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20 January 2014

Khazanah announces additions and changes to its Senior Leadership Team

Khazanah Nasional Berhad (“Khazanah”), today announced several additions and changes to its Senior Leadership Team (“SLT”), namely:

  1. Datuk Ganen Sarvananthan, Executive Director and Head of Investments will be leaving Khazanah with the expiry of his current employment contract later this year. Datuk Ganen will move on 30th April 2014 to join global investment firm TPG Capital as a Partner and a Managing Director in its Asia Business.
  2. Dominic Silva, Executive Director of Investments, will assume the role of Head of Investments with effect from 1st February 2014.
  3. Zaida Khalida Shaari, Director of Investments, will be promoted to Executive Director, Investments with effect from 1st February 2014.
  4. Ahmad Zulqarnain Onn will join Khazanah on 1st  May 2014 as Executive Director of Investments, from Danajamin Nasional Berhad where he is currently the Chief Executive Officer.

The changes and appointments are part of Khazanah’s ongoing and periodic strengthening of its senior leadership team. The changes follow moves from last year that saw Dr. Nungsari Ahmad Radhi, Executive Director, Head of Research and Investment Strategy, taking up the position of Managing Director of Prokhas Sdn. Bhd., a unit of the Minister of Finance Incorporated, on 1st September 2013, and the subsequent appointment of Dato’ Charon Wardini Mokhzani as Executive Director of Khazanah and Managing Director of the Khazanah Research Institute (“KRiS”) on 6th November 2013. KRiS commenced operations on 1st January 2014.

Datuk Ganen joined Khazanah in October 2004 as Director, Investments and has spent more than nine years to date, including in his current role as Executive Director and Head of Investments. Khazanah Managing Director, Tan Sri Dato’  Azman Hj. Mokhtar said:“Ganen has been such a key part of Khazanah’s development as a firm and as an institution. His colleagues, peers and our many business partners and companies will all attest to his outstanding contribution that has gone well beyond his work in investments; as a key member of the senior leadership team and in support of many national and development initiatives across the wide spectrum of Khazanah’s mandate.”

“In his tenth year with Khazanah, we are particularly appreciative that he has devoted the largest part of his career to date with us, and on behalf of Khazanah, we bid him our most sincere thanks and wish him well as he resumes his career internationally in a senior position with one of world’s most well-known private equity
firms,” he added.

Dominic joined Khazanah in August 2008 as Director, Investments and was promoted to Executive Director, Investments in May 2010. He currently oversees the Financial Institutions and Creative & Media sectors; investments in the India region and the Investments Monitoring & Management Unit (“IMMU”). He is a Board member of CIMB Bank (Malaysia) Bhd., PT Bank CIMB Niaga, IDFC Ltd. (India) and Pinewood Iskandar Malaysia Studios Sdn. Bhd., amongst a number of other Khazanah investments. Prior to joining Khazanah, Dominic spent 18 years in international banking.

Zaida Khalida Shaari is currently Director, Investments at Khazanah. She joined in January 2007 as a Senior Vice President. Zaida has played a key role in the Khazanah’s joint investments in Singapore, and a number of Iskandar ventures with foreign and domestic partners. She is a Board member of numerous Iskandar Malaysia and Leisure & Tourism-related investments. Prior to joining Khazanah, Zaida served as Company Secretary and Head of Legal of Permodalan Nasional Berhad (“PNB”). She is a qualified Advocate and Solicitor.

Ahmad Zulqarnain is currently the Chief Executive Officer of Danajamin Nasional Berhad (“Danajamin”). He has over 18 years experience in both banking and corporates, including tenures with UBS Warburg, Danaharta, CIMB and Symphony group. He graduated with a Bachelor of Arts in Economics from Harvard University.

The latest departures and additions to the senior leadership team supplement the ongoing institution building efforts which remain a key focus of Khazanah as it enters the tenth year of its transformation programme. With these additions and changes, Khazanah’s Senior Leadership Team, led by the Managing Director, will increase from 15 currently to 16.


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