^{Vincent Kwo reappointed as the new MFPC President}


KUALA LUMPUR, June 24 (Bernama) -- The new office bearers of the Malaysian Financial Planning Council (MFPC) were unanimously elected for the year 2021 - 2023 at the Council’s 17th Annual General Meeting (AGM) held today. Vincent Kwo Shih Kang and Dr Desmond Chong Kok Fei has been unanimously re-elected as the President and Deputy President of the Council respectively. Malaysian Financial Planning Council (MFPC), the body that represents financial planning and Shariah Financial Planning professionals and Financial Services Providers in the region has also appointed 5 other office bearer positions and 9 National Council Members in the National Council 2021-2023 during the 8th Election that was conducted simultaneously during the AGM.

Vincent who is a Fellow member of Society of Actuaries, a Fellow member of Life Management Institute and a Fellow member of the MFPC, was elated that MFPC has faith in him to lead the Council to greater heights for another two-year term. In his speech, he expresses his gratitude by thanking the Council Members, reminding members that what they have today is due to the fact that the Council drive’s strategic prioritization and accountability within, with a laser sharp focus on promoting financial planning for all segments of communities in Malaysia. He also added, "I will try with my best ability to align and prioritize MFPC’s vision and mission and ensuring operational excellence across the organization."

Effective immediately, Vincent Kwo and Dr Desmond Chong will assume responsibility with other newly elected office bearers and its respective chapters in Penang, Johor and Sarawak, and looks forward to this line-up of Office Bearers and National Council Members in continuing their capacities, and to cultivating a stronger and more effective relationship to achieve the mission of the Council including promoting financial literacy to all Malaysians.

Being an independent body, formed at the initiative of the government through Bank Negara Malaysia (BNM), MFPC has worked towards developing the financial planning profession through its professional education programmes. The RFP and Shariah RFP are recognized qualifications for financial advisor licensing applications through Bank Negara Malaysia and financial planning licensing through the Securities Commission Malaysia. The Council has introduced several key initiatives and projects to raise the financial literacy of Malaysians from all walks of life. Key among this is the Council’s My Money& Me public financial literacy programme. The Council’s founding members were Life Insurance Association of Malaysia (LIAM), Malaysian Insurance Institute (MII) and the National Association of Malaysian Life Insurance and Family Takaful Advisors (NAMLIFA) and the Association of Financial Advisers and the Malaysian Takaful Association (MTA) are organizational members of the Council, all of whom work alongside and provide support to the Council’s activities. As of end of 2020, the Council had 64 corporate members and 14,555 individual members of Registered Financial Planner (RFP), Shariah RFP, affiliate and associate members.

This year marks the 17th anniversary for MFPC since its inception in 2004 and it truly has come a long way. With a steady growth of qualified financial planners, MFPC continues to innovate and provide game-changing initiatives for financial literacy education.

SOURCE: Malaysian Financial Planning Council (MFPC)

FOR MORE INFORMATION, PLEASE CONTACT:        
Name: Nazmi Hakim Mahmud
External Relations, Research & Publication
Tel: +603 6203 5899 / 017-3687035
Email: hakim@mfpc.org.my

--BERNAMA