The Board of the Employees Provident Fund (EPF) has announced the appointment of Ahmad Zulqarnain Onn as its new Chief Executive Officer (CEO), effective Feb 19.

Previously helming Permodalan Nasional Bhd (PNB) as President and Group Chief Executive, Zulqarnain succeeds Amir Hamzah Azizan, who was appointed as the Minister of Finance II in Malaysia, after leading the fund since March 1, 2021, EPF said in a statement on Friday.

According to the statement, Zulqarnain brings with him strong corporate background, having served as the Chief Executive Officer of Danajamin Nasional Berhad, the Deputy Managing Director of Khazanah Nasional Berhad, and the President and Group Chief Executive of Permodalan Nasional Berhad (PNB) before joining the EPF.

He has a Bachelor’s Degree in Economics from Harvard University.

“The EPF Board extends their heartfelt gratitude to Datuk Seri Amir Hamzah for his exemplary service to the EPF and significant contributions and achievements, which have positioned the EPF for continued success,” EPF Chairman Ahmad Badri Mohd Zahir said.

“At the same time, we would like to welcome and congratulate Encik Ahmad Zulqarnain on his appointment as the new EPF Chief Executive Officer,

“With his extensive corporate experience, we are looking forward to his dynamic and focused leadership to drive the EPF to greater heights,” he said.

He added that the entire EPF team is committed to ensuring a seamless transition and looks forward to Zulqarnain’s leadership and strategic direction in fulfilling EPF’s mission to safeguard the retirement future and wellbeing of EPF’s 15.9 million members.

The EPF is Malaysia’s retirement savings fund helping its members achieve adequate savings for a comfortable retirement.

The fund’s vision to help members achieve a better future and its mission to safeguard members’ savings and deliver excellent services.

The EPF has evolved significantly from a transaction-centric to a professional fund management organization with a strong focus on retirement security.

The EPF is guided by a robust and professional governance framework when making investment decisions.

It continues to play a catalytic role in the nation’s economic growth and seeks to cultivate a savings and investment culture among its members to improve the country’s financial literacy level.

Malaysia to appoint PNB chief to lead country’s largest pension fund EPF – Reuters