Malaysia set to appoint PNB chief to lead EPF, say sources

KUALA LUMPUR, Jan 25 ― Malaysia is expected to name Ahmad Zulqarnain Onn, group CEO of the country’s largest asset manager Permodalan Nasional Berhad (PNB), as the head of its biggest state pension fund, three people familiar with the matter said.

The appointment will fill the role left vacant after Prime Minister Datuk Seri Anwar Ibrahim in December named Datuk Seri Amir Hamzah Azizan, the previous CEO of the Employees Provident Fund (EPF), as second finance minister in a Cabinet reshuffle.

Ahmad Zulqarnain’s appointment is expected to be announced as early as at the end of January, two of the sources said.

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