Zulqarnain Onn quits as PNB chief, to helm EPF

 

Permodalan Nasional Berhad (PNB) president and group chief executive Ahmad Zulqarnain Onn will resign effective Feb 16, and assume the position of chief executive officer (CEO) at the Employees Provident Fund (EPF) on Feb 19.

EPF chairperson Ahmad Badri Mohd Zahir said the fund is looking forward to Zulqarnain’s dynamic and focused leadership driving it to greater heights.

“The entire EPF team is committed to ensuring a seamless transition and looks forward to Zulqarnain’s leadership and strategic direction in fulfilling the EPF’s mission to safeguard the retirement future and well-being of EPF’s 15.9 million members,” he said in a statement today.

Zulqarnain (above) succeeds Senator Amir Hamzah Azizan, who was appointed as the second finance minister last month after leading the fund since March 1, 2021.

The EPF said Zulqarnain brings with him a strong corporate background, having served as the CEO of Danajamin Nasional Berhad and the deputy managing director of Khazanah Nasional Bhd before his appointment.

In a separate statement, PNB group chairperson Raja Arshad Raja Uda said Zulqarnain’s leadership has been instrumental in laying out the new three-year strategic plan and steering the fund management company towards improving portfolio returns, operational agility, and reinforcing the organisation’s ability to be progressive while effectively responding to dynamic challenges.

“On behalf of the board of directors, management and staff at PNB, I extend our heartfelt thanks to Zulqarnain for his invaluable contributions to PNB, Amanah Saham Nasional Berhad and PNB’s group of companies during his tenure here,” he said.

Zulqarnain has helmed PNB for more than three years and played a crucial role in advancing PNB’s mandate, achieving significant business milestones and cultivating innovation.

“He has been passionate in solidifying the trust of the nation in PNB and renewing the organisation’s overarching purpose: To uplift the financial lives of Malaysians across generations,” PNB added.

- Bernama