Danajamin Nasional, a state-owned Malaysian financial guarantee insurer, has appointed Mohamed Nazri Omar as its new CEO, effective May 2.
“The board is confident that Nazri will continue to maintain the momentum to fulfil Danajamin’s role as a catalyst to stimulate and further develop Malaysia’s capital markets,” chairman Mohammed Hussein said.
Nazri Omar joined the company in 2011, working as the insurer’s director of client coverage.
He started his career at Citibank and subsequently served in Macquarie Bank, RHB Sakura Merchant Bankers and Kuwait Finance House.
Danajamin was established by the Malaysian government with the objective to provide financial guarantee, a credit enhancement to bond and sharia-conform sukuk issuances to help companies raise long-term fixed-rate market financing, complementing funding through the banking sector.
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