THE Amanah Saham Malaysia (ASM) fund size will be increased by RM5bil in line with the unity government’s commitment to ensure the equality of multiracial society, according to Permodalan Nasional Bhd (PNB).
KUALA LUMPUR: The Amanah Saham Malaysia (ASM) fund size will be increased by RM5 billion in line with the Unity Government’s commitment to ensure the equality of multiracial society, Permodalan Nasional Bhd (PNB) said.
He succeeds former central banker Zeti Aziz whose three-year term ended on April 30.
Arifin was the Chief Justice of Malaysia from 2011 to 2017.
Yayasan Pelaburan Bumiputra, the foundation which is PNB’s parent, announced the appointment in a statement on May 7. It did not specify the length of Arifin’s term.
The foundation also named Norazah Razali, a senior adviser at Boston Consulting Group, as a PNB board member.
PNB had over 300 billion ringgit (US$76.8 billion) of assets under management as of end-2020.
Thursday, 06 May 2021 06:59 PM MYT
Tun Arifin Zakaria delivers his opening speech for the International Malaysian Law Conference in Kuala Lumpur in this file picture taken on September 24, 2014. Picture by Choo Choy May
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KUALA LUMPUR, May 6 Tun Arifin Zakaria has been appointed as Permodalan Nasional Bhd (PNB) group chairman and Yayasan Pelaburan Bumiputra (YPB) trustee effective today.
Announcing this in a statement today, PNB said he was chief justice of Malaysia between 2011 and 2017, and chief judge of the High Court from 2008 to 2011.
It said YPB has also announced the appointment of Datin Norazah Razali to the PNB board of directors with effect from May 6, 2021.