Markets in November 2016. He is also Chairman of Capital Markets Malaysia, an entity established by the SC to promote the Malaysian capital market.
Datuk Zainal Izlan holds a Bachelor of Science in Economics (dual concentration in Accounting & Finance) from The Wharton School, University of Pennsylvania, USA, and is a Chartered Financial Analyst (CFA) charterholder. He has over 25 years’ experience in the financial services industry. He began his career with Citibank before joining MIDF Amanah Asset Management. Just before joining the SC, Datuk Zainal Izlan was the Chief Executive Officer of i-VCAP Management, an Islamic fund management firm based in Malaysia.
Datuk Zainal Izlan Zainal Abidin
Tan Sri Dato’ Seri Dr. Wan Mohd Zahid is the Chairman of S P Setia Berhad. He is also the Chairman of the Management and Science University (MSU) and FEC Cables (M) Sdn Bhd. Tan Sri Dato’ Seri Dr. Wan Mohd Zahid is a Director of Amanah Saham Nasional Bhd, Perbadanan Usahawan Nasional Bhd and Yayasan Sime Darby. He was formerly the Chairman of Berger International Ltd based in Singapore, and Deputy Chairman of International Bank Malaysia Berhad.
Tan Sri Dato’ Seri Dr. Wan Mohd Zahid holds a Bachelor of Arts (Honours) degree from University of Malaya, Masters from Stanford University and PhD from University of California, Berkeley. He underwent a course in business management under the Advanced Management Program at Harvard Business School. He started his career as a teacher, moving up to principal level and eventually held various positions in the Ministry of Education. His last post prior to retirement was as Director-General of Education.
Tan Sri Dato’ Seri Dr. Wan Mohd Zahid
Dato Dr. Nik Ramlah Mahmood serves on the board of the Securities Industry Development Corporation (SIDC) with over 20 years of experience in capital market development and regulation. She was Deputy Chief Executive of the Securities Commission Malaysia (SC) until her retirement on 31 March 2016. Dato Dr. Nik Ramlah was also previously Managing Director and Executive Director of the SC’s Enforcement Division and in her long career at the SC had worked in areas ranging from legal and regulatory reform, product and market development, corporate governance, Islamic capital market, investor education and enforcement.
Dato Dr. Nik Ramlah was awarded Most Outstanding Person for Contribution to Islamic Finance by the Kuala Lumpur Islamic Finance Forum (KLIFF) in 2007 and The Award of Excellence for Outstanding Leadership in Islamic Capital Market Regulation at the London Sukuk Summit 2013.
Dato Dr. Nik Ramlah is also a member of the Professional Development Panel (the Senate) of the International Centre for Education in Islamic Finance (INCEIF), the global university of Islamic finance.
Dato Dr. Nik Ramlah holds a First Class Honours in Law from University Malaya and a LLM and PhD from the University of London. For her PhD, she was the recipient of a scholarship from the Association of Commonwealth Universities. Prior to joining the SC in 1993, Dato Dr. Nik Ramlah was an Associate Professor in the Faculty of Law, University Malaya.
Dato Dr. Nik Ramlah is a member of the Chartered Institute of Islamic Finance Professionals (CIFP).
Dato Dr. Nik Ramlah Mahmood
Datuk Chay Wai Leong was appointed as the Group Managing Director of Kenanga on 17 May 2011. He is also the Group Managing Director of Kenanga Investment Bank Berhad (KIBB).
Currently, Datuk Chay also serves as a Director of the Securities Industry Development Corporation, a company sponsored by the Securities Commission Malaysia and Bursa Malaysia Berhad (Bursa Malaysia) which is involved in the development of capital markets.
In March 2013, Datuk Chay was appointed as an Independent Non-Executive Director of Bursa Malaysia.
Since his appointment as the Group Managing Director in May 2011, Kenanga and its Group of Companies (Kenanga Group or the Group) have clinched numerous awards in the investment banking, equity broking, asset management, futures broking, as well as, wealth management business segments.
