KUALA LUMPUR: Bursa Malaysia Bhd has confirmed that it is embarking on a succession plan in response to media reports suggesting that its CEO and executive director, Umar Swift, is considering leaving the company.
The bourse said it “has in place a talent development and succession plan which considers both internal and external candidates as potential future leaders of the company”.
“In this respect, the board of Bursa, through its nomination and remuneration committee, is currently embarking on CEO succession,” it said in a stock exchange filing today.
Media reports have indicated that Umar’s position could be taken up by Fad’l Mohamed, the current managing director of group wholesale banking at RHB Bank Bhd.