Labuan IBFC Inc. Announces Appointment Of New Chairman And Member Of The Board

KUALA LUMPUR, May 21 (Bernama) — Mr. Steven Choy Khai Choon has been appointed as Chairman, and Dr. Aida Othman as a member of the Board of Directors of Labuan IBFC Incorporated Sdn Bhd (Labuan IBFC Inc.). Both appointments, effective from 12 March 2025, are for a two-year term. They currently serve as Authority Members of Labuan Financial Services Authority (Labuan FSA).

Mr. Steven Choy currently serves as the Independent Non-Executive Chairman of Zurich Life Insurance Malaysia Bhd. He is also the Deputy Chairman and a member of both the Audit Committee and the Nomination & Remuneration Committee of Deutsche Bank Malaysia Bhd. In addition, he sits on the boards of Zurich General Insurance Malaysia Bhd, Hap Seng Plantations Holdings Bhd, Bond and Sukuk Information Platform Sdn Bhd, and Asian Banking School Sdn Bhd.

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