Mohammad Faiz Azmi

Yang Berbahagia Dato' (Dr.) Mohammad Faiz Azmi DSIS FCA
Born	(1963-03-06) March 6, 1963 (age 62) Lambeth, London, United Kingdom
Education	University of Durham (LLB) Lincoln's Inn (Bar) Qualified Chartered Accountant, Institute of Chartered Accountants in England and Wales
Occupations	Accountant, Regulator
Years active	1985–present
Known for	Executive Chairman of Securities Commission Malaysia; Global Islamic Finance accounting standards, furthering the accounting profession in Malaysia
Spouse	Hon. Justice Dato' (Dr.) Faizah binti Jamaludin (married 1992–present)
Children	3
Awards	Honorary Doctorate of Law, University of Nottingham Honorary Doctorate of Civil Law, Durham University Honorary Bencher of Inner Temple

Mohammad Faiz bin Mohammad Azmi (born 6 March 1963) is a Malaysian accountant and capital markets regulator who has served as the Executive Chairman of the Securities Commission Malaysia since June 2024. ^[1]

A dual-qualified barrister and chartered accountant, he is recognized for his leadership in the global adoption of International Financial Reporting Standards (IFRS) ^[2] and the development of accounting frameworks for Islamic finance. ^{[3] [4] [5]}

Early life and education

Faiz was born in London and attended Malay College Kuala Kangsar prior to attending Taunton School in the United Kingdom.

He read law at the University of Durham, graduating in 1984 before being called to the bar at Lincoln's Inn the following year. ^{[6] [7] [8]}

He subsequently qualified as a Chartered Accountant with the Institute of Chartered Accountants in England and Wales (ICAEW). ^[9]

Career

Faiz's first job was as a trainee accountant in Touché Ross & Co, London.  He trained in the audit group until he qualified as a Chartered Accountant in 1989. He then moved to the Financial Institutions Group which covered Financial Services in audit and advisory work ^[10] . Among the senior partners he worked with at Touché Ross & Co was Brian Smouha ^{[11] [12]} , the liquidator of Bank of Credit and Commerce International (BCCI). Faiz was involved in the investigation and running of BCCI in liquidation under Brian Smouha's supervision.^{[ citation needed ]}

PricewaterhouseCoopers (PwC)

Faiz spent almost four decades in audit and business advisory services, serving as a partner at PwC Malaysia from 1996 and was appointed executive chairman in 2012, a role he held until his retirement in 2023. ^[13]

During his tenure, he led PwC’s Global Islamic Finance Team (2007–2012) and was PwC Malaysia's Financial Services Leader and joint Head of Audit. He also led the ESG and Shariah Investing teams as part of PwC Malaysia's Sustainability and Climate Change practice in Malaysia. ^[10]

During his tenure as executive chairman, Faiz also oversaw and managed significant Malaysian national projects, including the transition of the Malaysian government to accrual-based accounting, acting as an administrator for an airline and certain government entities, and he was also part of the Federal Government National COVID-19 vaccine rollout. ^[1]

Regulatory and standard setting roles

• Securities Commission Malaysia: Appointed Executive Chairman in June 2024 after serving as a board member since 2023. ^[14]
• International Accounting Standards Board (IASB): Chaired the Islamic Finance Consultative Group in London (2016–2022) ^{[15] [16] [17]} , focusing on the application of International Financial Reporting Standards (IFRS) to Sharia-compliant transactions. ^[18] Led the adoption of IFRS into Malaysia in 2012. ^{[19] [20]}
• Malaysian Accounting Standards Board (MASB): Served as Chairman from 2009 to 2015, overseeing Malaysia’s full adoption of IFRS in 2012. ^[21] Set up the Association of Asia Oceania Standard Setters Group (“AOSSG”) as its founding Chairman to help provide feedback to IASB on implementation issues. ^[22]  
• Malaysian Institute of Accountants (MIA): Served as President from 2015 to 2017. ^[23]

Bilateral relations and public service

Faiz has held prominent roles in strengthening ties between Malaysia and the United Kingdom:

• Kuala Lumpur Business Club (KLBC): As President (2018–2023) ^[24] , he facilitated numerous high-level engagements between Malaysian corporate leaders and UK government officials. ^{[25] [26] [27] [28] [29] [30] [31]}
• Professional Advocacy: He was appointed Council Member of the ICAEW in London in 2019 ^[32] and was appointed Chairman of the ICAEW Malaysian Advisory Group in 2025. ^[33] Faiz also served as the first Chairman of the Malaysia Professional Accounting Centre (MyPAC) until June 2024, which is a government funded private company dedicated to provide local accountants with professional training and development via courses based on UK accountancy standards. ^[34]

Honours

Honours of Malaysia

• Selangor
  • Knight Companion of the Order of Sultan Sharafuddin Idris Shah (DSIS) – Dato' (2013) ^[35]

Honorary Degrees

• Honorary Doctorate of Laws, University of Nottingham, United Kingdom (2016) ^[36]
• Honorary Doctorate of Civil Law, University of Durham, United Kingdom (2025) ^[37]

Others

• Honorary Bencher of the Honourable Society of the Inner Temple, London, United Kingdom (2025) ^[38]

