Tan Sri Nor Shamsiah Mohd Yunus

Tan Sri Nor Shamsiah Mohd Yunus is currently the Chancellor & Professor of Practice of INCEIF University. The former Governor of Bank Negara Malaysia (BNM) joined the central bank in 1987 and served in various capacities spanning prudential regulation, legislation, policy-setting and supervision of the financial sector.

Prior to her appointment as Governor, she served as Assistant Director of the Monetary and Capital Markets Division of the International Monetary Fund in Washington DC. Tan Sri Nor Shamsiah led the bank through the COVID-19 pandemic, implementing emergency measures to preserve lives and livelihoods such as the blanket and subsequently, targeted moratorium on loans by individuals and SMEs; and providing stimulus to the economy through reduction in the Overnight Policy Rate (OPR). She has also ensured the bank’s ability to meet its mandates and independence were not affected despite multiple changes in the government.

During her tenure, she navigated BNM, and the economy through inflation surge caused by, amongst others, Russia-Ukraine war in 2022 and global supply chain disruptions, through multiple increases in the OPR to manage demand pressures and inflation. Played a key role in resolving problematic financial institutions during the Asian Financial Crisis and instituting banking reforms thereafter to strengthen its resiliency.

She played a key role in implementing innovative policies and initiatives related to management of climate risks and promotion of green financing and financial inclusion, additionally, formulating and implementing three Financial Sector Blueprints – 2000-2010, 2011-2020 and 2022-2026 – to realise a more dynamic, inclusive financial sector on a sustainable development path.

She has helped develop digital banking and Islamic banking framework that led to the award of five digital banking licences under the conventional and Islamic banking laws. The digital insurance and takaful framework was also introduced in 2023 , alongside, the enhancement of the digitalisation and cyber resilience.

She currently serves as an Independent Non-executive Director and a member of the Nomination Committee at AIA Group Limited.

Tan Sri Nor Shamsiah graduated with a Bachelor of Arts in Accountancy from the University of South Australia in 1986. She is a fellow of the CPA Australia and a member of the Malaysian Institute of Accountants.