Long haul seen for restructuring of LTAT's companies

New chief, old guard: Nik Amlizan (right) has taken over LTAT

PETALING JAYA: The effective restructuring of companies under the Armed Forces Fund Board (LTAT) to see that its assets return better yields is expected to be a long haul exercise.

Although LTAT has a new chief executive in Nik Amlizan Mohamed effective September this year, the organisation and the people managing the subsidiary are still very much the old guards, sources said.