Partners Capital and Malaysian lenders PNB and Bank Pembangunan have made appointment updates.
Partners Capital names Emmanuel Pitsilis as Asia MD
Global outsourced investment office Partners Capital has appointed Emmanuel Pitsilis as a managing director and co-head of Asia as part of its global expansion plan, according to an announcement.
In this role, he will serve as co-head for the Asia Pacific region alongside managing director Adam Watson and report to CEO Arjun Raghavan.
Pitsilis brings over 25 years of experience in APAC as an investor and leader in the financial services industry. Prior to joining Partners Capital, he was an entrepreneur and early-stage venture investor in Asia’s B2B SaaS and fintech sectors.
Over the last seven years, he co-founded two tech businesses and built a successful venture portfolio. In addition, he spent over 20 years at McKinsey & Company, mostly in Hong Kong, where he was a Senior Partner in the financial services practice focused on building the Asian practice.
Founded in 2001, Partners Capital provides independent investment advice across asset classes.
Malaysia’s PNB chairman Zeti Aziz retires
Malaysia’s largest asset manager Permodalan Nasional Bhd (PNB) has announced the retirement of its chairman Zeti Aziz.
The appointment of the new group chairman of PNB will be made by Yayasan Pelaburan Bumiputra in due course, said PNB, which has over 312 billion ringgit ($76.04 billion) of funds under management.
The announcement came after local media The Edge Markets reported on Thursday that former chief justice Arifin Zakaria will succeed Zeti as PNB chairman, quoting sources.
Zeti, former central bank governor of Malaysia, was appointed as group chairman of PNB effective July 1, 2018.
Malaysia’s Bank Pembangunan appoints Nazir Razak as chairman
Nazir Razak, the founding member and chairman of Singapore-based private equity firm Ikhlas Capital, has been appointed as the non-executive chairman of Bank Pembangunan Malaysia Bhd (BPMB), effective immediately.
He is succeeding Zaiton Mohd Hassan, who retired in February 2021 after serving for two years, the bank said in a statement.
BPMB is one of Malaysia’s first Development Financial Institutions and is wholly owned by the Malaysian Government through the Minister of Finance Inc.
BPMB said Nazir has extensive banking experience having served as CIMB Group Holdings Bhd’s chairman for four years and group chief executive officer for 15 years prior to that.
It said Nazir also served as the non-executive director of Khazanah Nasional Bhd for four years and was a member of the Employees Provident Fund investment panel for 15 years.