PETALING JAYA: Malaysia Debt Ventures Bhd (MDV), a subsidiary of the Minister of Finance (Incorporated) and an agency under the purview of the Ministry of Science, Technology and Innovation, has appointed Rizal Fauzi as its new chief executive officer (CEO) effective Aug 1, 2024.
In a statement, MDV said Rizal succeeds Nizam Mohamed Nadzri, whose term ended in February 2024 after serving as CEO since 2018.
“Rizal, who also served as Acting CEO following Nizam’s departure, brings with him more than 27 years of corporate experience, having held various key roles and driving critical business functions throughout his career.
“He has dedicated 22 of those years to MDV where his extensive experience and leadership have been instrumental in shaping the company’s direction.
Rizal’s substantial tenure at MDV includes holding senior positions in the business division, where he was responsible for overseeing business and project monitoring during the company’s rapid expansion phase, gaining solid exposures to end-to-end business and operational management.
He was later entrusted to lead the risk management division as the senior vice president before being promoted to executive vice president, where he served as MDV’s chief risk, integrity and governance officer from 2018 until early 2024.
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