Labuan Financial Services Authority announced that Dato’ Wan Mohd Fadzmi Che Wan Othman Fadzilah concluded his tenure as chairman with effect from 31 December 2024, following completion of the term for which he was appointed by the Minister of Finance II. The authority said it will announce the appointment of a new chairman in due course, subject to approval from the Ministry of Finance. Dato’ Wan Mohd Fadzmi had served as chairman since 1 January 2024.