- The decision to hire him to lead Malaysia’s largest fund manager had been approved by PNB group chairman herself, Tan Sri Zati Akhtar Aziz and the board.
- Jalil’s appointment as the CEO of PNB was in line with the government’s wish to make optimal use of Malaysian global talents and consistent with the fund’s strategic initiative to diversify its assets globally.
Permodalan Nasional Bhd (PNB) has recently announced the appointment of Jalil Rasheed, investment director at Invesco Asset Management Singapore Ltd as the Chief Executive – replacing Datuk Abdul Rahman Ahmad. According to the local news, Jalil Rasheed is expected to start his new job role October 1.
The appointment has been approved by Tan Sri Zeti Akhtar Aziz
The decision to hire him to lead Malaysia’s largest fund manager had been approved by PNB group chairman herself, Tan Sri Zati Akhtar Aziz and the board. With the new appointment, Abdul Rahman will leave his position on September 20, upon the completion of his three-year contract.
The PNB board of directors welcomes Jalil who brings with him vast experience in managing global investments. PNB is confident that he will capably lead PNB in its journey towards becoming a distinctive, world-class investment institution.
He was with Aberdeen for about a decade
Prior to joining Invesco, Jalil Rasheed reportedly was with Aberdeen for about a decade. He was based in London from 2003 until 2005 as part of its emerging markets team. Then, he spent more than two years in Singapore with its Asean equities team. His job post in Aberdeen was as CEO of Aberdeen Islamic Asset Management based in KL for nearly three years before he left in 2013.
In line with the government’s strategy
Jalil’s appointment as the CEO of PNB was in line with the government’s wish to make optimal use of Malaysian global talents and consistent with the fund’s strategic initiative to diversify its assets globally.
Diverse experience in investment
Jalil is a holder of a Bachelor of Science in Accounting and Finance (Hons.) from The London School of Economics & Political Science (LSE), United Kingdom. He began his career in 2003 as a graduate trainee at Aberdeen Standard Investments.
He rose through the ranks to become investment manager and later, head of Equities before assuming the role of CEO at Aberdeen Islamic Asset Management later in 2010. He then left Aberdeen to join Invesco in 2013 and has been the CEO (South Asia) since then.
Discussion about this post