References

1. "Dato' Mohammad Faiz Azmi – Board Members". www.sc.com.my. Retrieved 2025-12-31.
2. "Dato' Mohammad Faiz Azmi has been appointed as the new chair to Islamic Finance Consultative Group of the International Accounting Standards Board (30 August 2016)". MASB. Retrieved 2025-12-31.
3. Zakariah, Zarina (17 July 2017). "Malaysia in bid to lift Islamic finance". New Straits Times. Retrieved 2025-12-31.
4. "Regulatory integrity crucial for Malaysia's future, says SC chairman". The Star. 2025-08-03. Retrieved 2026-01-02.
5. "Regulators Must Have Integrity, Be Facilitative To Create Value And Grow Capital Market – SC". Bernama. 2025-03-08. Retrieved 2026-01-02.
6. "Results of Final Examinations: June 1984". University of Durham Gazette. II (Combined Series): 104. 1984. Retrieved 7 January 2026.
7. "Dato' Mohammad Faiz Azmi - Graduate at PwC". gradmalaysia.com. Archived from the original on 2018-07-29. Retrieved 2025-12-31.
8. "FRF". MASB. Retrieved 2025-12-31.
9. "Dato' Mohammad Faiz Azmi". www.icaew.com. Retrieved 2025-12-31.
10. "Dato' Mohammad Faiz Azmi - Graduate at PwC - gradmalaysia.com". gradmalaysia.com. Archived from the original on 2018-07-29. Retrieved 2026-01-01.
11. "Brian Smouha obituary". www.thetimes.com. 2023-08-31. Retrieved 2026-01-01.
12. Obituaries, Telegraph (2023-07-27). "Brian Smouha, accountant called in to liquidate Banco Ambrosiano and BCCI – obituary". The Telegraph. ISSN   0307-1235 . Retrieved 2026-01-01.
13. "PwC Malaysia appoints Nurul A'in Abdul Latif as executive chair". The Edge Malaysia. 2023-06-28. Retrieved 2025-12-31.
14. "Securities Commission appoints Mohammad Faiz Azmi as new executive chairman effective June 16". Malay Mail. 2024-06-13. Retrieved 2025-12-31.
15. "Dato' Mohammad Faiz Azmi has been appointed as the new chair to Islamic Finance Consultative Group of the International Accounting Standards Board (30 August 2016)". MASB. Retrieved 2026-01-02.
16. "IFN – Mohammad Faiz Azmi, Executive Chairman of PwC Malaysia and Chair of the Islamic Finance Consultative Group of the International Accounting Standards Board". Islamic Finance News. 2017-11-02. Retrieved 2025-12-31.
17. "IAS Plus". www.iasplus.com. Retrieved 2026-01-02.
18. "IFRS – Islamic Finance Consultative Group". www.ifrs.org. Retrieved 2026-01-02.
19. Mohd Hanefah, Hajah Mustafa (2012). "Convergence Towards IFRS in Malaysia: Issues, Challenges and Opportunities" (PDF). International Journal of Business, Economics and Law. 1. ISSN   2289-1552.
20. "IAS Plus". www.iasplus.com. Retrieved 2026-01-01.
21. "Dato' Mohammad Faiz Azmi has been appointed as the new chair to Islamic Finance Consultative Group of the International Accounting Standards Board (30 August 2016)". MASB. Retrieved 2025-12-31.
22. "Updates & Announcements – Asian-Oceanian Standard-Setters Group (AOSSG)". www.aossg.org. Retrieved 2026-01-01.
23. "Board Members – Capital Markets Malaysia" . Retrieved 2025-12-31.
24. "Members List". Kuala Lumpur Business Club. Retrieved 2025-12-31.
25. "2018 September 10–12 KLBC in London". Kuala Lumpur Business Club. Retrieved 2025-12-31.
26. "2019 July 8 Dialogue with The Rt. Hon. The Lord Mayor of the City of London, Alderman Peter Estlin". Kuala Lumpur Business Club. Retrieved 2025-12-31.
27. "2020 February 18 KLBC's Fireside Chat with H.E. Charles Hay MVO, British High Commissioner to Malaysia". Kuala Lumpur Business Club. Retrieved 2025-12-31.
28. "2021 December 14 KLBC Dialogue with HE Charles Hay MVO". Kuala Lumpur Business Club. Retrieved 2025-12-31.
29. "27 May 2022 KLBC Fireside Chat with Mr, Richard Graham". Kuala Lumpur Business Club. Retrieved 2025-12-31.
30. "11 October 2022 KLBC Visit in London Breakfast with PwC – Exploring Investment Opportunities in the UK". Kuala Lumpur Business Club. Retrieved 2025-12-31.
31. "11 October 2022 KLBC Visit in London KLBC Tea Reception at The House of Lords, Palace of Westminster". Kuala Lumpur Business Club. Retrieved 2025-12-31.
32. "ICAEW Appoints Two Malaysian Corporate Leaders As Council Members – BusinessToday". businesstoday.com.my. 2019-08-08. Retrieved 2025-12-31.
33. "Dato' Mohammad Faiz Azmi". www.icaew.com. Retrieved 2025-12-31.
34. Mustafa, Zulita (2018-02-07). "Producing elite accountants". New Straits Times. Retrieved 2025-12-31.
35. https://awards.selangor.gov.my/penerima/warta/maklumat-penerima/2013d.s.i.s.faizazmi
36. "University of Nottingham confers honorary degrees – The University of Nottingham – Malaysia Campus". www.nottingham.edu.my. Retrieved 2025-12-31.
37. "Instagram". www.instagram.com. Retrieved 2025-12-31.
38. "Dato' Mohammad Faiz Azmi". www.icaew.com. Retrieved 2025-12-31.