A reshuffle at the top of Malaysia's government-linked companies continues at the country's largest state-owned fund.
Jalil Rasheed, the CEO of Invesco Singapore, is reportedly leaving his role to take up the chief executive position at Permodalan Nasional, Malaysia's biggest state-owned fund.
He will replace Abdul Rahman Ahmad, who leaves his position as CEO next month, «Bloomberg» reported, citing people familiar with the matter.
According to «Bloomberg,» the fund has total assets totaling 301.4 billion ringgit ($72 billion) as of end-May. In 2016, it announced plans to grow its assets to 350 billion ringgit by 2022.
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According to his LinkedIn profile, Rasheed has worked for Invesco for more than six years, and is the regional head of its Southeast Asian business, fund manager for its Asian Equities team and leads the Asian Consumer and Asian Infrastructure specialist teams. He is also a board member of Invesco Singapore and a member of the Invesco’s Global Investment Committee.
He also worked at Aberdeen Standard Investments for almost 10 years, leaving the company as CEO of Aberdeen Malaysia.
