KUALA LUMPUR: Senior deputy Bank Negara Malaysia governor Datuk Muhammad Ibrahim has been appointed the new head of the central bank.
The Prime Minister's Office today announced that Muhammad's appointment takes effect from May 1.
The Harvard University graduate has been the deputy governor since 2010.
The government also thanked outgoing governor Tan Sri Dr Zeti Akhtar Aziz for her excellent services as the seventh governor. Zeti has helmed the central bank for 16 years.
Muhammad joined BNM in 1984 and served in the areas of bank regulation and supervision, strategic planning, payment systems, insurance, offshore banking and treasury and financial markets.
Muhammad holds a Masters Degree from Harvard University, an accounting degree from the University of Malaya and a Postgraduate Diploma in Islamic Banking and Finance from the International Islamic University Malaysia.