Labuan IBFC Inc announces new CEO - Labuan IBFC Inc

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Farah Jaafar-Crossby to take helm of the midshore jurisdiction’s promotion and marketing arm

Kuala Lumpur, 27 December 2017 – Labuan International Business and Financial Centre Incorporated Sdn Bhd (Labuan IBFC Inc), the official promotion and marketing agency for Labuan International Business and Financial Centre, Malaysia, has appointed Farah Jaafar-Crossby as its new Chief Executive Officer.

Farah, who currently heads the Marketing Intelligence and Strategic Communications unit, will assume the role on January 1, 2018.

“After a vigorous selection process, the Board is pleased to announce Farah’s appointment as CEO of Labuan IBFC Inc. She brings with her years of experience in financial services from both the onshore and offshore perspectives, and is the best candidate to assume the leadership role to promote Labuan IBFC,” said Dato Azlan Mohd Hashim, Chairman, Labuan IBFC Inc.

“Farah brings unique perspectives in her ability to translate vision and strategy into execution. This combined with her deep industry knowledge in both financial services and marketing makes her the natural choice to lead Labuan IBFC Inc.,” Dato Azlan added.

“The opportunities that lie ahead for Labuan IBFC are enormous and it is deeply humbling and exciting to be able to take on this responsibility especially as the jurisdiction is set to undergo a transformative period. I look forward to working together with all stakeholders in better articulating Labuan IBFC’s unique value propositions as we work together to enhance Labuan IBFC’s global and domestic profile,” said Farah.

A law graduate from University of Sheffield, she was previously General Manager of the Association of Stock Broking Companies Malaysia, and had worked with the Bursa Malaysia as well as the Asian Institute of Finance.

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MEDIA CONTACTS:

LABUAN IBFC

Audrey Liew

audrey@libfc.com
Tel: +603 2773 8975
Mobile: +6012-913 8979

Geraldine Lim

geraldine@libfc.com
Tel: +603 2773 8991
Mobile: +6012-253 8666

ABOUT LABUAN IBFC

ASIA PACIFIC’S MIDSHORE INTERNATIONAL BUSINESS AND FINANCIAL CENTRE

Labuan International Business and Financial Centre (Labuan IBFC) offers global investors and businesses the benefits of being in a well-regulated midshore international business and financial centre, which provides fiscal neutrality and certainty, in addition to being an ideal location for substance creation.

Located off the North West coast of Borneo, Labuan IBFC provides access to Malaysia's network of more than 80 double taxation agreements and boasts Asia’s widest range of business and investment structures for cross-border transactions, international business dealings and wealth management needs.

Well-supported by a robust, internationally recognised yet business-friendly legal framework, Labuan IBFC operates within clear and comprehensive legal provisions and industry guidelines, enforced by its single regulator, Labuan Financial Services Authority.

With a focus on enabling cross-border transactions, providing risk management structures, Islamic financial services, commodities trading incentives and wealth management vehicles, we offer solutions to regional businesses going global or global businesses looking at penetrating Asia’s burgeoning markets.

Labuan IBFC also serves as a hub for Islamic finance, especially in the areas of Sukuk issuance and listing, takaful and re-takaful, Shariah-compliant captive structures and Islamic trusts and foundations.

ABOUT LABUAN IBFC INCORPORATED SDN BHD

Labuan IBFC Incorporated Sdn Bhd (Labuan IBFC Inc) is the official promotion and marketing agency for Labuan International Business and Financial Centre (Labuan IBFC), and is a wholly-owned unit under the Labuan Financial Services Authority, the statutory body responsible for the development and administration of the Labuan IBFC.

Labuan IBFC Inc works closely with the industry and relevant stakeholders to support and promote Labuan IBFC’s unique position as the leading midshore jurisdiction in the Asia Pacific.

It boasts dedicated communications, marketing, research and business development teams, and serves as a convenient first point of contact for those looking to explore Labuan IBFC’s broad range of business and wealth management structures, in both the conventional and Islamic spaces.