MASB Profile

Encik Mohamed Raslan Abdul Rahman

Chairman, Malaysian Accounting Standards Board

Encik Raslan, a graduate of University of Melbourne with a Bachelor of Commerce, is a Fellow Member of the Institute of Chartered Accountants in Australia, former Vice President and Council Member of the Malaysian Institute of Certified Public Accountants (MICPA), former Council Member of the Malaysian Institute of Accountants (MIA) and has chaired its disciplinary and investigation committees, and Associate Member, Malaysian Institute of Cooperative & Management Auditors (ICMA). Encik Raslan was an EXCO member and Treasurer of TI-Malaysia. He was a partner in KPMG from 1994 to 2018, carrying out audit and advisory work. Encik Raslan was also the Managing Partner in KPMG from 2010 to 2013.



Accountant General of Malaysia, Accountant General’s Department of Malaysia

Dr. Yacob Bin Mustafa, C.A(M), CPFA (UK), CPA (Aust) is the new Accountant General of Malaysia effective on 30th October 2019.

He started his career in 1987, serving various government departments and divisions such as the Accountant General’s Department, Government Investment Companies Division, Ministry of Finance; and Malacca State Development Authority. He was Deputy Accountant General (Corporate) then Deputy Accountant General (Operation) before appointed as Acountant General of Malaysia.

He holds a Degree of Accounting from Universiti Malaya; and a Master Degree of Business Administration, from Universiti Kebangsaan Malaysia.  He obtained his PhD in Economics, from the Universiti Kebangsaan Malaysia in 2010.

Presently, he is serving as Member, Board of Directors of Lembaga Pembiayaan Perumahan Sektor Awam (LPPSA), DanaInfra Nasional Berhad (DanaInfra) and Perbadanan Insurans Deposit Malaysia (PIDM). He was also appointed as the MIA Council member on 7 December 2017 till present.


Encik Chan Hooi Lam

Partner, Malaysia Financial Services Assurance Leader & Malaysia Financial Accounting Advisory Services (FAAS) Leader, Ernst & Young Malaysia

Encik Chan Hooi Lam has over 26 years of experience in providing assurance and advisory services, particularly in the financial services industry. He is the Malaysia and ASEAN Financial Services Assurance Leader of Ernst & Young.

His experience includes audits and specialised advisory work for large banking groups, investment banks, mortgage corporations, building society, brokers, asset management companies, the integrated exchange and the deposits insurance corporation. Encik Chan has advised clients on appropriate accounting treatment of various exercises including those involving issuances of financial instruments, structured financing, securitisation, economic hedging and hedge accounting, individual and collective impairment assessments, mergers and acquisitions, share-based payments, regulatory capital instruments, synthetic instruments and embedded derivatives, under conventional and Islamic principles, in Malaysia and overseas. He has also advised and assisted various clients on Malaysian Financial Reporting Standards (MFRS) and International Financial Reporting Standards (IFRS) conversion and implementation, including MFRS 7 Financial Instruments: Disclosures and MFRS 139 Financial Instruments: Recognition and Measurement (the Malaysian equivalents of IFRS 7 and IAS 39), and the IAS 39 replacement standard i.e. IFRS 9 Financial Instruments, in Malaysia and the Asian region.

A frequent speaker for seminars, conferences and training programmes, Encik Chan has been the project manager for Malaysian Accounting Standards Board (MASB) Working Group on financial instruments, an adjudicator for National Annual Corporate Report Awards (NACRA) and an examiner for professional qualification examination.

Encik Chan graduated from the University of Malaya as Bachelor of Accounting (Honours) and is a member of the Malaysian Institute of Accountants (MIA) and the Malaysian Institute of Certified Public Accountants (MICPA). 



Partner, Audit & Assurance, Baker Tilly Malaysia

Encik Lee Kong Weng is a Chartered Accountant of the Malaysian Institute of Accountants, a member of the Malaysian Institute of Certified Public Accountants as well as a member of Chartered Accountants Australia & New Zealand. He holds a Bachelor of Accounting (Hons.) from University of Malaya.

Encik Lee began his professional career with Arthur Anderson & Co (now merged with Ernst & Young). In 2000, he joined Classic Scenic Berhad Group, one of the largest wooden picture frame moulding manufacturers in Malaysia, as a Finance Manager and was promoted to the position of the Group Financial Controller in 2002. He played a significant part in listing the Group on the Second Board of Bursa Malaysia in 2004 and subsequently, on the Main Board of Bursa Malaysia in 2006. Eventually, he left the Group and joined Moore Stephens AC (now merged with Baker Tilly Malaysia). Currently, Encik Lee is a Technical Partner of Baker Tilly Malaysia as well a member of Baker Tilly Asia Pacific Audit & Assurance Committee.

