The Malaysian government is considering replacing Tajuddin Atan as CEO of its stock exchange, Reuters reported June 6, citing two unnamed sources.
The matter was "one of the priorities" raised during a weekly cabinet meeting, a government adviser briefed by a minister told Reuters.
Atan was appointed head of Bursa Malaysia Bhd. in 2011 and has until March 2019 in the position. Potential replacements for Atan include an external candidate based in Hong Kong, and two internal candidates, the sources added.
Malaysian Prime Minister Mahathir Mohamad said the issue had not been tabled.
The report comes as the newly elected government cracks down on suspected graft during former Prime Minister Najib Razak's term, including the corruption scandal involving sovereign wealth fund 1Malaysia Development Bhd., or 1MDB.
Bursa Malaysia declined to comment on the matter, stating that it does not comment on speculative news.
Meanwhile, Muhammad bin Ibrahim resigned as the country's central bank governor.
