TNG Digital Sdn. Bhd., the operator of Malaysia’s TNG eWallet, announced Tuesday the appointment of Syed Zaid Albar as its Chairman and Non-Independent Non-Executive
Director, effective October 17, 2025.
The firm said in a statement that Syed Zaid is a senior lawyer with experience across a broad range of practice areas, with a strong focus on financial services and corporate advisory.
As a co-founding partner of Albar & Partners, he has established himself in Malaysia’s legal landscape, particularly in debt capital market and equity finance, including Islamic finance.
His significant contributions have earned him multiple recognitions for his involvement in notable capital market transactions.
Syed Zaid stepped away from legal practice in 2018 to assume the role of Executive Chairman of the Securities Commission Malaysia (SC), a position he held until mid-2022.
During his tenure at SC, he played a key role in strengthening the governance, regulatory oversight and the development of Malaysia’s capital markets, both domestically and internationally.
As Chairman of SC, he represented the SC in various capacities, on the local and international stage.
Domestically, one of the key roles was representing SC as a member of the BNM Financial Stability Committee and a member of the Board of Trustee of The Financial Reporting Foundation.
At the international front, he represented SC as a board member of the International Organization of Securities Commissions (IOSCO), the Asia Pacific Regional Committee of IOSCO, and the ASEAN Capital Markets Forum comprising heads of capital market regulators from all ten ASEAN jurisdictions, with the primary responsibility of promoting the integration and development of capital markets within ASEAN.
He rejoined Albar & Partners in early 2023 as a senior partner, taking on an advisory role and professional development.
Syed Zaid currently serves as Chairman of CIMB Group Holdings Berhad, CIMB Bank Berhad, and Touch ‘n Go Sdn. Bhd., and has previously served the boards of numerous public listed companies, including Yinson Holdings Berhad, Cycle & Carriage Bintang Berhad, Malaysian Pacific Industries Berhad and Malaysia Building Society Berhad, reflecting his longstanding commitment to corporate leadership and governance in the boardroom.
TNG Digital said it welcomes Syed Zaid’s appointment, reinforcing the company’s commitment to strong governance and strategic leadership as it continues to build a trusted, inclusive, and sustainable digital ecosystem that drives Malaysia’s digital financial services sector forward.
To mark the appointment, Alan Ni, Chief Executive Officer of TNG Digital, said Syed Zaid’s leadership and depth of experience will be invaluable as the firm continues to build Malaysia’s leading digital financial services and lifestyle app.
“With more than 24 million users, we are committed to delivering greater convenience, security, and access, driving financial inclusion, serving the underserved, and advancing the nation’s digital economy,” he added.
Syed Zaid’s leadership will further strengthen TNG Digital’s foundation for long-term growth, supporting the nation’s journey towards a more connected and financially inclusive digital economy, said the statement.
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