Kuala Lumpur, 12 September 2011 – Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear) today announced the appointment of Mohd Suhail Amar Suresh Abdullah as its new Managing Director effective 16 September 2011.

“Mohd Suhail has a wealth of strategic, business and industry acumen, strong execution skills and a track record in driving stakeholder value,” said Dato’ Ooi Sang Kuang, Chairman of MyClear. “We believe he will provide the strong and capable leadership necessary to oversee MyClear’s strategic transformation into a premier e-payments organisation in the region.”

MyClear, a wholly-owned subsidiary of Bank Negara Malaysia (BNM), was established in 2008 to spearhead the migration of e-payments through the development of new payment systems, infrastructure, instruments and technologies.

“I am excited at the opportunity to lead MyClear into the next phase of its corporate development. This is an especially exciting time as the e-payments industry is poised for further growth due to strong consumer demand for convenient and cost-effective e-payment services. I look forward to addressing these growing demands and more importantly, to realizing MyClear’s strategic objectives,” said Mohd Suhail.

Prior to this appointment, Mohd Suhail was the Group Managing Director of Malaysian Electronic Payment System Sdn Bhd (MEPS). During his 9-year tenure at MEPS, he was instrumental in driving MEPS’ rapid growth from an ATM switch operator into a regional payment network infrastructure provider. In his career span of over 25 years, Mohd Suhail has held senior positions in various multi-national corporations and in a commercial bank, with involvement in information technology, systems integration, business development and project consulting.