In a statement, it said Labuan IBFC is the official promotional and marketing agency for Labuan International Business and Financial Centre (Labuan IBFC) and a wholly-owned subsidiary of Labuan Financial Services Authority (Labuan FSA).

Iskandar commenced his career at Bank Negara Malaysia in 1990 and was seconded to Labuan FSA in 1996 as part of the pioneer team. Subsequently, he joined Labuan FSA and was promoted to the position of deputy director-general of Labuan FSA.

He is a trained lawyer by profession and also a certified financial investigator.

During his tenure in Labuan FSA, he supervised several core departments including the business authorisation department; legal, prosecution and investigation department; tax and business policy department; human resource, administration and finance department as well as the corporate communications department.

Cumulatively, Iskandar has over 30 years of experience serving in the financial services industry, specifically in regulatory and supervisory agencies.

He previously served on the boards of Labuan IBFC and Labuan International School.

He was also a former founding member of both the executive committee of the National Anti-Financial Crime Centre (NFCC) and the National Coordination Committee to Counter Money Laundering (NCC) of Malaysia.

He was also part of the first task force that managed the offshore centre assessment programme conducted by the Asia Pacific Group on Money Laundering (APG) on Labuan IBFC.

Additionally, he chaired the initiative to overhaul and modernise Labuan IBFC’s entire legal framework between 2008 and 2010.

“Iskandar will continue to provide strategic leadership and direction to Labuan IBFC, overseeing its operations, and driving the international business and financial centre’s next phase of growth and development.

“His reappointment reflects the continuous commitment of Labuan FSA and the government to position Labuan IBFC as Malaysia’s premier international financial hub,” said Labuan IBFC.