Malaysia Venture Capital Management Berhad (MAVCAP) on Monday announced the appointment of Noor Amy Ismail as Chief Operating Officer (COO) and Paramjit Singh Gill as Chief Investment Officer (CIO), effective August 1.

“As the largest venture capital (VC) firm in Malaysia, it is our mandate by the Government of Malaysia to continuously advance the tech industry by onboarding highly capable professionals from abroad and locally with global familiarity,

“We are fortunate to have individuals of Noor’s and Paramjit’s calibre and expertise to spearhead MAVCAP’s impact investment based on sustainability measurement and digital transformation under the leadership of our Chief Executive Officer, Shahril Anas Hassan Aziz,” MAVCAP chairman Tunku Alizakri Alias said in a statement.

Noor Amy Ismail, MAVCAP COO, brings close to 24 years of corporate and small and medium enterprises (SMEs) experience across diverse industries in Malaysia and internationally.

She has held leadership roles with firms such as Deloitte Touche, Media Prima Berhad, the Prime Minister’s Office of Malaysia, MediaCorp of Temasek Holdings (Singapore), InvestKL and FGV Holdings Berhad, amongst others, and co-founded a logistic and self-storage SME since 2006.

Having spent years in London, she has contributed to the United Kingdom’s (UK) Department of Business, Energy, Industrial and Strategy in the development of a MYR3 billion ($670 million) anchor collaboration initiative supporting over 30,000 SMEs in the UK to level-up their digital strategy and execution and co-founded two food and beverage outlets in Bayswater, London.

She is a Sloan Fellow from the London Business School and currently a Doctoral (PhD) candidate at Brunel University, London, specialising in Malaysia’s SMEs inter-collaboration framework for digital adoption.

She is also a council member of a global social impact NGO supported by Social Value International.

MAVCAP CIO, Paramjit Singh Gill, has extensive experience spanning over 13 years in regional corporate investment banking, structured finance and private equity.

He began his career at Maybank Investment Bank Berhad and subsequently joined OCBC Bank Berhad as Director and Country Head of Malaysia for Mezzanine Capital Unit with assets under management of over MYR3 billion ($670 million).

During his tenure, he led various regional corporate transactions across the bank’s core markets covering various sectors and industries.

“Both talents have in-depth experience and proven outstanding track records, and we are confident that they will continue to further drive MAVCAP forward in championing a vibrant VC ecosystem for Malaysia and spurring local and regional opportunities for tech start-ups and entrepreneurs,” said Shahril Anas Hassan Aziz, MAVCAP Chief Executive Officer.

MAVCAP is Malaysia’s largest VC company in the technology space. Established in 2001, it has a portfolio value of almost MYR5 billion ($1.12 billion) in the funds that the firm and its private sector partners manage.

As a government-backed VC under the purview of the Ministry of Finance and Ministry of Science Technology and Innovation, the firm has been championing the government’s mandate by developing local VC talent, creating local VC companies and attracting foreign VCs and funding into Malaysia.

Malaysia’s MAVCAP launches two new tech-focused venture capital funds, targets total fund size of $38.26M