THE Employees Provident Fund (EPF) has announced new appointments to its senior management team.
Rohaya Mohammad Yusof (pic) has been appointed chief investment officer. This position was held by former deputy chief executive officer (investment) Datuk Mohamad Nasir Ab Latif who retired on Dec 31 last year.
Rohaya joined EPF in 2008 as head of corporate finance (investment) before heading the fund’s capital markets division. She would go on to head the private markets division prior to her appointment as the new CIO.
Also, Nurhisham Hussein has been appointed the fund’s chief strategy officer. Nurhisham, who joined EPF in 2014, was the fund’s head of economics and capital markets. Prior to his stint at EPF, Nurhisham served at Malaysian Rating Corporation Bhd, Permodalan Nasional Bhd and Affin Bank Bhd.
EPF chief executive officer Tunku Alizakri Alias noted the appointments “put a lot of priority” on talent and leadership succession. “Rohaya and Nurhisham are internal promotions, as they both have spent a significant number of years in EPF in various capacities. Both have a keen understanding of the uniqueness of our establishment as a long-term, member-linked investment fund,” he said in a Jan 7 statement.
For the third quarter ended Sept 30, 2019 (3Q19), EPF registered total investment income of RM13.5 bil, or 7.6% lower than the RM14.61 bil posted in the same quarter of 2018.
Weak market conditions coupled with global uncertainties such as the protracted US-China trade war were among the reasons for lower 3Q19 earnings, EPF said in a Dec 13 statement.
EPF, the country’s largest institutional fund, has been projected to breach the RM1 tril mark for assets under management in less than two years.