Encik Lee’s audit experience spans across a wide array of industries including manufacturing, property development, construction, hospitality, plantation, trading, logistics, retail and services - many of which are public listed and multinational companies. He also has experience in financial due diligence and acting as a reporting accountant for initial public offerings and other corporate exercises. He also conducts trainings and workshops on new and existing accounting standards for both his internal staff and external corporate clients.


Dato’ Mohamed Rafique Merican Bin Mohd Wahiduddin Merican

Group Chief Executive Officer, Islamic Banking, Maybank

Chief Executive Officer, Maybank Islamic Berhad

Dato’ Mohamed Rafique Merican is currently the Group Chief Executive Officer, Islamic Banking, Maybank and Chief Executive Officer of Maybank Islamic Berhad effective from 1 July 2016.

As the Group Chief Executive Officer, Islamic Banking, Maybank and Chief Executive Officer, Maybank Islamic Berhad, Dato’ Rafique plays a leading role in managing and overseeing the overall Islamic banking franchise of Maybank Group and ensures that it operates on a parallel platform, leveraging on the Group's resources. At present, his responsibilities include formulating business strategy for the Group’s Islamic Banking business including Maybank Islamic’s products development and delivery, marketing support, risk and Shariah-compliance management as well as spearheading the expansion of Group Islamic Banking within ASEAN and globally.

Dato’ Rafique was previously the Group Chief Financial Officer of Maybank Group from June 2012 till June 2016.

Dato’ Rafique has more than 25 years of experience in the corporate sector, including 5 years as Chief Financial Officer of Tenaga Nasional Berhad (TNB) and Malakoff Berhad. Prior to joining TNB in 2009, he served at Radicare (M) Sdn Bhd, the facilities management concessionaire for hospitals as its Chief Operating Officer initially and subsequently as its Chief Executive Officer. He also held corporate finance and advisory roles with Amanah Capital Group and Bumiputra Merchant Bankers Berhad in the early part of his career.

Dato’ Rafique is a Fellow of the Association of Chartered Certified Accountants (ACCA), United Kingdom; Chartered Accountant with the Malaysian Institute of Accountants (MIA) and Alumni of the Advanced Management Programme at Harvard Business School.

Currently, Dato’ Rafique serves as President Commissioner of PT Bank Maybank Syariah Indonesia; Non-Independent Non-Executive Director of ETIQA Family Takaful Berhad; Executive Director of ETIQA General Takaful Berhad; Non-Independent Non-Executive Director of Maybank Islamic Asset Management Sdn Bhd; Council Member of the Association of Islamic Bank Institutions Malaysia (AIBIM); Member of the Malaysian Accounting Standards Board (MASB); Chairman of the Board of Directors of the Islamic Banking and Finance Institute Malaysia (IBFIM); Member of the Executive Committee of the Asian Institute of Finance (AIF); Member of the Asian Institute of Finance-IBFIM Board of Trustees and Council Member of the CNBC Global CFO Council.


Tengku Dato' Sri Azmil Zahruddin Raja Abdul Aziz

Deputy Managing Director, Khazanah Nasional Berhad

Tengku Dato' Sri Azmil joined Khazanah as an Executive Director of Investments in October 2011. His main role is overseeing new investments and divestments in sectors within his portfolio. He has been appointed as a Deputy Managing Director effective from January 2018.

Prior to joining Khazanah, Tengku Dato’ Sri Azmil was the Managing Director / Chief Executive Officer of Malaysia Airlines, having served as the airline’s Executive Director / Chief Financial Officer in August 2005. He also functioned as a Non-Executive Board Director since August 2004. Formerly the Chief Financial Officer and then Managing Director / Chief Executive Officer of Penerbangan Malaysia Berhad, Tengku Dato’ Sri Azmil was also with PricewaterhouseCoopers in their London and Hong Kong offices, where he worked in the Audit and Business Advisory Services division, specialising in financial services.

Tengku Dato' Sri Azmil holds a First-Class Degree in Economics from the University of Cambridge. He is a Chartered Accountant and an Associate Member of the Malaysian Institute of Accountants and the Institute of Chartered Accountants in England and Wales. He is also an Associate of the Association of Corporate Treasurers, United Kingdom.


Dato’ Soo Chan Fai

Group Financial Controller, Eco World Development Group Berhad

Dato’ Soo Chan Fai (Dato’ Soo) is 52 years old and is a qualified Chartered Accountant registered with Malaysian Institute of Accountant (MIA). He pursued his professional accountancy course at Tunku Abdul Rahman College, Kuala Lumpur and completed his professional accountancy final stage via articleship with one of the top global accounting firms, Deloitte (formerly known as Kassim Chan).

