Expert board for Sarawak sovereign fund

Abang Johari said the state government is seeking “guardians” who can act both professionally and transparently to make sure that the fund is well-protected. — Bernama

PETALING JAYA: The Sarawak government is looking to form a Board of Guardians, comprising eight finance and investment experts and professionals, to provide professional management for its sovereign wealth fund, says Sarawak Premier Tan Sri Abang Johari Tun Openg.

Speaking at the the fifth Malaysian Banking and Finance Summit, Abang Johari, who was the guest of honour, said the state government is seeking “guardians” who can act both professionally and transparently to make sure that the fund is well-protected, regardless of their origins, extending beyond Sarawak and not limited solely to Malaysians.