Appointment of Institutional Investors Council Malaysia General Manager

This is to advise that Tuan Haji Sabaruddin bin Haji Ismail has been appointed as the General Manager for the Institutional Investors Council (IIC) effective from 1 August 2023.

He will be responsible for the day-to-day operations of IIC and will be guided by advice and direction from the Council Board. The appointment reflected our continuous efforts to enhance the efficiency and effectiveness of IIC.

Tuan Haji Sabaruddin previously served as the first Secretary General of the Association of Development Finance Institutions in Malaysia (ADFIM) for almost 4 years while prior to that benefitted from many years’ experiences with Labuan Financial Services Authority (Labuan FSA) as well as with Bank Negara Malaysia (BNM).

He holds a Bachelor of Economics (Honors) degree from University Malaya and a Master of Economics degree in Economic Policy from Boston University, USA.

Datuk Hajah Nik Amlizan Mohamed Appointed New Chairman for Institutional Investors Council Malaysia

The Institutional Investors Council Malaysia, a leading authority in the investment industry, is pleased to announce the appointment of Datuk Hajah Nik Amlizan as the new Chairman of the Institutional Investors Council (IIC) replacing Puan Rohaya Yusof who ended her tenure at the recently conducted AGM. This appointment reflects IIC’s continuing commitment to fostering excellence and driving innovation in the investment landscape.

Datuk Hajah Nik 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. She is currently the Chief Executive Officer of Kumpulan Wang Persaraan (Diperbadankan) [KWAP].

With Datuk Hajah Nik’s 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.

As the Chairman of the Institutional Investors Council, Datuk Hajah Nik 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.

“We are thrilled to welcome Datuk Hajah Nik as the new Chairman of our Institutional Investors Council,” said Rejina Rahim, Advisor of IIC. “With her deep understanding of the industry and proven leadership abilities, we are confident that she will provide invaluable guidance to our council members and further strengthen our position as a trusted authority in the investment community.”

For media inquiries, please contact: Ms. Amy Lim at


Below is a full list of IIC’s Council Board Members:

Datuk Hajah Nik Amlizan Mohamed
Chief Executive Officer
Representing Kumpulan Wang Persaraan (Diperbadankan) (KWAP)

Datuk Wira Ismitz Matthew De Alwis
Vice Chairman
Chief Executive Officer
Representing Kenanga Investors Berhad

Encik Husaini Hussin
Chief Executive Officer
Representing Private Pension Administrator Malaysia (PPA)

Ms Rejina Rahim
Institutional Investor Council Malaysia (IIC)

Puan Rohaya Mohammad Yusof
Chief Investment Officer
Representing Employees Provident Fund (EPF)

Encik Rizal Rickman Ramli
Chief Investment Officer
Representing Permodalan Nasional Berhad (PNB)

Datuk Amran Hafiz Affifudin
Executive Director, Investments
Khazanah Nasional Berhad

Ms Fong Choon Lian
Head of Portfolio Strategy, Investment
Representing Social Security Organisation (SOCSO)

Mr Gerald Michael Ambrose
Chief Executive Office
Representing abrdn Islamic Management Sdn Bhd

Mr Raymond Tang Chee Kin
Chief Executive Officer
Representing Eastspring Investments Bhd

Puan Sharifatu Laila
Executive Director, Investments
Representing Lembaga Tabung Haji (LTH)

Encik Syhiful Zamri Abdul Azid
Chief Investment Officer
Representing Maybank Asset Management Sdn Bhd

Puan Munirah Khairuddin
Chief Executive Officer
Representing Principal Asset Management Berhad

Encik Mohd Farid Kamarudin
Chief Executive Officer
Representing RHB Islamic International Asset Management Bhd

Encik Muhammad Fitri bin Othman
Chief Investment Officer
Representing Lembaga Tabung Angkatan Tentera (LTAT)

Lya Rahman of IIC passes away



Institutional Investors Council Malaysia (IIC) adviser Jamaliah (Lya) Rahman has passed away on 27 December 2022.

Lya was very passionate on corporate governance and shareholder activism matters and had written articles on the subject matter.

She spent 18 years with the Minority Shareholder Watchdog Group (MSWG) and often raised pertinent issues of concern relating to corporate governance and the rights of minority shareholders at the PLCs’ general meetings.

She was the Asean CG Experts representing Malaysia from 2012 until she left MSWG in 2019, and headed the ASEAN CG Assessment for the Malaysian PLCs under the MSWG-Malaysia CG Index Project during her tenure with MSWG.