CAPITAL MARKET ADVISORY COUNCIL

A Capital Market Advisory Council was appointed by the SC to advise on issues relating to the implementation of the CMP.

The advisory council was identified in the CMP, as a key element of the implementation process. Its role is to advise the SC on, among other things, the developments in global and domestic capital markets and their potential implications for Malaysia, and to provide independent views on the progress of implementation of the CMP. The CMP was launched by the Minister of Finance, Tun Daim Zainuddin on 22 February 2001.

The advisory council is also involved in efforts to promote and facilitate smooth implementation of the CMP, and to advise on areas where further enhancements may be required to reflect evolving market developments.

Fifteen members from the capital market industry, comprising senior domestic and foreign capital market participants and specialists providing representation over a spectrum of capital market activities, have been appointed. They include several members of the Captal Market Strategic Committee (CMSC) that were involved in the formulation of the CMP.

The advisory council is chaired by the SC Chairman and comprise the following members:

• Dato' Azman Yahya, Chairman, Pengurusan Danaharta Nasional Bhd;
• Tan Sri Dato' Francis Yeoh, Managing Director, YTL Corporation Bhd;
• Dr R. Thillainathan, Finance Director of Genting Bhd;
• Raja Datuk Arshad Raja Tun Uda, Executive Chairman, PricewaterhouseCoopers;
• Dato' Megat Najmuddin Megat Khas, Chairman, Pernas International Holdings Bhd;
• Datuk Mohaiyani Shamsudin, Managing Director, Mohaiyani Securities Sdn Bhd;
• Dato' Abdul Azim Mohd Zabidi, Chairman, Bank Simpanan Nasional;
• Iskander Ismail, Executive Director, Amanah SSCM Asset Management Bhd;
• Dato' Seri Hwang Sing Lue, Managing Director, Hwang-DBS Securities Bhd;
• Dato' Dr Abdul Halim bin Haji Ismail, Executive Chairman, BIMB Securities Sdn Bhd;
• Jeyaratnam Tarmotharam Pillai, Chief Executive Officer, Alliance Merchant Bank Bhd;
• Hamzah Mahmood, Chief Executive Officer, Mayban Securities Sdn Bhd;
• Chok Kwee Bee (Ms), Executive Director, BI Walden Management Sdn Bhd;
• Daisuke Takeuchi, Head of Asia Oceania, Nomura Co, Ltd, Japan; and
• Stephen M. Taran, Managing Director, Corporate Bond Research, Salomon Smith Barney, New York.