News

Malaysia: PNB names new chief investment officer

Kuala_LumpurMalaysia’s largest asset management firm, Permodalan Nasional Berhad (PNB), has announced the appointment of Hanizan Hood as chief investment officer. Hood’s new role was effective as of January 1, 2019. She will take charge of the “day-to-day oversight of all the operating units within the asset management division, namely fund management, strategic asset allocation, equity market operations, fixed income, investment analysis and economics departments,” a statement from PNB said. Hood’s career with PNB spans 22 years and she has experience in equity research, money market, fixed income and portfolio management. Meanwhile, the government-linked fund also announced the retirement of its deputy president and group chief operating officer for asset management, Datuk Idris Kechot, who was with the firm for more than 34 years. His retirement was effective as of December 31, 2018. PNB has $71 billion in assets under management, it claims. ©2019 funds global asia

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