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Ex-KWAP CEO Wan Kamaruzzaman lands MBSB chairman position.

image via BH


KUALA LUMPUR (Jan 24): Malaysia Building Society Bhd (MBSB) has swiftly appointed the former CEO of Kumpulan Wang Persaraan (Diperbadankan) (KWAP), Datuk Wan Kamaruzzaman Wan Ahmad, as its chairman with immediate effect.


This move comes after the unfortunate passing of MBSB's previous chairman, Tan Sri Azlan Zainol, in January last year.


In a filing to Bursa Malaysia on Wednesday, MBSB announced that Wan Kamaruzzaman, 64, also holds several directorships, including roles in Malaysian Resources Corp Bhd (MRCB) and Bermaz Auto Bhd.


“Wan Kamaruzaman was KWAP CEO, the government of Malaysia public sector pension fund from May 2013 until November 2018.


“He was previously the chairman of Bank of America Malaysia Bhd, an independent non-executive director of Bursa Malaysia Bhd and has also served as an advisory committee member to the Financial Times Stock Exchange (FTSE) Russel, London, board member at Pacific Trustee Sdn Bhd, Nomura Islamic Asset Management Sdn Bhd, and RHL Ventures Advisory Sdn Bhd, chairman of the Institutional Investors Council Malaysia and Board member of Malakoff Corp Bhd and Prima Ekuiti (UK) Ltd, among others,” the statement said.


In a separate announcement, MBSB also revealed the redesignation of its independent director, Lynette Yeow Su-Yin, as an independent and non-executive director effective immediately.


It also noted the departure of independent director Datin Hoi Lai Ping due to personal reasons.

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