Khazanah result adds to questions about Shahril’s future

Malaysia’s sovereign wealth fund had a grim 2020, not helped by a far-too-heavy concentration on domestic assets. Does this justify the speculation that its chief executive won’t have his contract renewed?

It seems to be a time of change in the world’s sovereign wealth funds.

Monday brought news that Zafer Sonmez, head of the Turkey Wealth Fund, is to leave in a reshuffle. Temasek has finally confirmed Dilhan Pillay as successor to chief Ho Ching. And in Kuala Lumpur, rumours are swirling that the contract of Shahril Ridza Ridzuan as head of Khazanah Nasional may not be renewed.

Shahril Ridza Ridzuan_400x300.jpg
Shahril Ridza Ridzuan, Khazanah

The speculation around Shahril has been building for a while, but the fund’s annual report released on Thursday added to the clamour.

Thanks for your interest in Euromoney!
To unlock this article: