Khazanah announces changes to its senior leadership team

PETALING JAYA: Khazanah Nasional Bhd has announced several new appointments and changes to its senior leadership team as part of its periodic refresh and strengthening of the team.
The changes include two promotions namely Nik Rizal Kamil and Serena Tan Mei Shwen, both of whom have been promoted from director of investments to executive director of investments since April 1, 2017.
Roni Lihawa Abdul Wahab will rejoin Khazanah as executive director on May 1, 2017. He is currently the managing director and head of global banking at HSBC Bank Malaysia Bhd.
Executive director of finance and CFO Datuk Mohd Izani Ghani will be appointed as executive director of investments effective June 1, 2017. His responsibilities will include overseeing the operations of Khazanah Turkey regional office.
Director of finance Faridah Bakar Ali will be appointed as CFO effective June 1, 2017 while Suhana Dewi Selamat was appointed director in the managing director's office and chief risk officer since Feb 1, 2017.
Suhana assumed the role from Ati Othman, who left Khazanah on Jan 31, 2017, after serving for eight years.
Meanwhile, executive director of investments and head of investments Datuk Dominic Silva will be leaving Khazanah on July 31, 2017 after serving Khazanah for nine years. He will continue to represent Khazanah as a nominee non-executive director on the board of Avicennia Capital Sdn Bhd, the 100%-owned insurance holding company of Khazanah.
Executive director of investments Ahmad Farouk Mohammed will be leaving Khazanah on April 30, 2017 after serving Khazanah for 11 years.
He will assume the role of chief strategy officer at Avicennia Capital and will also continue to represent Khazanah as a nominee non-executive director on the board of Cenviro Sdn Bhd.
As a transition from Dominic's departure and to facilitate longer-term succession planning, executive director of investments Datuk Noorazman Abdul Aziz and Khazanah Nasional Consulting (Beijing) Company Limited executive director Datuk Ben Chan will jointly lead the investments division, for an interim period from June 1, 2017 till Dec 31, 2017.
Noorazman and Chan will be appointed executive director, co-head of investments (Divisional Management) and executive director, co-head of investments (Transactions), respectively.
Khazanah said the new appointments and changes to the team supplements its ongoing institutionalisation efforts, which are a key focus for the organisation.
With these changes, Khazanah's senior leadership team led by managing director Tan Sri Azman Mokhtar will have 21 members.