Nor Mohamed Yakcop
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Nor Mohamed Yakcop is currently the Second Finance Minister of Malaysia, a post he has held since 2004; the First Finance Minister is Prime Minister Abdullah Ahmad Badawi. He is a member of the Executive Committee of the National Economic Action Council. In 2002 he was appointed the director of Khazanah Nasional. As a Special Economic Adviser to the Prime Minister he plays a major role on companies like United Malaysia Berhad and MAS airlines.
He is currently serving in the Dewan Negara, the upper house of the Parliament of Malaysia.
Previously, he served with Bank Negara, the Malaysian central bank, from 1968 to 2000. During his time in Bank Negara he was responsible for the implementation of a number of major projects, including the implementation of Islamic banking in Malaysia, the setting-up of the bilateral payments mechanism between Bank Negara Malaysia and Central Banks of South-South countries and the setting-up of the Rating Agency Malaysia Berhad. He was also involved in a currency speculation scandal in the early 1990s, where Bank Negara lost up to RM30 billion.[1]
[edit] Notes and references
- ^ Aziz, Fauwaz Abdul (Jul. 25, 2006). Forex scandal: Jaffar 'knew about losses'. Malaysiakini.
