Malaysia’s Armed Forces Fund Board has tapped Haizad Rizal from civil service pension fund Kumpulan Wang Persaraan (KWAP) as its new chief financial officer to succeed Mohammad Ashraf Md Radzi, who was promoted to chief executive in March.
The fund, known locally as LTAT, announced Haizad’s appointment in a statement recently. He had held the same position at KWAP.
According to Mohammad Ashraf, Haizad’s “extensive expertise will be instrumental in guiding LTAT towards continued growth and operational integrity”, and that he will “strengthen our commitment to the well-being of the members of the armed forces, bolstering our efforts to deliver comprehensive social protection to those who serve our nation”.
LTAT had 11.54 billion ringgit (US$2.66 billion) of assets under management as of end-2023.
