PETALING JAYA: Malaysia Venture Capital Management Bhd (Mavcap) has appointed former Employees Provident Fund (EPF) head Tunku Alizakri Alias as its new chairman.

       In a statement, Mavcap said the appointment, which took effect from yesterday, will see Tunku Alizakri driving the development of Malaysia’s venture capital sector.

       “Tunku Alizakri has had an illustrious career with over 20 years of senior management and board level experience in areas such as fund management, the financial sector, central banking, social security, healthcare, media and telecommunications, property development, plantations and oil and gas.

       “He joined the EPF in 2014 as deputy chief executive officer (strategy) and subsequently served as chief executive officer from 2018 to February 2021.”

       Prior to joining the EPF, Tunku Alizakri held pivotal roles and key appointments at leading Malaysian companies.

       These included the Iclif Leadership and Governance Centre, Bank Negara, DiGi Telecommunications and Malayan Banking Bhd.

       He currently sits on the boards of public listed companies IHH Healthcare Bhd and Sime Darby Plantation Bhd.

       Mavcap said it was pleased to welcome Tunku Alizakri as its new chairman.

       “Given his significant experience, wide breadth of expertise and proven track record of success, we are confident that Mavcap will continue to move forward under his leadership.”

       In the same statement, Tunku Alizakri said: “Mavcap is one of Malaysia’s leading venture capital companies and I am excited to work closely with the board and management to continue to drive the development of Malaysia’s venture capital sector.”