Press Release - Labuan FSA Announces Appointment of New Chairman and Board Members for its Subsidiaries
Labuan Financial Services Authority Announces Appointment of New Chairman and Board Directors for Its Subsidiaries -
Labuan IBFC Inc. Sdn Bhd and Pristine Era Sdn Bhd
Labuan IBFC Inc. Sdn Bhd and Pristine Era Sdn Bhd
9 May 2025: Labuan Financial Services Authority (Labuan FSA) is pleased to announce the appointment of new board members to its two subsidiaries, reflecting the Authority’s ongoing efforts to strengthen governance and strategic oversight across its group entities.
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., effective 12 March 2025, for a two-year term. Both individuals currently serve as Authority Members of Labuan FSA.
In a similar move, Labuan FSA’s Authority has also appointed Datuk Hisham Rusli as Chairman and Mr. John Patrick Antonysamy as a member of the Board of Directors of Pristine Era Sdn. Bhd., effective 14 March 2025, also for a two-year term. Both Datuk Hisham and Mr. John Patrick are also serving as Authority Members of Labuan FSA.
The appointees bring extensive experience across financial services, public administration, and Islamic finance. Mr. Steven Choy currently serves as the Non-Independent Non-Executive Chairman of Zurich Life Insurance Malaysia Berhad and Zurich General Insurance Malaysia Berhad, while Datuk Hisham Rusli is the Deputy Chief Executive Officer (Compliance) of the Inland Revenue Board of Malaysia.
Dr. Aida Othman is an expert in Shariah advisory and Islamic finance. Mr. John Patrick Antonysamy has 30 years’ experience in government service, including senior roles in the Ministry of Finance and international engagements in taxation and economic policy.
The Board of Authority of Labuan FSA wishes to extend its congratulations to the newly appointed members to the board of its subsidiaries. Their collective expertise is expected to complement the existing leadership and support the continued advancement of Labuan IBFC Inc. and Pristine Era Sdn. Bhd. The Authority is confident that these appointments will further enhance Labuan IBFC Inc.’s efforts in promoting Labuan as a preferred international business and financial centre, while strengthening Pristine Era’s role in delivering quality international education in Labuan.
Labuan Financial Services Authority
9 May 2025
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., effective 12 March 2025, for a two-year term. Both individuals currently serve as Authority Members of Labuan FSA.
In a similar move, Labuan FSA’s Authority has also appointed Datuk Hisham Rusli as Chairman and Mr. John Patrick Antonysamy as a member of the Board of Directors of Pristine Era Sdn. Bhd., effective 14 March 2025, also for a two-year term. Both Datuk Hisham and Mr. John Patrick are also serving as Authority Members of Labuan FSA.
The appointees bring extensive experience across financial services, public administration, and Islamic finance. Mr. Steven Choy currently serves as the Non-Independent Non-Executive Chairman of Zurich Life Insurance Malaysia Berhad and Zurich General Insurance Malaysia Berhad, while Datuk Hisham Rusli is the Deputy Chief Executive Officer (Compliance) of the Inland Revenue Board of Malaysia.
Dr. Aida Othman is an expert in Shariah advisory and Islamic finance. Mr. John Patrick Antonysamy has 30 years’ experience in government service, including senior roles in the Ministry of Finance and international engagements in taxation and economic policy.
The Board of Authority of Labuan FSA wishes to extend its congratulations to the newly appointed members to the board of its subsidiaries. Their collective expertise is expected to complement the existing leadership and support the continued advancement of Labuan IBFC Inc. and Pristine Era Sdn. Bhd. The Authority is confident that these appointments will further enhance Labuan IBFC Inc.’s efforts in promoting Labuan as a preferred international business and financial centre, while strengthening Pristine Era’s role in delivering quality international education in Labuan.
Labuan Financial Services Authority
9 May 2025
FOR FURTHER INFORMATION, PLEASE CONTACT:
Corporate Communication & External Relations Unit
Tel : +603-8873 2000 Fax : +603-8873 2209
E-mail: communication@labuanfsa.gov.my
Website:www.labuanfsa.gov.my
