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
Syed Zaid Albar is the Executive Chairman of the Securities Commission Malaysia (SC). Prior to his appointment as the SC Chairman on 1 November 2018, he was the Managing Partner of Albar & Partners.
Currently, Syed Zaid chairs the Capital Market Development Fund (CMDF) and is a member of the Board of the Financial Reporting Foundation. He was also appointed as a Board member of Securities Industry Development Corporation (SIDC) in January 2020.
Syed Zaid represents the SC as the Asia Pacific representative on the governing Board of the International Organisation of Securities Commissions (IOSCO), the global body of capital market regulators.
Syed Zaid has a degree in law from the United Kingdom. He is a Barrister at Law of the Lincoln’s Inn, UK and an Advocate and Solicitor of the High Court of Malaya. He has over 38 years’ experience in legal practice predominantly in the fields of corporate law, capital market, conventional banking and Islamic finance.
He has been recognised for his contribution and achievements in the legal practice through numerous domestic and international awards.
With his experience in finance and law, Syed Zaid has served on the Islamic Law Review Committee of Bank Negara Malaysia and the Appeals Committee of Bursa Malaysia Berhad. He has also served on the boards of several public listed companies in Malaysia.
Datuk Syed Zaid Albar
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
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
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
Datin Teh Ija Jalil was appointed as Director on 29 January 2020.
She is currently an Independent Non-Executive Director of HSBC Bank Malaysia Berhad where she is a member of the Audit Committee and Risk Committee. In addition, she is a director of the Finance Accreditation Agency Berhad (FAA) where she also chairs the Human Capital Development and Compensation Committee.
Datin Teh graduated with a Bachelor of Arts (Honours) from University of Malaya and Master of Business Administration from Southern New Hampshire University. She began her career in the civil service and built her competency in the area of economic policy-making and international trade and finance through her 24 years in government. She joined the Securities Commission in 2000 and retired from the regulatory body in 2017 after serving 17 years in various capacities including as Head of SIDC, Executive Director, Corporate Resources and as Advisor of Special Projects in the Chairman’s Office. During her time in the SC, she was involved in capital market policies development and regulation, human capital development and training and education, including professional and investor education.
Her other experience included trade and financial services negotiations as Malaysia’s Lead Financial Services Negotiator in the World Trade Organization, Association of Southeast Asian Nations and Asia–Pacific Economic Cooperation as well as representing the Ministry of Finance (“MoF”) in World Bank, International Monetary Fund, APEC Finance Ministers meetings during her tenure with MoF from 1990 to 1999.
Datin Teh Ija Jalil
Faridah is the Chief Financial Officer of Khazanah Nasional Berhad. She joined Khazanah in 2006 after building a career in accountancy and finance with PricewaterhouseCoopers Malaysia and BP Malaysia.
In Khazanah, Faridah delivered several notable Islamic Finance transactions including the world’s first exchangeable sukuk and the inaugural retail offering of Sukuk Ihsan, Khazanah’s sustainable and responsible investment sukuk.
Faridah graduated from Lancaster University in Accounting & Finance. She is a member of the Malaysian Institute of Accountants and a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW).
Faridah Bakar Ali
Chief Executive Officer
Appointed in 2019, Tengku Zarina is the Chief Executive Officer of the Securities Industry Development Corporation (SIDC), the training and development arm of Securities Commission Malaysia (SC).
She brings with her over 29 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/Head, Innovation, Advisory & Industry Engagement
Sarimah Ramthandin is the Head and Director of Innovation, Advisory & Industry Engagement. Her primary role consists of identifying areas in strategic capacity building and to develop innovative solutions for the capital market industry. In addition, Sarimah successfully led the expansion of SIDC into a learning and development consultancy specialising in talent development for the capital market. 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 is a regular speaker, sharing her experiences in implementing financial literacy and financial capability strategies and innovative programmes at various international forums. She has made several 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/Head, Professional Standards & Qualifications
Salleh Hassan brings with him years of experience in corporate governance and professional education.
Salleh is currently the Director of Professional Standards & Qualifications. He oversees 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). Prior to this, he had led other portfolios including corporate services, consultancy and industry insights.
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, Client Engagement
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.