Recently, Bursa Malaysia awarded Kenanga as the Best Retail Equities Broker, First (1st) Runner Up; Best Online Broker, Second (2nd) Runner Up; Best Derivatives Trading Broker, Best Trading Broker for Equity Derivatives and Best Derivatives Clearing Broker, Second (2nd) Runner Up. Kenanga was also presented Best Initial Public Offering (IPO) by the Edge Malaysia and Best Deal (Malaysia) at the Asset Triple A Country Awards for 7-Eleven Malaysia Holdings Berhad’s IPO exercise. In addition, the Kenanga Growth Fund was awarded the Best Performing Equity Malaysia Fund for the five (5) and ten (10) years categories at the Lipper Malaysia Fund Awards 2014.
Prior to his appointment as the Group Managing Director of Kenanga and the Managing Director of KIBB, Datuk Chay was the Managing Director of RHB Investment Bank Berhad and Head of the Corporate & Investment Banking Division of RHB Banking Group.
His previous employment includes Standard Bank, one of South Africa’s largest financial groups, Jardine Fleming Securities in Hong Kong and JP Morgan. Datuk Chay started his career in 1987 with Bankers Trust in Singapore.
He holds a Bachelor of Business Administration from the National University of Singapore.
Datuk Chay Wai Leong
Ms Angelina Kwan is currently the Chief Operating Officer of the Bitcoin Mercantile Exchange (BitMEX) and has responsibility over BitMEX’s operations around the world. She most recently established and ran the Regulatory Compliance Department and the HKEX Foundation Limited at Hong Kong Exchanges and Clearing Limited. Ms Kwan has extensive experience in Asia Pacific and the United States, in running businesses, business development, as well as investor and stakeholder relations. She started her career at KPMG and has held senior management, committee and/or board positions with the Securities and Futures Commission of Hong Kong, and other multinational companies and financial institutions.
She is currently a Hong Kong Government appointed member of the Women’s Commission, the Council for Sustainable Development, the Administrative Appeals Board, and the Lord Wilson Heritage Trust, a Director and Chair of the Audit Committee of the Securities Industry Development Corporation of Malaysia, Vice Chair and Director of the The Women’s Foundation, a Director of the Hong Kong Securities Institute, a Fellow and Member of the Hong Kong Institute of Certified Public Accountants, an Honorary Adjunct Professor of Finance of the Hong Kong Polytechnic University, and serves on a number of other Boards and Committees. She lectures frequently for various international government and regulatory organisations as well as course providers.
Ms Kwan is a Certified Public Accountant in the United States and Hong Kong and a graduate of the University of Southern California. Her MBA is from Pepperdine University and LLB from the Hong Kong University and Manchester Metropolitan University.
Angelina Kwan, CPA
Mr Gerald Ambrose is the Chief Executive Officer of Aberdeen Standard Islamic Investment Sdn Bhd, the group’s Islamic fund management hub. He joined Aberdeen Standard Islamic Investment in 2005 after the company was selected to be the first licensed foreign-owned fund manager under the government’s Special Scheme.
Previously, Mr Ambrose was an institutional sales director covering ASEAN equities at Kim Eng Securities in Singapore, HSBC James Capel in London and BNP Paribas Securities London, the latter sending him to set up the institutional broking operations of its associate, Mohaiyani Securities Sdn Bhd, in 1990. Prior to that, Mr Ambrose served as a submarine officer in the Royal Navy from 1980 to 1987.
Mr Ambrose graduated with an MA (Honours) degree in Land Economy from Pembroke College, Cambridge University.
Datuk Muhamad Umar Swift is the Chief Executive Officer of Bursa Malaysia Berhad. He is also the director of all subsidiary companies within Bursa Malaysia Group, and serves as a Chairman of Bursa Malaysia Derivatives and Clearing.
