Malaysia’s state-owned fund Khazanah Nasional has announced a series of board changes that will see the country’s prime minister Muhyiddin Mohd Yassin been appointed as its new chairman. Meanwhile, the Government Pension Investment Fund (Tokyo) has appointed Goldman Sach’s ex securities head Eiji Ueda as its chief investment officer and managing director.
Malaysian PM named new Khazanah chairman
Malaysia’s Prime Minister Muhyiddin Mohd Yassin has replaced former prime minister Mahathir Mohamad as the state-owned fund Khazanah Nasional’s new chairman.
The country’s finance Minister Zafrul Tengku Abdul Aziz and Khazanah’s ex-director Mohammed Azlan Hashim have also been appointed as members of the sovereign fund board, according to a statement on Wednesday.
In a separate statement, the fund announced that Mahathir Mohamad, who was appointed as its chairman in July last year, has stepped down as chairman and member of the board, effective March 25.
Former Goldman head Eiji Ueda joins Japan’s GPIF
Eiji Ueda, the co-head of Goldman Sach’s securities division in Asia, has joined Japan’s 169 trillion yen ($1.5 trillion) pension fund as executive managing director and chief investment officer.
Ueda, who left Goldman Sachs end of last year, has started its new role in GPIF Tokyo since April 1, according to the pension fund website.
He replaced Hiromichi Mizuno, who left the Japanese state fund after a five-year run as its chief investment officer.