Move To Make 1MDB Advisor Bank Negara’s New Governor Was Objected By Zeti, WSJ Says

The current central-bank governor, Tan Sri Zeti Akhtar Aziz, is retiring next month after 16 years in the post.

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Tan Sri Irwan Serigar Abdullah is expected to succeed Tan Sri Zeti Akhtar Aziz as Bank Negara Malaysia (BNM) governor, the Wall Street Journal (WSJ) reported today

Tan Sri Irwan Serigar Abdullah.

Image via The Malaysian Insider

WSJ also reported that the move comes over the objection of Tan Sri Zeti.

Tan Sri Irwan is a member of 1MDB's board of advisors and Secretary-General of Treasury at the Finance Ministry.

Tan Sri Irwan Serigar Abdullah is a member of the board of advisors for 1MDB.

Image via 1MDB

Meanwhile, Tan Sri Zeti said to patiently await for the government's decision that will soon be announced

Tan Sri Zeti Akhtar Aziz.

Image via Dimas Ardian/Bloomberg

Zeti has been the head of Malaysia's central bank for the past 16 years. This year marks her 35th year of service with BNM.

As the first woman Governor of Malaysia's Central Bank, Zeti is widely respected, and credited for pushing reforms and sound policies, as well as protecting the independence of the central bank, Reuters wrote.

**WSJ also sang praises for Zeti, saying that her stable economic management has successfully attracted investment in the nation's stock and bond markets.**

Last year, rumours arose that Zeti was under pressure to resign due to BNM's part in the special task force investigating the alleged RM2.6 billion money trail linked to 1MDB and PM Najib

However, Zeti dismissed all speculations about her resignation last August, and said that she intends to see out her 5-year term, which ends in April 2016:

Two weeks ago, WSJ claimed that deposits in the personal accounts of PM Najib Razak actually totalled more than USD1 billion:

Need a refresher on the 1MDB controversy? Here's all you need to know about the scandal, in short, easy-to-watch videos:

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