Datuk Umar has more than 25 years of experience in the areas of banking and financial services. Prior to helming the Exchange, he was the Chief Executive Officer / Group Managing Director of MAA Group Berhad, where he also assumed the role of Chief Executive Officer of Malaysia Assurance Alliance Berhad (now known as Zurich Insurance Malaysia Berhad).
Commencing his career with Price Waterhouse Chartered Accountants, Datuk Umar went on to hold numerous positions within the banking industry before joining Gas Malaysia Sdn Bhd. in 1996 as General Manager, Corporate Finance. A year later, he was promoted to Chief Executive Officer of Gas Malaysia.
In 2002, Datuk Umar became a Practise Leader for the Utilise Business of Deloitte Consulting in Malaysia, before re-entering the financial services industry as Executive Vice President - Head Enterprise Financial Services Group of Maybank in 2004.
Datuk Umar holds a Bachelor of Economics degree from Monash University, Australia, and is an Asscociate of Chartered Accountants Australia and New Zealand, a member of CPA Australia, a Chartered Tax Institute of Australia, and a Fellow of the Financial Services Institute of Australasia (FINSIA) in Australia. He is also a Chartered Accountant with the Malaysian Institute of Accountants, and a Registered Financial Planner.
Datuk Muhamad Umar Swift
Chief Executive Officer
Tengku Zarina brings with her over 27 years of global financial services experience both in corporate and international finance, taking in different business functions and markets. Having a core competency in corporate credit, she had in the past assumed a wide breath of roles in international banking, corporate banking, business development, banking operations, operational excellence and strategic transformation.
She has served in large financial centres including in the city of London, where she was the Country Head for Maybank operations in the UK from 2005 to 2013, and in Hong Kong where she was Maybank Hong Kong’s Deputy CEO in charge of corporate banking and business development from 2001 to 2005. She had served in Maybank New York and Maybank International Labuan for short term assignments in her early years with Maybank. Leveraging her diverse experience, she had taken on several strategic transformation roles, including Maybank’s Head of Operational Excellence for Global Banking where she led a significant initiative to streamline the ‘Know Your Customer’ value chain as well as enabling the Financial Institutions Group’s business. She was also appointed as a Supervisory Board member for Uzbek Leasing International in Uzbekistan from 2013 to 2015.
Tengku Zarina is an appointed Accreditation Panel Member for Finance Accreditation Agency (FAA), an international and independent accreditation body supported by Bank Negara Malaysia and the Securities Commission Malaysia. Holding a Bachelor’s degree in Accounting from Michigan State University, United States, she is also a graduate of Women Directors’ Program by NIEW and attended the Oxford Scenarios Programme in Said Business School, University of Oxford.
Director, Professional Standards & Qualifications
Sarimah Ramthandin is the Director of the Business Development Division. Her primary roles consist of strategic development, design and implementation of innovative learning modules, and customising intervention solutions for the capital market industry. In addition, Sarimah successfully led the expansion of SIDC into a learning and development consultancy for talent development in the capital markets. She was also instrumental in the conceptualisation, development and implementation of various Investor Education projects including strategic partnerships, key publications and core financial literacy and capability programmes.
Sarimah has also been invited to speak and share her experiences in implementing financial literacy and capability strategies and innovative programmes at various international forums. She has made regular media and TV appearances, speaking on topics ranging from smart money management habits to wise investing.
Sarimah began her career in 1996 as an internal auditor for Hong Leong Finance Bank Berhad and later as a dealer’s representative in Kenanga Investment Bank before joining the Securities Commission Malaysia in 2000, where she was involved in developing examination study guides and questions in SIDC’s examinations department. She moved to the Investor Education (IE) department in 2003 and has since led multiple IE initiatives for SIDC.
Sarimah holds an MBA from University Malaya and a BSc in Business Administration (Finance) from Iowa State University, USA. She is a Certified Training Professional with over 20 years of experience in the capital market industry, and a Certified Professional Coach with learning and development expertise.
Director, Corporate Services
Salleh Hassan brings with him years of experience in corporate governance and professional education.
