Nik Amlizan Mohamed, chief executive officer of Kumpulan Wang Persaraan (KWAP), Malaysia’s second largest pension fund, is expected to step down at the end of the month after five years on the job, according to local business paper The Edge, citing sources familiar with the matter.
Hazman Hilmi Sallahuddin, KWAP’s chief investment officer, is a possible successor, as is an unidentified external candidate, the paper says in a report on November 15.
The publication sought a response from KWAP and was told there are “no updates to share on leadership matters at this time”, and that Nik Amlizan continues to lead the fund and “remained focused on delivering its priorities”.
Nik Amlizan worked at KWAP from 2007 to 2018 in various roles, including chief investment officer.
She left to head the Malaysian Armed Forces Fund Board in October 2018 and returned to KWAP in November 2020 as CEO.
KWAP manages the retirement savings of civil servants, with more than 170 billion ringgit (US$40.77 billion) of assets under management as of end-2024.
