On 27th December 2017, Labuan International Business and Financial Centre Inc Sdn Bhd (Labuan IBFC Inc), which is the promotion and marketing arm for the Labuan International Business and Financial Centre Malaysia (Labuan IBFC), has appointed Farah Jaafar-Crossby as its new chief executive officer (CEO) to promote the commercial hub.

“After a rigorous selection process, the Board is pleased to announce Farah’s appointment as CEO of Labuan IBFC Inc. She brings with her years of experience in financial services from both the onshore and offshore perspectives, and is the best candidate to assume the leadership role to promote Labuan IBFC,” said Dato Azlan Mohd Hashim, Chairman, Labuan IBFC Inc.

“Farah brings unique perspectives in her ability to translate vision and strategy into execution. This combined with her deep industry knowledge in both financial services and marketing makes her the natural choice to lead Labuan IBFC Inc.,” Dato Azlan added.

“The opportunities that lie ahead for Labuan IBFC are enormous and it is deeply humbling and exciting to be able to take on this responsibility especially as the jurisdiction is set to undergo a transformative period. I look forward to working together with all stakeholders in better articulating Labuan IBFC’s unique value propositions as we work together to enhance Labuan IBFC’s global and domestic profile,” said Farah.

Her background consists of being a law graduate from University of Sheffield, she was previously General Manager of the Association of Stock Broking Companies Malaysia, and had worked with the Bursa Malaysia as well as the Asian Institute of Finance.

Farah has taken on her new role as the CEO of Labuan IBFC Inc since Jan 1, 2018.