In a statement today, MAVCAP said Shahril has more than 25 years of experience in the investment industry, including venture capital (VC), with an extensive expertise in investment and fundraising.
"Given his in-depth experience and proven track record, we are confident that Shahril will continue to drive MAVCAP in cultivating a vibrant VC ecosystem for Malaysia, and also spurring local and regional opportunities for start-ups and entrepreneurs,” said MAVCAP chairman Datuk Noharuddin Nordin.
Having joined MAVCAP in 2015, Shahril has been noted for his instrumental role in collaborating with foreign partners and corporate partners to create VC funds, known as the Strategic Funds model.
"As a result, MAVCAP has become the largest government-owned entity with a total portfolio value of approximately RM5 billion in funds between MAVCAP and private sector partners, both domestic and foreign,” it said, adding that Shahril’s appointment is for a period of two years.
Through the VC funds created with partners via the Strategic Funds model, the new CEO would continue to be actively involved in nurturing start-up companies in the information and communications technology (ICT) industry as well as other high-growth industries such as the Internet of Things, e-commerce and fintech, MAVCAP added.
Prior to joining MAVCAP, Shahril had worked with the Employees Provident Fund (EPF), Malaysian Technology Development Corporation and Unit Peneraju Bumiputera (TERAJU), a unit in the Prime Minister's Department, among others.
He holds a Bachelors Degree in Economics (Hons) from International Islamic University, Kuala Lumpur. - Bernama