Bank Negara Malaysia announced that it has given its approval to Avicennia Capital Sdn Bhd to appoint Alexander Ankel as chief executive officer (CEO). BNM had approved the appointment of six directors for the company. BNM also approved Ankel appointment as executive director of the company. Prior to his appointment, Ankel was regional CEO of Allianz Asia-Pacific. Avicennia Capital reported that one of Ankel's tasks was to expand the firm's presence in Asean, including including Malaysia, lndonesia, Philippines, Singapore, Thailand and Turkey. The members of the board of directors approved were Raja Tan Sri Arshad Raja Tun Uda, Joseph Dominic Silva, Datuk Dr. Syed Muhamad Syed Abdul Kadir, Pushpanathan Kanagarayar and Mustafa Kemal Olgac.