Shareholders of Permodalan Nasional Bhd (PNB) have been urged not to worry about any change of guard at the institutional fund since it has been managed to a high standard of professionalism to date.
Putra Business School’s (PBS) Assoc. Prof. Dr Ahmed Razman Abdul Latiff said the current PNB management team is capable enough in ensuring the sustainability and contribution of PNB to shareholders and the nation continues for the foreseeable future.
He said he believes that the new president and group chief executive (PGCE) would provide better stability to the company as the country is still recovering from the economic slowdown caused by the COVID-19 pandemic.
“Being one of the largest fund management companies in Malaysia, steady stewardship from the top is needed to navigate the investment strategies of the company for the next few months,” he told Bernama, in response to news that PNB’s PGCE Jalil Rasheed had tendered his resignation on Monday.
News that PNB’s youngest PGCE was poised to depart PNB had lingered around the market since the end of last week, with a board meeting of PNB’s directors expected to be called to deliberate on the matter.
The news report quoted sources as saying one reason for the departure was related to issues surrounding Jalil’s appointment as PGCE last October.
In a statement today, PNB confirmed that it had accepted Jalil’s resignation as the company’s PGCE.
Market talk lingered that the position would be replaced by Ahmad Zulqarnain Onn, who is currently deputy managing director at Khazanah Nasional Bhd.
About a month ago, Ahmed Razman said, PNB launched its latest strategic plan for the year 2020-2022 called 'Focus 4' which outlines diversification, value creation, risk management and organisational transformation while preparing for future headwinds and evolving market landscapes.
“Therefore, any successor to the outgoing PGCE should just ensure that this strategic plan is continued and executed without the need to have a new one.
“If the new PGCE is appointed from within PNB’s top management, it will provide better stability to the organisation, which is what is needed during this time of uncertainty,” he added.
In a separate news report, veteran newsman Datuk A. Kadir Jasin claimed that Jalil was being forced out by unnamed critics who were putting a spotlight on alleged discrepancies in his academic qualifications.
Jalil replaced Datuk Abdul Rahman Ahmad as PNB’s PGCE in October last year.
In a statement announcing Jalil’s appointment, PNB said the move 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.”
Meanwhile, in his farewell note today, Jalil gave his thanks to the PNB leadership team for being supportive of his initiatives.
“I have tried very hard to be inclusive and to widen the decision-making process. I apologise I am not able to see through with you till the end. Please continue your initiatives and give the incoming PGCE the same support you have extended me,” he wrote.
Bernama
Mon Jun 15 2020
Assoc. Prof. Dr Ahmed Razman Abdul Latiff believes that the new president and group chief executive (PGCE) would provide better stability to the company
Batik Air gantung operasi ke Istanbul bermula 1 Mei
Syarikat penerbangan itu berkata keputusan itu dibuat sebagai respons terhadap situasi di Timur Tengah yang memberi kesan kepada laluan penerbangan Batik Air.
Perang Iran-Israel, kesan kepada geopolitik Asia Barat
Dekan Institut Pengajian Siswazah Universiti Islam Melaka, Prof Dr Kamaruzaman Yusoff memberikan analisis semasa mengenai perang Iran dan Israel serta kesannya kepada geopolitik di Asia Barat.
'OIC, UNSC dah tak berguna!' - Pakar tidak tolak kemungkinan Israel serang negara sekutu Iran
Salawati berpandangan tidak mustahil untuk Israel menyerang negara berjiran Iran dengan tanggapan mereka sekutu yang bersekongkol dengan negara itu.
Kampit beras dibuang: SWCorp tutup sementara tapak pelupusan sampah
Penutupan itu dilakukan bagi membolehkan pihaknya melakukan siasatan terhadap pihak terlibat termasuk penyedia tapak pelupusan dan pihak yang membuang sampah di lokasi tersebut.
Negara Islam tiada kuasa campur tangan dari aspek perundangan
Sebaliknya, satu bentuk pakatan seperti Pertubuhan Kerjasama Islam (OIC) dalam membawa perubahan dan mengecam apa dilakukan rejim Zionis.
