Khazanah’s investments division to be led by Noorazman and Chan

MD of Khazanah Nasional Bhd Tan Sri Azman Mokhtar talks to reporters during the 11th Khazanah Annual Review . M. Azhar Arif/The Star 14 JAN 2015

KUALA LUMPUR: Datuk Noorazman Abdul Aziz and Datuk Ben Chan will jointly lead the Khazanah Nasional Bhd’s investments division for a seven-month interim period from June 1, as the current head, Datuk Dominic Silva, will be leaving the company.

In a statement, the Government’s strategic investment arm said Silva would step down on July 31 after nine years serving Khazanah.

However, he will continue to represent the fund as a nominee non-executive director on the board of Avicennia Capital Sdn Bhd, the wholly-owned insurance holding company of Khazanah.
  
Noorazman, who is executive director (investments), and Chan, who is Khazanah Nasional Consulting (Beijing) Co Ltd executive director, will take over Silva’s role as a transition following his departure and to facilitate longer-term succession planning, 

Noorazman will be executive director and co-head of investments (divisional management) and Chan will be executive director and co-head of investments (transactions).

Ahmad Farouk Mohammed, an executive director (investments) will leave Khazanah on April 30 after serving the company for 11 years. He will assume the role of chief strategy officer at Avicennia Capital Sdn Bhd.

Farouk will also continue to represent Khazanah as a nominee non-executive director on the board of Cenviro Sdn Bhd.

Datuk Mohd Izani Ghani, who is executive director (finance) and chief financial officer, will be appointed as executive director (investments) with effect from June 1. His responsibilities will include overseeing the operations of Khazanah Turkey regional office.

Finance director Faridah Bakar Ali will take over as chief financial officer from the same date.

Two director of investments, Nik Rizal Kamil and Serena Tan Mei Shwen, have earlier been promoted to executive director (investments). Their appointments were effective April 1.

In addition, Roni Lihawa Abdul Wahab will rejoin Khazanah as executive director on May 1 from HSBC Bank Malaysia Bhd, where he is currently managing director and head of global banking.

Rounding out the senior leadership team (SLT) changes is Suhana Dewi Selamat, who became director (managing director’s office) and chief risk officer on Feb 1 after Ati Othman left, having served for eight years.

With these latest changes, Khazanah’s SLT led by managing director Tan Sri Azman Mokhtar will have 21 members.