Salleh is currently the Director of Corporate Services overseeing the effective delivery of enterprise support services to SIDC. Prior to this, he was the Director of Professional Standards & Qualifications. He oversaw the initiatives and activities that lead towards strengthening the competency and capacity of professionals in the Malaysian capital market via the industry-wide competency framework (ICF), certification and qualification, and the award winning Competency Management Systems (CMS).
As the subject matter expert on corporate governance, Salleh also leads in the development of curriculum, courses and industry insights initiatives. He was involved in a project to develop the ASEAN Corporate Governance Scorecard and thereafter, had been an assessor of the Malaysian, Philippines and Vietnamese listed companies against the Scorecard. He has also served as an Associate and as a member of the adjudication committee for the corporate governance award by the Minority Shareholders Watchdog Group (MSWG).
Salleh is a committee member of the Corporate Integrity System Malaysia initiative, a member of the National Advisory Group for the Business Integrity Country Agenda (BICA) study by Transparency International (TI-Malaysia), a member of the judging panel of the Malaysian Sustainability Reporting Award (MaSRA) organised by the Association of Chartered Certified Accountants (ACCA), and a member of the International Integrated Reporting Council Training Advisory Group.
He also advises corporations in their efforts to cultivate corporate governance culture and to develop effective sustainability reporting. He speaks regularly at local and international platforms to directors and senior management of listed and unlisted companies on corporate governance.
He was the Deputy Director of the Nottingham University Business School (Malaysia) between 2005 and 2009. He had published papers on financial reporting, accounting policy choice and corporate governance/sustainability issues and presented them at international conferences.
Salleh holds a Bachelor of Business (Hons) in Accounting & Finance and also a Master of Business (Accounting) from Edith Cowan University, Australia. He is a Fellow and member of the Board of Directors of the Institute of Corporate Directors Malaysia (ICDM).
Director, Business Development & Partnerships
Having more than 20 years of experience in the capital markets and related financial services industry, Faridah’s career began in early 1990’s with Aseambankers Malaysia Berhad in Project Finance and later in Corporate Banking. During the financial crisis in late 90’s Faridah joined Danaharta Managers Sdn Bhd in 1999 (the organisation responsible for recovering Sime Bank’s bad loans). She was tasked with overseeing the restructuring and recovery of more than 30 local and foreign non-performing loans for large corporations with average exposures of more than RM100 million.
In 2006, Faridah joined RHB Investment Bank Berhad in the Managing Director’s Office. In the decade spent with RHB, she managed various special projects and business transformation as well as corporate strategy, amassing invaluable experience in key organisational transformation approach.
Faridah was part of the team that oversaw the 5-year strategic initiatives under RHB Banking Group (IGNITE) and improving productivity and efficiency project (ASAP) for RHB Investment Bank.
Faridah holds a BSc in Accounting and Finance from the London School of Economics and Political Science, United Kingdom.
Director, Programme Development
Sivalingam Navaratnam is the Director of Programme Development, responsible for developing training programmes relating to human capital competency development. In addition to serving the local capital market industry, he also works closely with international regulators and funding agencies in developing training initiatives for the ASEAN and APEC markets.
Sivalingam joined the Securities Commission Malaysia (SC) in 1998 and has played a key role in the development and implementation of the Continuous Professional Education (CPE) programme, the Capital Market Graduate Training Scheme (CMGTS), Bumiputera Training Fund (BTF), Industry Transformation Initiative (ITI) and the SC’s flagship programmes, namely the Emerging Markets Programme (EMP) and Islamic Markets Programme (IMP).
Prior to joining the SC, Sivalingam was a senior lecturer of finance at a local training institute and an auditor in Ernst & Young. His areas of expertise include development of human capacity building strategies and curriculum frameworks for capital market development, programme design, development and delivery of training models, evaluation and programme quality control.
Sivalingam completed the examinations of the Chartered Institute of Management Accountants (CIMA), UK and holds a Masters in Business Administration from the University of Strathclyde, UK. He is also a Certified Training Professional.