Malaysia\u2019s second largest pension fund Kumpulan Wang Persaraan (KWAP) has appointed Azmi Abdullah as acting chief executive officer as it searches for a successor to Nik Amlizan Nik Mohamed, according to two people \u00a0familiar with the matter.<\/p>\n
Nik Amlizan left on March 31 after completing her five-year term as CEO of KWAP, which manages the retirement savings of civil servants. The fund had 185.6 billion ringgit (US$ 46.9 billion) \u00a0of assets at the end of 2024, the latest publicly available figure.\u00a0<\/p>\n
Azmi, who was the first CEO of local lender SME Bank, is a member of KWAP\u2019s board. He also sits on the boards of Transnational Insurance Brokers, e-wallet firm Bayo Pay, and ECS Solutions, an accounting solutions firm.<\/p>\n
The people familiar with the matter tell Asia Asset Management that Nik Amlizan had wanted Hazman Hilmi Sallahuddin, KWAP\u2019s chief investment officer, to be her successor.<\/p>\n
They say the fact that he wasn\u2019t appointed suggests that the government\u2019s representatives on the fund\u2019s board may have disagreed with her choice.<\/p>\n
Local business newspaper The Edge reported earlier this month that \u00a0Nurhisham Hussein, a senior director of economy and finance at the Prime Minister\u2019s Office, and Jay Khairil, the CEO \u00a0of local lender Bank Simpanan Nasional, are front runners for the job. \u00a0<\/p>\n
KWAP spokespersons did not immediately respond to questions from Asia Asset Management.<\/p>\n","protected":false},"excerpt":{"rendered":"Malaysia\u2019s second largest pension fund Kumpulan Wang Persaraan (KWAP) has appointed Azmi Abdullah as acting chief executive officer…\n","protected":false},"author":2,"featured_media":402079,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[114,268,85,46,6972,266,267],"class_list":{"0":"post-402078","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-finance","10":"tag-il","11":"tag-israel","12":"tag-pension-funds","13":"tag-personal-finance","14":"tag-personalfinance"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/402078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=402078"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/402078\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/402079"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=402078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=402078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=402078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}