Malaysia’s Khazanah appoints former Maybank CFO Feisal as chief

The Khazanah Nasional Berhad logo is displayed on a laptop. Photo: Thitikorn Suksao/DealStreetAsia

Malaysia’s sovereign wealth fund Khazanah Nasional said on Tuesday it has appointed the former chief financial officer of Malayan Banking (Maybank) Amirul Feisal Wan Zahir as managing director effective July 16.

Amirul Feisal, who resigned from Maybank on Monday, will take over from current Khazanah head Shahril Ridza Ridzuan who will be “departing to pursue his personal interests upon the expiry of his contract,” Khazanah said in a statement.

Shahril Ridza was appointed in 2018 amid a shakeup at the fund after a new government led by Mahathir Mohamad took power.

Since 2019, Khazanah has restructured its portfolio into commercial and strategic holdings, which include ownership of national carrier Malaysia Airlines and highway operator PLUS Malaysia Bhd.

The fund has also sold its equity interest in several companies including Chinese e-commerce firm Alibaba Group Holding Ltd, BDO Unibank Inc of the Philippines, London-based fashion retailer Farfetch, Indian tech firm Infosys Ltd and poultry company Charoen Pokphand Indonesia tbk.

Last year, Khazanah’s profit dropped 60.6% as divestment gains fell sharply amid the coronavirus pandemic.

The fund has said it expects further challenges this year, with key sectors such as aviation and tourism not expected to recover until 2023.

Reuters

Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.