Politics help fuel CEO turnover at Malaysia state funds
Experts say the recent changes of chief executives at state investment funds PNB, EPF and Kwap all have similar explanations, with Khazanah potentially being next.
Could Khazanah Nasional’s chief executive become the latest to lose his position at a top Malaysian asset owner?
Speculation is mounting that Shahril Ridza Ridzuan will not have his three-year term renewed when it expires in August, after the $31 billion sovereign wealth fund unveiled disappointing 2020 financial results on March 4.
If he does fail to retain his position, he would be the latest CEO to leave one of Malaysia’s leading government-linked investment companies (GLICs)…
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