MEPS NAMES NEW GROUP MANAGING DIRECTOR

Kuala Lumpur, 12 October 2011 – Malaysian Electronic Payment System Sdn Bhd (MEPS), Malaysia’s premier payment network switch provider, today announced the appointment of Zulkanain Kassim as its new Group Managing Director. He succeeds Mohd Suhail Amar Suresh who has moved to Malaysian Electronic Clearing Corporate Sdn Bhd (MyClear), a subsidiary of Bank Negara Malaysia following the divestment by MEPS of its e-payment services to MyClear in September 2011.

Chairman of MEPS, Dato’ Sri Abdul Wahid Omar says, “We are pleased to have found a technically sound leader in Zulkanain Kassim. He has a proven track record of success, and has the skills and passion to advance our organisation into a premier services provider in the region. We are confident that his experience and abilities will continue to create value at MEPS.”

Zulkanain joined MEPS in May 2010 as Head of Information Services where he was responsible for overall technology development and implementation, as well as provided direction to IT operations in line with Group strategies. He started his career in the financial industry 19 years ago and held various positions in local and foreign financial institutions with active involvement in projects such as core banking system implementation and integration, IT Strategic Plan, enterprise-wide system implementation and executive/management information system. He has also spearheaded various teams responsible for implementing strategic and compliance initiatives; in particular the online service for legal processing and documentation for credit facilities which was the first for the nation’s banking industry.

Mohd Suhail Amar Suresh who has been appointed as Managing Director of MyClear leaves MEPS after 9 years of service. He has a career spanning more than 20 years in various multi-national corporations including a 16-year period in the Information Services division of a commercial bank.

“Mohd Suhail has taken MEPS from strength to strength with his good foresight of the industry. His engagement and enthusiasm has driven many new plans and product ideas that have propelled MEPS forward to be more than just a switching agent and at the same time, contributed to the business of the banks,” says Dato’ Sri Wahid. “I join the members of the Board, management and staff in thanking him for his outstanding service, commitment and leadership.”

In September this year, MEPS divested its e-payment services to MyClear to sharpen its focus on expanding its Shared ATM Network and to form strategic partnerships with countries boasting high-traffic cross-border inbound and outbound travelers.