EPF's Shahril Ridza under consideration for Khazanah MD post


EPF chief executive officer Datuk Shahril Ridza Ridzuan: "The EPF has managed to record consistent performance in the quarter, driven by domestic and ASEAN markets, which recorded positive growth."T

KUALA LUMPUR: Datuk Shahril Ridza Ridzuan, chief executive officer of the Employees Provident Fund (EPF) is one of several names being considered for the post of Khazanah Nasional Bhd managing director.

The Edge Financial Daily cited sources as saying that Shahril Ridza, along with four other people, are being considered to fill the shoes of Tan Sri Azman Mokhtar, who left the sovereign wealth fund when its board of directors resigned from their posts last week.

According to the report, the other four names put forward are Raja Shahreen Raja Othman, CEO of Selangor's Menteri Besar Inc; Datuk Yusof Annuar Yaacob, CEO of Deutsche Bank (Malaysia); Datuk Charon Mokhzani, group managing director of Malaysian Industrial Development Finance Bhd; and Datuk Mohd Zafer Mohd Hasim, former CEO of Bank Pembangunan Malaysia Bhd.

The Prime Minister's Office had announced on Monday new members on Khazanah's board of directors, led by Prime Minister Dr Mahathir Mohamad as its new chairman. 

Of late, the state fund has come under fire from the new ruling government for making some poor investment decisions. Economic Affairs Minister Mohamed Azmin Ali said in parliament yesterday that among its write-offs, it had lost RM80mil in a failed online lingerie company.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

US weekly jobless claims unexpectedly fall
Thong Guan Industries to sell unit in related party transaction
7-Eleven Malaysia sees stronger 4Q ahead
Bitcoin marches towards US$100,000 on optimism over Trump crypto plans
Sunway Construction’s net profit rises to RM46.47mil in 3Q24
Bank Islam launches new digital banking platforms
Mega First’s net profit rises to RM116.64mil in 3Q
Fajarbaru net profit triples to RM8.42mil in 1Q25
Globetronics Partners with Taiwan's ChipMOS for Integrated Circuit Services
Hap Seng 3Q24 net profit soars nearly fourfold to RM193.11mil

Others Also Read