During his tenure with Deloitte, he gained invaluable experiences in statutory audits and due diligent audit assignments, with exposure in various industries, namely property, construction, manufacturing and trading. After completing his three and half years with Deloitte, he joined a property development company, S P Setia Berhad (S P Setia) in year 1996 as an Assistant Finance Manager. In S P Setia, Dato’ Soo was first assigned in finance operations of property development segment, followed by treasury functions and subsequently in corporate functions. He has involved in many operation’s enhancement exercises, land deal acquisition assessments, oversea business venture exercises, fund raising exercises and reporting improvement initiatives. He was promoted from the Assistant Finance Manager position to Finance Manager and later as Group Financial Controller of S P Setia in year 2008.

In year 2014, Dato’ Soo had resigned from S P Setia and joined Eco World Development Group Berhad (EcoWorld), assuming the similar role of Group Financial Controller. Currently, EcoWorld is one of the leading property development companies in Malaysia with sterling performances and remarkable records on new project start-up, sales achievement and branding initiative. EcoWorld has ongoing development projects in the Klang Valley, Penang and Iskandar Malaysia in Johor and has ventured internationally via its joint venture entity, Eco World International Berhad with development projects in London, Sydney and Melbourne.


Encik New Kheng Chee

Chief Financial Officer, Prudential BSN Takaful Berhad

Encik New Kheng Chee joined the Prudential group in 2008 and has served various roles within the group, including Regional Financial Controller of Prudential Corporation Asia/Prudential Services Asia Sdn Bhd and Director of Finance of Prudential BSN Takaful Berhad. He is the current Chief Financial Officer of Prudential BSN Takaful Berhad. Prior to this, he worked for Ernst & Young Malaysia, specialising in audit and assurance engagement for life and general insurance businesses.

Kheng Chee holds a degree in Economics from the London School of Economics and Political Science, and is a member of The Institute of Chartered Accountants in England and Wales (ICAEW). He was a participant in ICAEW’s Financial Talent Executive Network (F-TEN) Asia in 2014.


Profiles Advisors



Securities Commission Malaysia

Encik Alex Ooi is currently the Executive Officer of the Audit Oversight Board, Securities Commission Malaysia. Prior to joining the AOB, he was an audit partner with BDO Malaysia. 

Encik Ooi is currently involved in the Auditing and Assurance Standards Board (AASB) of the Malaysian Institute of Accountants (MIA) and the MFRS Application and Implementation Committee (MAIC) of the Malaysian Accounting Standards Board (MASB). Alex also represents SC as a member in the Audit Licensing Committee of the Ministry of Finance Malaysia. He is a current Council Member of MIA. 

He was previously the Malaysia Divisional President of CPA Australia in 2013 and 2014. He was involved in the Financial Reporting Standards Implementation Committee (FRSIC), Capital Market Advisory Committee and Education Committee of MIA. He was a former member of the Public Practice Advisory Board of CPA Australia in Melbourne, Australia.


Puan Jessica Chew 

Bank Negara Malaysia

Puan Jessica Chew is currently a Deputy Governor at Bank Negara Malaysia. She has over 26 years of experience in financial sector supervision and regulation with the Bank. She is currently responsible for financial stability which covers the regulation and supervision of banks, insurance companies, payment systems and money services.

Puan Jessica represents the Bank as an advisor member of the Malaysian Accounting Standards Board.

Puan Jessica holds a Chartered Banker qualification from the Chartered Banker Institute (Scotland), a Fellow Chartered Banker of Asian Institute of Chartered Bankers (AICB) and is an associate member of CPA Australia. She graduated from the University of Melbourne, Australia with a Bachelor of Commerce Degree majoring in accounting and finance.


Encik Yap Weng Seong

Companies Commission of Malaysia

Encik Yap Weng Seong is a Fellow Member of the Association of Chartered Certified Accountants, United Kingdom and a member of Malaysian Institute of Accountants. He also holds the “Certification in Training” certificate awarded by Pembangunan Sumber Manusia Berhad and Certificate IV in Training and Assessment awarded by Management Consultancy International Pty Ltd, Australia.

Encik Yap started his career with an international professional firm specialising in audit, accounting and business advisory services. Thereafter he joined the Royal Malaysian Customs in the Licensing and Enforcement Sections before returning to the private sector as a Financial Controller where he gained valuable knowledge and skills in the areas of administration, finance and accounting. He subsequently joined the Inland Revenue Board of Malaysia (LHDNM) to further his career.

During his career with the LHDNM, he had wide exposure and knowledge in personal and corporate tax, tax audit, withholding tax and compliance tax at the Corporate Tax and Withholding Tax Sections. He was also appointed by LHDNM to conduct civil proceedings in Malaysian courts pursuant to the Income Tax Act 1967.

Encik Yap has more than 30 years of working experience in a wide range of industries and he is presently the Head of Regulatory Review and Development Section in the Regulatory Development and Services Division of Companies Commission of Malaysia (SSM).