Axiata names Nik Rizal Kamil as Group CFO effective Jan 1, 2024

AXIATA Group Berhad has announced the appointment of Nik Rizal Kamil Nik Ibrahim Kamil as its Group Chief Financial Officer with effect from Jan 1, 2024.

Nik Rizal’s appointment will be instrumental in driving the Group’s aspiration towards becoming a sustainable dividend company.

He will take over from Lila Azmin Abdullah, who has held the post as acting Group CFO since March 24, 2023 in addition to her role as Group Chief Corporate Development Officer at Axiata.

Nik Rizal joins Axiata with a wealth of experience and knowledge in business finance, investments and accounting. His last position was as Group CFO at RHB Bank, a position he held since February 2021.

Prior to that, Nik Rizal was with Khazanah Nasional as Executive Director, Investments, leading investment and divestments projects, value creation activities and overall private equity asset class strategy execution both domestically and internationally in the areas of Telecommunications, Media and Technology.

Nik Rizal also served on the Boards of Telekom Malaysia and Astro Malaysia Holdings Berhad.

His previous work experience also includes stints with Royal Dutch Shell PLC, Arthur Andersen & Co (now known as Ernst & Young PLT) and Coopers & Lybrand (now known as PricewaterhouseCoopers) in London.

Nik Rizal holds a MSc Finance from London Business School and a BSc (Hons) Economics & Accounting from University of Bristol, United Kingdom.

He is also a Fellow Chartered Accountant (FCA) and Business Finance Professional (BFP) with the Institute of Chartered Accountants in England and Wales (ICAEW) and a member of Malaysian Institute of Accountants (MIA).

Commenting on Nik Rizal’s appointment, Axiata Group CEO and managing director Vivek Sood said Nik Rizal’s impressive background in both finance and investment portfolio management makes him a right fit for this pivotal role as Group CFO, as Axiata embarks on the next phase of our transformation journey from Telco to TechCo.

Vivek said Nik Rizal’s deep expertise in all aspects of corporate finance, accounting and financial planning will drive Axiata’s strategic priorities for disciplined capital allocation, execution on portfolio strategy and treasury management.

“I am confident that Nik Rizal’s leadership capabilities will enable the Group to further optimise our investment portfolio to ensure sustainable growth and long-term value for our shareholders,” he added. – Dec 5, 2023


Main pic credit: Khazanah Nasional Berhad

Subscribe and get top news delivered to your Inbox everyday for FREE