Dato Azizan keeps his job as LOFSA DG for another two years.
Labuan Offshore Financial Services Authority The Financial Services Authority ("FSA") is an independent non-departmental public body and quasi-judicial body that regulates the financial services industry in the United Kingdom. Its main office is based in Canary Wharf, London, with another office in Edinburgh. (LOFSA) has extended Dato' Azizan Abd Rahman's tenure as the Director-General of LOFSA for another two years with effect from 1 July 2009. Dato' Azizan has held the position as the Director-General of LOFSA since July 2005.
Dato' Azizan began his career in the Banking Supervision Department of Bank Negara Malaysia Bank Negara Malaysia or BNM is the Malaysian central bank. Its headquarters is located in Kuala Lumpur, the capital of Malaysia, and was established on January 26, 1959 (as the Central Bank of Malaya or Bank Negara Tanah Melayu (BNM) in 1979. Dato' Azizan's career at BNM spanned several positions in the areas of finance, supervision and examination. While in BNM, he was a member of the Boards and investment committees of several Government bodies.
Currently, Dato' Azizan is a Board Member and Chairman of the Audit Committee of Labuan Corporation. He also serves as an Exco member of the Malaysia International Islamic Financial Centre.
Dato' Azizan graduated with a Bachelor's Degree (Hons) in Accounting from the University of Malaya The University of Malaya (or Universiti Malaya in Malay; commonly abbreviated as UM) is the oldest university in Malaysia, and is situated on a 750 acre (3.0 km²) campus in southwest Kuala Lumpur, the capital city. and Masters Degree in Business Administration from the University of Queensland The University of Queensland (UQ) is the longest-established university in the state of Queensland, Australia, a member of Australia's Group of Eight, and the Sandstone Universities. It is also a founding member of the international Universitas 21 organisation. , Australia. He is a member of CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. (Australia) and a Chartered Accountant of the Malaysian Institute of Accountants Malaysian Institute of Accountants (MIA) is a professional accountancy body in Malaysia. It is the sole organisation in Malaysia with the right to award this designation. External links
As the Director-General of LOFSA, Dato' Azizan has overseen the realisation of several key initiatives to position Labuan as a premier international business and financial centre, including the rebranding of Labuan in January 2008 as Labuan International Business and Financial Centre (IBFC), establishment of a separate entity that undertakes the promotion and marketing of Labuan IBFC, and the flexibility of co-location for Labuan holding companies in Kuala Lumpur as part of the national financial liberalisation measures.
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