MMAG Holdings Berhad announced the appointment of Encik Azman Bin Mat Ali as Independent and Non Executive Director and Member of Remuneration and Nomination Committee of the company. Age: 61. Date of change: January 3, 2024.

Composition of Remuneration Committee (Name and Directorate of members after change): Chairman: Dato' Sok One A/L Esen (Independent Non-Executive Director); Members: Mr. Yeap Say Woi (Independent Non-Executive Director) and En. Azman Bin Mat Ali (Independent Non-Executive Director). Composition of Nomination Committee (Name and Directorate of members after change): Chairman: Dato' Sok One A/L Esen (Independent Non-Executive Director); Members: Mr. Yeap Say Woi (Independent Non-Executive Director) and En.

Azman Bin Mat Ali (Independent Non-Executive Director). Qualifications: Masters- Business Administration, Drake University, Des Moines, Iowa, U.S.A. Degree- Bachelor in Business Administration, Iowa University, Ames, Iowa, U.S.A. Working experience and occupation: En. Azman is an accomplished professional whose illustrious career unfolded within the esteemed Bank Negara Malaysia (the Central Bank of Malaysia), spanning from 1988 to 2023, during which he held various senior positions and made substantial contributions to the financial sector.

En. Azman's journey at Bank Negara Malaysia began in the Investment and Treasury Department, where he demonstrated his financial acumen as a Foreign Exchange Trader from 1988 to 1999, developing and executing foreign exchange strategies that consistently outperformed the Banks multi-currency benchmark portfolio. Subsequently, from 1999 to 2002, he transitioned to the role of Bond Trader, where his expertise in interest rate strategies contributed to the banks impressive portfolio performance.

His leadership also extended to the international stage when he served as the Chief of London Representative Office from 2006 to 2010, managing the Banks multi-currency reserves portfolio to exceed benchmark expectations. In 2016, En. Azman assumed the pivotal role of Director of Foreign Exchange Administration Department, where he was entrusted with the formulation and administration of foreign exchange policies, playing a vital role in managing capital flows and mitigating Malaysian entities exposure to foreign-denominated debts.

He recently retired as the Director of Currency Management and Operations Department, a position where he had held since 2018. During his tenure Currency Management and Operations Department, he was tasked with overseeing critical initiatives such as the issuance of new series banknotes and coins in 2012, the development and operationalisation of the Automated Cash Centre in 2016, and the development and implementation of the Currency Act 2020. Directorships in public companies and listed issuers (if any): Velocity Capital Partner Berhad (Formerly known as CSH Alliance Berhad).