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November 2022
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Malaysia pension fund KWAP hires Hazman Hilmi Sallahuddin as CIO

KWAP, which manages the retirement savings of civil servants, has about 150 billion ringgit (US$35.84 billion) of assets under management
By Goh Thean Eu   
January 5, 2022

Malaysia’s second largest pension fund Kumpulan Wang Persaraan (KWAP) has hired Hazman Hilmi Sallahuddin as chief investment officer to replace Azmeen Adnan, who left in October 2020.

He joins the pension fund from Damansara Assets, where he was the managing director. The real estate firm is owned by Johor Corp, a company belonging to the Johor state government.

“Hazman has multi-sector experience in private equity and venture capital investments with a focus on strategy, investment execution, deal negotiations and value creation planning,” KWAP says in a statement announcing the appointment on January 3.

Before Damansara Assets, Hazman was chief executive officer of AMAL by Malaysia Airlines, an aviation company which provides chartered and scheduled flights for haj pilgrims to Mecca.

He also worked at sovereign wealth fund Khazanah Nasional in various roles for 12 years, including as senior vice president of Khazanah Europe Investment, and vice president of Khazanah’s regional office in Turkey.

KWAP, which manages the retirement savings of civil servants, currently has 150 billion ringgit (US$35.84 billion) of assets under management.