Business

PNB confirms resignation of CEO

The 38-year-old Jalil was the youngest CEO of PNB when appointed last October.

TheMole
Written by TheMole

KUALA LUMPUR — June 15, 2020: Permodalan Nasional Berhad (PNB) has confirmed the resignation of its CEO and president Abdul Jalil Rasheed after nine months on the job.

Jalil had earlier informed the staff of his departure.

According to Jalil, he was leaving after a bout of harassment in recent weeks which made him fear for the well-being of his young family. In his message to staff and in a series of tweets he said that the last straw was the harassment he had to endure from hate calls, hacking of his corporate email account and his LinkedIn profile.

“This made me increasingly worry for the well-being of my family. In the end, I decided that it would be unfair to my family should matters escalate.

“I truly wanted to contribute to nation building. I have never been attracted to the perks of my office. I was always driven by niat baik (good intentions), to do good. In the end it was not worth the effort when my family was unfairly being dragged into this unfortunate situation.”

His resignation had been speculated on Saturday by The Edge.

PNB is a government-linked company and Malaysia’s largest fund management and investment company, handling more than RM300 billion through unit trusts.

Jalil, 38, was appointed last October after 14 years with international fund management and investment companies. He was with Aberdeen Standard Investments for 8 years and another six with American fund manager Invesco, based in Singapore.

Comments

comments

About the author

TheMole

TheMole