Emily Vogl, Frank Vogl
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Dato` Sri Omar Abdul Wahid of Malaysia becomes Co-Chairman of IIF’s Emerging Markets Advisory Council
Washington D.C., September 25, 2011 — Dato` Sri Omar Abdul Wahid, President and Chief Executive Officer, Malayan Banking Berhad, has been elected as Co-Chairman of the Institute of International Finance’s Emerging Markets Advisory Council (EMAC).
The announcement was made following today’s meeting of EMAC by its Co-Chairmen, Mr. Ibrahim Dabdoub, Group Chief Executive Officer, National Bank of Kuwait, and Roberto E. Setubal, President & CEO, Itaú Unibanco Banco S/A and Vice Chairman of the Board Itaú Unibanco Holding S/A. Dato` Sri Omar Abdul Wahid will succeed to Mr. K.V. Kamath who will step down from the EMAC. He has recently been named Chairman of Infosys Technologies, India. Mr. Kamath remains Chairman of the Board of ICICI Bank Ltd.
EMAC comprises 40 senior executives of major financial services firms headquartered in emerging markets and it advises the Board of Directors of the Institute of International Finance. The IIF is the leading global association of financial services firms with over 440 member institutions.
Mr. Setubal expressed his appreciation for the distinguished role Mr. Kamath has played in helping to enrich the work of the Council with his vision, leadership and commitment and wished him well in his new position at the helm of a global technological company in his country.
Mr. Dabdoub welcomed Mr. Wahid and underlined the importance of further strengthening the voice and representation of Asian financial institutions in the Council as a recognition of the growing role of Asia in the world’s economy and global financial system.
At its meeting in Washington DC today, the EMAC reviewed global economic and financial conditions with special reference to the prevailing uncertainties in global financial markets and the global economy as these may impact emerging markets. In a separate meeting with senior central banking and regulatory officials from emerging markets economies, Council members had a fruitful exchange of views on today’s most critical economic and financial issues.
EMAC also considered the impact of Basel III and other financial regulatory reforms on emerging markets. In this regard, the EMAC announced that Mr. Mr. H. Ersin Özince, Chairman, Türkiye Is Bankasi A.S.A, has agreed to be the Chairman of the EMAC Working Group on Regulatory Reform.
Emily Vogl, Frank Vogl