In a statement, the Khazanah Nasional Bhd subsidiary said the leadership change follows the departure of managing director Izani Ghani on July 31, 2024, after five years of service.

Hisham, who has 30 years of experience across various corporate structures, joined Khazanah in April 2011.

It said Hisham was Khazanah’s chief investment officer (CIO) responsible for managing and growing Khazanah’s multi-mandate and multi-asset portfolio.

“Since 2018, he has served as Khazanah’s head of public markets, with the mandate to invest in more than 10 countries across developed and emerging markets underpinned by systematic and quantamental investment strategies.

“Before public markets, he was responsible for the auto, agrifood and Iskandar Malaysia in Khazanah’s portfolio and served as executive director of research,” the statement said.

Meanwhile, Khazanah managing director Amirul Feisal Wan Zahir said Hisham’s appointment underscores the importance of UEM Group to Khazanah.

“With his vast experience and proven leadership, Hisham will lead the board and guide the UEM Group management in achieving its strategic and financial goals,” Amirul said.

As for Amran’s appointment as managing director, the statement said before this appointment, Amran was UEM Group’s chairman and served as Khazanah’s executive director and head of Malaysian investment.

“With over 27 years of experience, he was responsible for the sovereign wealth fund’s investments in various sectors,” it said.

Amirul said Amran is expected to lead UEM Group’s growth in renewable energy, aligning with Khazanah’s focus on decarbonising cities and industrial parks, and prioritising value creation within UEM Group’s subsidiaries.