A new chief takes over at the jurisdiction's main financial regulator.

The financial authority of Labuan, the offshore jurisdiction off the coast of eastern Malaysia, has appointed Encik Danial Mah bin Abdullah as its new director-general for a three-year term, taking effect on 3 October.

Encik Danial Mah takes up the role at the Labuan Financial Services Authority after the completion of Datuk Ahmad Hizzad bin Baharuddin’s secondment to that body.

Encik Danial Mah has been deputy DG of Labuan FSA, a position he has held since 2007. He is also the chairman of the credit risk, investment and risk management committee, the asset management committee and the talent management committee of Labuan FSA. He is also the secretary to the Authority of Labuan FSA. He joined that organisation in 1997.