KUALA LUMPUR: The former CEO of the Employees Provident Fund, Tunku Alizakri Alias has been appointed as the new chairman of Malaysia Venture Capital Management Bhd (MavCap) effective on Thursday.
In a statement, MavCap’s board of directors and management said Tunku Alizakri’s 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”.
Tunku Alizakri said as MavCap is one of Malaysia’s leading venture capital (VC) companies, he was I excited to work closely with the board and management to continue to drive the development of Malaysia’s venture capital sector.
MavCap is Malaysia’s largest venture capital company in the technology space
Tunku Alizakri has 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 & gas.
He joined the EPF in 2014 as deputy CEO (strategy) and subsequently served as CEO from 2018 to February 2021.
During his tenure, he launched the first and largest shariah-based private equity fund in the world.
He also created a digitally powered pension fund, iLestari, developed in-house during the Covid-19 pandemic.
In addition, he spearheaded the development and creation of the Malaysia Social Protection Council, chaired by the Prime Minister of Malaysia.
Under his leadership, the EPF also became the first Asian pension fund to establish Environmental, Social and Governance (ESG) targets for its portfolio to be achieved by 2030.
Prior to joining the EPF, Tunku Alizakri held pivotal roles and key appointments at leading Malaysian companies, including the Iclif Leadership and Governance Centre, Bank Negara Malaysia, DiGi Telecommunications and Maybank.