Govt said to be looking to replace CEO of Bursa Malaysia

KUALA LUMPUR/HONG KONG: Malaysia is looking to replace the chief executive officer of the national stock exchange, two sources said today, the latest in a series of top management changes initiated by the newly elected government.

The sources gave no reason why the government was considering replacing Datuk Seri Tajuddin Atan at Bursa Malaysia. His term is due to end in March next year.

A government adviser briefed by a minister told Reuters that the matter had been "one of the priorities" raised during a weekly Cabinet meeting today, but no conclusion was
reached.

"It was discussed ... it's just that they could not come to a decision," said the source, who requested anonymity.

Addressing a news conference after the Cabinet meeting, Prime Minister Tun Dr Mahathir Mohamad said the issue had not been tabled. "I did not see it on the table," he said.

Two sources have said among the names being considered as potential replacements for Tajuddin include an external candidate based in Hong Kong, and two internal candidates.

Bursa Malaysia declined to comment. "We do not comment on speculative news," a spokesman said.