Abdul Jalil to quit role as CEO of Aberdeen Islamic Asset Management
22 January 2013
News, Asia, Malaysia
By Toby Garrod
Abdul Jalil is set to leave Aberdeen Islamic Asset Management on March 6 after spending the last nine years with the firm, most recently as CEO. He has yet to reveal his upcoming position.
“All I can say is that I will be managing a regional fund with a mandate to build a team in Singapore,” he tells Asia Asset Management. “After some time off, my family and I will relocate to Singapore in the second quarter of this year.”
Mr. Jalil joined Aberdeen Islamic Asset Management as a graduate trainee and has since spent a third of his life there.
“The business today is strong, growing from five staff to 16 today, from zero AUM to US$2.5 billion. Today Aberdeen is the largest foreign institutional equity investor in Malaysia,” he says. “I’m fortunate to have been involved in establishing two businesses, restructuring an acquired business and launching the group’s maiden shariah funds.
“Its the single most difficult decision I've had to make [leaving the firm] – on par with having to sell my motorcycle! Parting after nine years is difficult after being so emotionally attached, having established the Malaysian business greenfield.”
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