KUALA LUMPUR: Gamuda Bhd has appointed investment banker Mohammed Rashdan Yusof as deputy group managing director, in charge of its sprawling property business.
The appointment is effective May 1.
"He will work alongside deputy group managing director, Datuk Ir Ha Tiing Tai, who will continue to lead Gamuda Engineering," the company said a statement today.
Both the deputy group MDs will report to group managing director Datuk Lin Yun Ling.
"With the roles streamlined, both Ha and Rashdan will be well-positioned to steer the group towards delivering the strong growth it expects to achieve over the next five years," Gamuda said.
Rashdan, 47, will lead the group's property business by providing strategic direction and exploring collaborative partnerships with the aim of harnessing the value of Gamuda Land’s vast landbank.
He will also spearhead Gamuda’s significant investment into technology and innovation.
"In line with this, he will play a key role in growing the business for Gamuda IBS, the country’s first digital and robotic Industrialised Building System facility in Malaysia," Gamuda said.
Rashdan corporate experience comes from heading up key portfolios in various government linked companies and corporate advisory firms.
Prior to his appointment, Rashdan was the managing director in QuantePhi Sdn Bhd, an advisory firm he founded in 2012.