People Digest: Malaysia’s PNB names new CIO; AmBank appoints chairman

PNB chief investment officer Hanizan Hood

Malaysia’s state-owned investment fund Permodalan Nasional Bhd (PNB) has announced the retirement of its deputy president and group COO for asset management and, at the same time, named its new chief investment officer. AmBank (M) Bhd has named one of its board of directors Voon Seng Chuan as its new chairman.

Malaysia-based PNB’s group names new CIO; COO retires

Malaysia’s state-owned strategic investment fund Permodalan Nasional Bhd (PNB) has announced the retirement of its deputy president and group COO for asset management Idris Kechot who has been with the fund for more than 34 years, effective December 31, 2018, it said in a statement on Wednesday.

“Idris has been a long standing and valuable member of PNB’s senior management team. On behalf of the board of directors, management and staff of PNB, I would like to express our sincere gratitude to Idris for his tremendous contribution to the PNB Group,” said PNB group chairman Zeti Aziz.

Meanwhile, PNB has named Hanizan Hood as its new chief investment officer, effective January 1, 2019. In her new role, Hanizan will lead the day-to-day oversight of all the operating units within the asset management division.

An economics graduate from Northwester University in the US, Hanizan has been with PNB, which has an AUM of over RM295 billion ($71 billion), for about 22 years and has served in various capacities in the areas of equity research, money market, fixed income and portfolio management.

AmBank appoints new chairman

AMMB Holdings Bhd has appointed Voon Seng Chuan (pic) as the new chairman of AmBank (M) Bhd with effect from January 1, 2019, it said in a stock filing on Monday.

“Voon, a Malaysian, aged 60, has been a member of the board of directors of AmBank since June 18, 2015. He is also a member of the board of directors of AMMB,” AMMB said.

Voon replaces Tan Sri Azman Hashim, 79, who will be retiring from six entities in the AmBank group in stages over a two-year period announced last year.

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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. 
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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.