Malaysia Venture Capital Management Berhad (MAVCAP) has appointed a new CEO Shahril Anas Bin Hasan Aziz, effective 1 October 2020 for a period of two years, according to an announcement.
The appointment of Shahril Anas was notified by Malaysia’s Ministry of Finance and Ministry of Science, Technology and Innovation.
Shahril Anas joined MAVCAP in 2015 and so far, his role entailed collaborating with foreign partners and corporate partners to create VC funds.
Prior to that, Shahril Anas worked with various Malaysian companies including the Employees Provident Fund, Malaysia Technology Development Corporation and Unit Peneraju Bumiputera (TERAJU).
In his current role, Shahril Anas will continue to nurture startups in the ICT industry as well as other high-growth industries such as Internet of Things, e-commerce and fintech.
Currently, MAVCAP is the largest government-owned entity that has a portfolio value of 5 billion ringgit through its funds, and partnerships with domestic and foreign private sector partners. MAVCAP is also the Malaysia’s largest VC firm in the technology space.
Backed by the government, MAVCAP’s mandate is to ramp up local VC talent, get more local VC companies and attract more foreign VCs and funding into the Malaysian ecosystem, as it attempts to create a bigger pool of funds available for competitive local companies.
MAVCAP’s exit record includes companies such as WebBytes, Aexio Software, Jobstreet.com, Unrealmind, YouthAsia and Aemulus.