KUALA LUMPUR: The Institutional Investors Council Malaysia (IIC) has appointed the current chief executive officer of Retirement Fund (Incorporated) [KWAP], Datuk Nik Amlizan Mohamed, as its new chairman.

She is replacing Rohaya Yusof, who ended her tenure at the recently conducted annual general meeting.

In a statement today, the authority in the investment industry said the appointment reflects IIC’s continuing commitment to fostering excellence and driving innovation in the investment landscape.

“Nik Amlizan brings a wealth of experience and expertise to the role. Her extensive background spans almost 30 years in the investment management industry, financial services and pension funds while overseeing functions across all asset classes.

“With her vast experience in the fund management industry, transformational change and change management as well as corporate governance matters, she is well-positioned to lead the Institutional Investors Council and champion IIC towards continued success,” it said.

IIC said Nik Amlizan will oversee the strategic direction and initiatives of the council, which comprises prominent asset owners and fund managers who are institutional investors in the Malaysian capital markets.

“Her key responsibilities will include promoting best practices, facilitating dialogue among council members, and advancing the interests of institutional investors in an ever-evolving market,” it added. – Bernama