Bank Negara Malaysia (BNM) has given its approval to Avicennia Capital Sdn Bhd to appoint Alexander Ankel as chief executive officer (CEO).

In a statement here today, Avicennia Capital, Khazanah Nasional Bhd’s insurance holding company, said last week BNM had approved the appointment of six directors
for the company.

BNM also approved Ankel appointment as executive director of the company, it said.

Prior to his appointment, Ankel was regional CEO of Allianz Asia-Pacific.

He has over 25 years experience in life and general insurance in Asia and Europe.

Avicennia Capital said one of Ankel’s tasks is to expand the firm’s presence in Asean, including Malaysia, Indonesia, Philippines, Singapore, Thailand and Turkey.

The members of the board of directors approved were Raja Arshad Raja Uda, Joseph Dominic Silva, Syed Muhamad Syed Abdul Kadir, Pushpanathan Kanagarayar and
Mustafa Kemal Olgac.