Sime Darby says Abdul Rahman its new chairman from Oct 31

28 Aug 2019 / 14:44 H.

PETALING JAYA: Permodalan Nasional Berhad (PNB) today announced the departure of its president & group CEO Datuk Abdul Rahman Ahmad (pix) upon the completion of his contract on Sept 30.

Abdul Rahman will be succeeded by Jalil Rasheed with effect from Oct 1. Jalil is currently the CEO of the South Asian operations for Invesco, a global investment firm managing more than US$1.2 trillion across a multiple range of asset classes in over 25 countries.

“Previously based overseas, his appointment is in line with the government’s wish to make optimal use of Malaysian global talents and consistent with PNB’s strategic initiative to diversify its assets globally,” said PNB in a statement today.

Jalil is a holder of Bachelor of Science in Accounting and Finance (Hons) from The London School of Economics & Political Science, UK.

He began his career in 2003 as a graduate trainee at Aberdeen Standard Investments and rose through the ranks to become investment manager and later, head of equities before assuming the role of CEO at Aberdeen Islamic Asset Management in 2010.

He left Aberdeen to join Invesco in 2013 and has been the CEO (South Asia) at Invesco since then.

Meanwhile, Abdul Rahman will be joining Sime Darby Bhd as its new chairman to replace Tan Sri Dr Wan Abdul Aziz Wan Abdullah, who will be retiring from the board effective Oct 31 due to health reason.

Under the transition, Abdul Rahman will join the board as a non-independent non-executive director on Sept 1 and subsequently assume the role of chairman on Oct 31.

Prior to the post, he held the role of director and CEO of Ekuiti Nasional Bhd, a government-linked private equity firm and he had also served as Media Prima Bhd group managing director and CEO.

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