Khazanah considers closing London office

KUALA LUMPUR: Khazanah Nasional Bhd, Malaysia’s sovereign wealth fund, is considering closing its London office to cut operating costs as uncertainty over the United Kingdom’s exit from the European Union (EU) looms.

High-cost based operations “may not go well with our plans for the near future, so we are looking at closing our London office,” Datuk Shahril Ridza Ridzuan (pic), Khazanah’s managing director, said in an interview in Kuala Lumpur on Tuesday. The decision is “less to do with Brexit but more to do with our plans in the near future”, he said.