Malaysia’s sovereign wealth fund Khazanah Nasional Bhd has announced changes to its senior management team in China and North Asia, which also includes Korea and Japan.
The sovereign wealth fund said Bryan Lim, director for investments and head of Khazana’s regional office in Beijing, will head its China operations, taking over from Ben Chan, currently the executive director and co-head of investments (transactions).
Chan, who has been with Khazanah since June 2005, will be leaving the fund at the end of April 2018 to join Ontario Teachers’ Pension Plan as its regional managing director for Asia-Pacific.
“Lim will take over Chan’s responsibilities in leading Khazanah’s overall presence in China. He will also be responsible for Korea and Japan, which together with China, constitute Khazanah’s North Asia coverage,” the fund said in a statement on Thursday.
Chan served in various capacities for nearly 13 years at Khazanah. He led the effort to establish Khazanah’s presence in China, which saw the opening of the Beijing office in 2008, the first of Khazanah’s five regional offices, and he has been instrumental in its growth and progress since then, the fund said.
Khazanah managing director Azman Mokhtar said Chan’s track record of service and achievements had been immense as a key member, and one of the longest-serving ones, of Khazanah’s senior leadership team.
“We are truly appreciative of his contribution to the institution and the nation in his nearly 13 years with Khazanah,” he said.
Khazanah Nasional is the strategic investment fund of the Government of Malaysia, entrusted to hold and manage the commercial assets of the government and to undertake strategic investments on behalf of the nation.