Pension Funds

Malaysia’s Employees Provident Fund appoints deputy CEO of strategy as next head

Alizakri Alias, deputy CEO-strategy of Malaysia's 814.4 billion ringgit ($199.5 billion) Employees Provident Fund, will become CEO of the Kuala Lumpur-based pension fund effective Aug. 20, an EPF spokeswoman confirmed.

Mr. Alizakri will replace Shahril Ridza Ridzuan. As previously announced, Mr. Shahril, the longtime head of Malaysia's biggest retirement pool, will leave the EPF Aug. 20 to take the helm at the Malaysian government's strategic investment arm, Khazanah National Berhad.

The EPF spokeswoman said there are no details so far on plans to fill the role of deputy CEO, strategy.