KUALA LUMPUR, Aug 3 (Reuters) - Malaysia’s sovereign wealth fund Khazanah Nasional named Shahril Ridza Ridzuan, who is currently the Chief Executive Officer of the pension fund Employees Provident Fund (EPF), as its new managing director.
Shahril will start on his new job from Aug. 20, Khazanah said in a statement on Friday.
Malaysian Prime Minister Mahathir Mohamad was appointed the chairman of Khazanah earlier this week.
The 157.2 billion ringgit ($38.52 billion) fund’s managing director, Azman Mokhtar, and its entire board offered to resign last week in the biggest management shake up at state-linked firms since the new government took charge in Malaysia. ($1 = 4.0810 ringgit) (Reporting by Rozanna Latiff; Editing by Himani Sarkar)