Pemandu lori tolak kekasih dari tingkat 23 diperintah periksa mental
Majistret, Mohamed Redza Azhar Reza memutuskan demikian selepas membenarkan permohonan daripada peguam, R Sivananthan yang mewakili tertuduh, V Nathan, 37.
Iran buka semula ruang udara, tarik balik sekatan penerbangan
Iran telah menarik balik sekatan penerbangan di seluruh negara, membuka jalan untuk menyambung semula penerbangan berjadual di semua lapangan terbangnya.
iPhone 17 Plus mungkin guna saiz skrin lebih kecil
Apple dilihat benar-benar ingin mengasingkan model Pro Max sebagai model paling mercu dengan ciri eksklusif seperti iPhone 15 Pro Max.
[KOLUMNIS] Veto AS ke atas Palestin: Pengkhianatan terhadap keadilan dan kesaksamaan
CENTHRA berasa amat kecewa dengan tindakan unilateral ini yang menyebabkan AS berdiri sendirian menentang kemasukan Palestin.
'Cukup sekadar boikot, jangan ganas dan melampau' - Na’im Mokhtar
Menteri di Jabatan Perdana Menteri (Hal Ehwal Agama), Datuk Mohd Na'im Mokhtar, menyarankan semua pihak agar sentiasa menjaga keharmonian dan perpaduan dalam bersolidariti kepada rakyat Palestin.
'Jangan had konsep Rahmah kepada makanan sahaja'
Katanya, usaha itu perlu mendapat kerjasama daripada pelbagai pihak termasuk syarikat swasta dan juga NGO.
Ketidaktentuan politik jejas pelaburan, PM 9 perlu segera cari 'exit strategy' - Pakar
Perdana Menteri mempunyai tugas berat untuk mencari strategi keluar dari situasi ekonomi pegun yang dilalui negara ketika ini.
Kaedah pemberian baucar mampu ringankan beban rakyat terkesan - Pakar
Kaedah pemberian baucar perlu diketengahkan semula dalam membantu meringankan beban rakyat ketika pandemik COVID-19.
Belanjawan 2021: Dipinda dan lulus untuk rakyat
Walaupun terdapat cubaan menolak belanjawan dengan peruntukan RM322.5 bilion itu, akhirnya majoriti ahli Parlimen meluluskannya di peringkat dasar.
Belanjawan 2021: Lanjutkan moratorium bantu ringankan hutang rakyat
Kerajaan dicadang melanjutkan tempoh moratorium dalam Belanjawan 2021 yang akan dibentangkan Jumaat ini bagi meringankan beban individu dan perniagaan yang terjejas, sehingga tidak mampu membayar bali
Apa punca sebenar harga minyak turun? Ini penjelasan pakar ekonomi
Kejatuhan harga minyak mungkin bagus bagi pengguna, namun kesan kepada kerajaan adalah sebaliknya kerana ia akan mengurangkan lagi pendapatan kerajaan.
'Orang Melayu sendiri kurang sokong peniaga Melayu'
Pengurus Pembangunan Perniagaan Putra Business School, Prof Madya Dr Ahmed Razman Abdul Latiff berkata, perkara itu sudah berlaku ketika kerajaan terdahulu sehingga kini.
Rumah B40: Inisiatif BNM positif namun dibimbangi penyelesaian jangka pendek
Lebih ramai golongan berpendapatan rendah (B40) akan dibebani hutang akibat daripada pinjaman untuk membeli rumah berkenaan.
Khazanah rugi kerana bersihkan portfolio - Pakar
Khazanah Nasional Berhad merekodkan kerugian susulan aktiviti pembersihan portfolio pasca lantikan pentadbiran baharu.
Kejatuhan ringgit disebabkan anomali luaran - Ahli ekonomi
Penyusutan ringgit kepada RM4.1460 ketika ditutup hari ini disebabkan terutama oleh anomali luaran dan bukan faktor domestik, kata pakar ekonomi.