Kumpulan Wang Persaraan (KWAP), Malaysia’s $31 billion public pension fund, has appointed a new CIO.
Nik Amlizan Mohamed has taken on the role with immediate effect, the pension said in a statement. She succeeds Ahmad Norhisham Hassan, who died suddenly in February after less than a year in the role.
Mohamed joined KWAP in 2007 as head of equity, and was promoted to senior director of equity in February this year. She is also a board member of Prima Ekuiti, a London-listed subsidiary of KWAP responsible for equity investments.
Before joining the pension, Mohamed was head of equity (ethical/Syariah) at Malaysian fund manager RHB Asset Management.
KWAP was established in 2007 to manage and administer pensions for Malaysia’s state employees. It is the second biggest pension fund in the country at 99.9 billion ringgit ($31.2 billion), after the $160 billion Employees’ Provident Fund.
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