<article>Malaysia&#8217;s $200-billion pension fund Employees Provident Fund&#8217;s (EPF) outgoing CEO Shahril Ridza Ridzuan said the pension fund is in a better place since he took office in April 2013.</article>

Malaysia&#8217;s $200-billion pension fund Employees Provident Fund&#8217;s (EPF) outgoing CEO Shahril Ridza Ridzuan said the pension fund is in a better place since he took office in April 2013.
&#8220;I&#8217;m leaving EPF knowing that it is in very good hands where every staff of EPF will continue to strive and work towards in making EPF a greater organisation for all of our members,&#8221; he told reporters on the sidelines of the International Social Security Conference 2018.
Shahril is <a href="https://www.dealstreetasia.com/stories/malaysia-epf-shahril-khazanah-md-103994/">slated to take over as the managing director</a> of Malaysia&#8217;s sovereign wealth fund Khazanah Nasional Bhd on August 20, replacing Azman Mokhtar who resigned along with the rest of Khazanah&#8217;s board of directors to facilitate the restructuring of the sovereign fund. He will be succeeded by EPF&#8217;s <a href="https://www.dealstreetasia.com/stories/malaysia-epf-ceo-104018/">current deputy CEO of strategy</a>, Alizakri Alias.
Shahril said, &#8220;I hope together with the EPF team, as well as our partners and policymakers, we could really look forward to long-term policies [even] when you&#8217;re under short-term pressure to deliver results. It&#8217;s important for us to focus on long-term and not just short-term fiscal results.&#8221;
The country&#8217;s largest pension fund is set to grow its current assets under management from RM814.38 billion ($200 billion) to RM1 trillion ($250 billion) in the next two to five years, said Alizakri. As at March 2018, EPF had a total of 13.72 million members while active and contributing members totalled 7.05 million.
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Shahril Ridza Ridzuan also said that he expects the pension fund to stay focused on its long-term goals and not be pressured by short-term fiscal results.

Malaysian pension fund EPF is in good hands, says outgoing CEO Shahril

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Malaysian pension fund EPF is in good hands, says outgoing CEO Shahril

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