KUALA LUMPUR: Permodalan Nasional Bhd (PNB) announced the new line-up of its 16-member leadership team and also the retirement of its deputy president, strategic investments and the appointment of a new group head of treasury.
It said on Thursday Datin Paduka Kartini Abdul Manaf (pic below) retired from her position as deputy president, strategic investments, with effect from Jan 1.
It added Hafizuddin Sulaiman was appointed group head of the newly established treasury division, responsible for managing the overall capital and liquidity management of the business, including fund raising and liability management.
PNB said the new line-up was to streamline its organisation structure to better reflect the respective core functions and scope of its business units to emulate best practices of leading global asset managers.
This was to ensure greater operational efficiency across the board and further enhance performance levels, it said.
Kartini was with PNB for 36 years where she had served in various capacities and was involved in diverse aspects of investment management and corporate finance, mergers and acquisitions, corporate restructuring, portfolio management, property investment as well as business development.
Prior to assuming her last position at PNB, she was the chief strategy officer, heading the office of president & group chief executive.
Both the strategic investments and private markets divisions, which were under the purview of Kartini previously, now report directly to the president & group chief executive Jalil Rasheed.
PNB group chairman, Tan Sri Dr Zeti Aziz said Kartini has been a longstanding key member of PNB’s senior management team, driving PNB’s major merger and acquisition exercises.
“She has also been instrumental in fostering a strong rapport with PNB’s investee companies, ” she said.
Zeti said on behalf of the board of directors and the PNB family, “I would like to express our gratitude and sincere appreciation to Datin Paduka Kartini for her immense contribution to the Group.
“We wish her well and look forward to continue working with Datin Paduka in her role as PNB’s nominee director on the boards of some of our investee companies.”
On Hafizuddin's role as goup head of the newly established treasury division, PNB said he would be responsible for managing the overall capital and liquidity management of the business, including fund raising and liability management.
This new function was formed in line with PNB’s overall portfolio diversification strategy which includes increasing its global investment exposure.
Hafizuddin brings with him extensive experience in the areas of fund raising and financial reporting from his tenure in Khazanah Nasional Bhd and Ernst & Young Kuala Lumpur.
PNB said as a result, alongside the president & group chief executive PGCE, the new Leadership Team which comprises 16 senior management personnel who each heads a core business function within PNB is as follows:-
1. Jalil Rasheed, President & Group Chief Executive
2. Datuk Mohd Nizam Zainordin, Deputy President & Group Chief Financial Officer
3. Hanizan Hood, Chief Investment Officer, Public Markets
4. Rick Ramli, Chief Investment Officer, Real Estate
5. Mohammad Hussin, Chief Executive Officer & Executive Director, ASNB
6. Mohamad Idros Mosin, Group Head, Strategic Investments
7. Mohd Irwan Ahmad Mustafa @ Mustafa, Group Head, Private Markets
8. Fadzihan Abbas Mohamed Ramlee, Chief Strategy Officer
9. Hafizuddin Sulaiman, Group Head, Treasury
10. Adibah Khairiah Ismail @ Daud, Group Head, Company Secretary & Legal
11. Aziz Anuar, Group Head, Public Affairs
12. Muzzaffar Othman, Chief Technology Officer
13. Aida Md Daud, Group Head, Human Capital
14. Suzana Ahmad, Chief Risk Officer
15. Fairuz Suzana Kamaruddin, Group Head, Compliance & Integrity
16. Noramly Bachok @ Abdul Aziz, Head, Internal Assurance
17. Dr. Ahmad Basri Ibrahim, Head, Shariah Management
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