Executive Leadership

Mr Peter Schiesser was appointed as the Managing Director of MyClear on 10th December 2012 and subsequently the Group Chief Executive Officer of Payments Network Malaysia on 1st August 2017.

Mr Schiesser spent most of his career with the Australia and New Zealand Banking Group (ANZ) where he held various key positions and established an impressive track record across a variety of disciplines including strategy & planning, product & business development, consumer finance, card services, electronic banking, payment systems, information technology and banking operations.

Previously, Mr Schiesser served in a General Management capacity with Sacombank, one of the leading banks in Vietnam, where he was instrumental in transforming their Cards Division into a modern and profitable business. Subsequently, as Chief Information Officer, he drove the strategic transformation of IT in support of the bank’s ambitious growth objectives.

Mr Schiesser holds a Master of Business Administration and Bachelor of Applied Science degrees from the Royal Melbourne Institute of Technology (RMIT) in Australia.

Mr Tay was appointed as Chief Operating Officer in February 2013 of MyClear and subsequently Group Chief Operating Officer of Payments Network Malaysia on 1st August 2017.

Throughout his 20-year career, Mr Tay has played a pivotal role in developing and advancing Malaysia's financial market infrastructures for real-time gross settlement (RTGS), securities settlement, central securities depository (CSD), and electronic payments. He is responsible for driving the company's payments and securities business, charting development plans, as well as formulating strategies for market expansion.

Possessing strong analytical skills, a keen understanding of payment and debt capital markets, in-depth knowledge of the regulatory environment, execution ability as well as technical prowess, Mr Tay is able to effectively formulate and implement strategies that have elevated the value proposition and competitive positioning of Malaysia’s financial market infrastructure.

Mr Tay holds a degree in Computer Science from Cornell University and is an alumnus of the Stanford Executive Program, Stanford University.

Puan Hazama was appointed as Director Large Value Payments & Securities Services in June 2012.

She started her career with Bank Negara Malaysia in April 1992. During her 18 years in BNM, she served various disciplines including project management, treasury risk management, treasury operations system, financial market technology and banking operations. She received two Excellence Award from BNM due to her commitment and successful implementation of the Treasury Operation System (TERAS) and TERAS Link-up to BNM London & New York in 2002 and 2003, respectively.

She was seconded to MyClear (now PayNet) in 2011 and was given the responsibility to manage and operate the Malaysian Interbank Real Time Gross Settlement Systems for Fund Transfer & Securities Services (RENTAS), the national cheque clearing system (eSPICK) and the Fully Automated Securities System for Tendering (FAST).

Puan Hazama graduated with Bachelor (Hons) of Economics (Applied Economics) from University of Malaya, Malaysia.

Mr Michael Kumar was appointed Director, Card Services on 1st August 2017. Previously, he was the Malaysian Electronic Payment System (MEPS) Group Managing Director and a Board Member on 1 October 2016.

He has 37 years of experience in Bank Branch Management and Operations of a commercial bank; breadth of experience spans banking operations, branch management, project management and business development.

Mr. Michael Kumar previously also served as MEPS Chief Business Officer with responsibility for leading the development and implementation of cards and e-payment initiatives as well as establishing and maintaining a national card payments infrastructure.

Previously he held the position of Director, Retail Payments at MyClear, where he was accountable for the achievement of the Company’s strategic business objectives and growth, including development of payment related services in support of the industry’s payment service needs.

Mr Siek was appointed as Director of Retail Payments Division on 18 September 2012.

Mr Siek spent most of his career in the banking industry within Malaysia and overseas, where he held various key positions and established an impressive track record mainly in credit, debit and prepaid card industry.

Prior to joining Payments Network Malaysia, he served as the Regional Head of Tune Money to develop and launch the first airline loyalty / prepaid with Air Asia. He was instrumental in transforming the Tune Money’s BIG pre-paid Visa card with integration of airline loyalty and grew the business across the region.

Other notable achievements of Mr. Siek is that he was a Senior Card Centre Manager in Papua New Guinea, Fiji Islands, Tonga Islands and Mozambique. In PayNet, he developed the MyDebit product, making it what it is today.

Mr Siek holds a Bachelor of Science degree from Stockton State University in USA.

Mr Abdul Malek Sutan was appointed Chief Business Officer of MEPS Currency Management (MCM) on 1 June 2014 and was re-designated as Director, Cash Services on 1st August 2017.

He has more than 26 years of experience in commercial cash centre business and commercial banking. Previously at Safeguards G4S, he spearheaded the merger of Safeguards with G4S UK creating the pioneer security player in currency management.

Prior to that he served in various roles encompassing Legal, Corporate, and Retail Banking with Hong Leong Bank.

In his current role as the Director of Cash Services, he is oversees MCM’s currency processing outsourcing contract with Bank Negara Malaysia (BNM) at BNM’s Regional Offices throughout Malaysia. He also oversees MCM’s Commercial Currency Operations which provides currency management services for various commercial banks and their corporate customers.

Mr Firdaus Ghani was appointed Director, Finance & Administration in August 2011.

Mr Firdaus Ghani has over 16 years of experience in the field of accounting, taxation, assurance, and treasury. He started his career at KPMG where he was trained in Assurance and Corporate Taxation. Subsequently, he worked as an accountant and finance professional at a major property company and an Islamic Bank.

In addition to his finance responsibilities, Mr Firdaus plays a key role at Payments Network Malaysia in client engagement for the government sector and actively advocates the use of electronic payments at government ministries and agencies. He was instrumental in Kedah state government’s adoption of electronic payments and acceptance of debit card payments.

Before assuming the role at PayNet, Mr Firdaus was the Head of Finance and Administration for MEPS. During his tenure at MEPS, he improved and automated accounting processes and management reporting; reengineered settlement processes.

Mr Firdaus graduated with Bachelor of Commerce in Accounting from University of Newcastle in Australia and is a member of the Institute of Chartered Accountants in England and Wales (ICAEW) and the Institute of Chartered Accountants in Australia and New Zealand.

Mr Ken Yon assumed the role of Director, Risk & Compliance on 20 July 2016.

Mr Ken specialises in risk management and compliance for banks and has accumulated approximately 23 years of experience. He spent most of his career at Kuwait Finance House Malaysia and KPMG Malaysia where he was the Chief Risk Officer and a Managing Consultant (Financial Risk Management) respectively. He is a banking risk management practitioner and risk management consultant, having amassed a variety of experiences, including specialised areas such as risk management strategy, compliance, capital planning and management, asset and liability management, banking operations, product risk and project management of risk solutions.

Prior to joining PayNet, Mr Ken Yon worked in banks in Malaysia and Singapore, holding both frontline and backroom positions such as in Corporate Banking and Accounting & Control.

Mr Ken holds a Bachelor of Business in Financial Analysis from Nanyang Technological University (NTU), Singapore

Puan Jun Maria Tan Abdullah was appointed as Director, Human Capital Management on 13 June 2017.

She is a full fledged HR professional with over 20 years experience in the function with strong passion in Recruitment, Talent Management and Development as well as Organization Development space. She is an expert in HR processes and a business driven HR who supports business key performance targets via the execution of strategies to support competency needs, workforce planning, talent acquisition, human capital development, employee engagement, cost containment and streamlining efficiency and operational competency. Proven track record in driving strategic initiatives to motivate, retain and develop people.

Puan Jun spent 7 years in Business Development as part of her personal development plan which contributed to her in-depth understanding in how the HR function supports an organization’s success.

Puan Jun holds a Masters of Arts (Communication) from University Sains Malaysia.