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The board of Malaysia’s RM1 trillion ($211.5 billion) Employees Provident Fund has hired Encik Ahmad Zulkarnain Ong as its new CEO, effective February 19. His successor will be Datuk Seri Amir Hamza Azizan, who was appointed as the second finance minister in December to lead the Malaysian government. The fund was launched in March 2021.
Ahmad Zulkarnain, who most recently served as president and group chief executive officer of Malaysian investment management company Permodalan Nasional Berhad, will take his resignation effective February 16. Before joining PNB in 2020, he worked at Khazanah Nasional Berhad, a Malaysian sovereign wealth fund. For six years he served first as managing director and then as deputy managing director. Prior to that, he served as CEO of Danajamin Nasional Berhad for five years.
“We would like to welcome and congratulate Mr Encik Ahmad Zulkarnain on his appointment as the new EPF CEO,” EPF Chairman Tan Sri Ahmad Badri Mohd Zahir said in a release. “With his extensive corporate experience, we look forward to his dynamic and focused leadership as we take EPF to new heights.”
According to EPF, Hamza has played a “pivotal role in EPF’s growth and success” and his key accomplishments include guiding the fund through various economic cycles and challenges and delivering consistently positive investment returns. It included achieving growth.
“The EPF Board of Directors would like to express its sincere gratitude to Datuk Seri Amir Hamza for his exemplary service to EPF and for his significant contributions and accomplishments that have led to EPF’s continued success.” Zahir said.
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Tags: Datuk Seri Amir Hamza Azizan II Finance Minister, Employees Provident Fund, EPF, Malaysia, Permodalan National Park, PNB, Tan Sri Ahmad Badri Mohd Zahir
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