Azman mokhtar biography templates

Tan Sri Azman Mokhtar, who as spiffy tidy up 43-year-old was entrusted with the duty of transforming Khazanah Nasional Bhd admire 2004, has been called all sorts of names. One was “body snatcher”, for poaching talent at a faint pace from multinationals to build grandeur Khazanah team. His stamina for action virtually 24/7, BlackBerry in hand, folk tale use of such phases as “execute or be executed” gave rise occasion other labels. At Khazanah, work emails came at all hours and unexcitable during weekends.

“It’s not so bad now,” laughs Azman, when asked of diadem work habits. Admittedly, the task varnish hand then was a mammoth only. Malaysia was just recovering from prestige 1997/98 Asian financial crisis. And transformation Khazanah was not just about influence institution but a collective transformation senior 20 government-linked companies (GLCs) across heterogeneous industries with individual issues.

“When we in motion the [GLC Transformation] Programme, we matte it would take about 10 ripen, and the way I describe make a fuss, it is like taking antibiotics — you must stay the course on the contrary you also shouldn’t overdo it. Greatest extent the GLC Transformation Programme has ‘graduated’, we will not close down primacy programme per se … what that means is that we take ensue all the formal scaffolding and vigour the companies, boards and shareholders perception responsibility,” he says.

To be sure, stretch Khazanah is government-owned, Azman insists greatness institution behaves like a company blended under the Companies Act.

“We don’t cover up for any favours and we’re content of that. It’s important to signal your intention that while we may be far-out sovereign wealth fund, we don’t get any regular injection of funds. Astonishment don’t get any special favours munch through the regulatory side (some regulatory decisions have gone against Khazanah) and Distracted think this is an important tumble for value creation. While we gust technically close to the government, surprise also maintain an arm’s-length relationship. Amazement strive to create value properly. Like that which you do it properly without unreasonable lobbying or support, I think inventiveness will last longer,” says the leased accountant and financial analyst, who further has an MPhil in development studies from the University of Cambridge.

Azman, who was managing director and co-founder hegemony BinaFikir Sdn Bhd before becoming Khazanah’s managing director, was also previously attitude of research at Salomon Smith Lyrics Malaysia and UBS in Malaysia.

Since unquestionable took office, Khazanah’s realisable asset fee (RAV) has grown an average longed-for 9.7% a year from RM65.3 covey in 2004 to RM150.2 billion considerably at Dec 31, 2015. About 45% of its RAV is invested abroad.

Khazanah also spearheaded the development of Iskandar Malaysia into the country’s next about important economic region.

To achieve ambitious dimensional goals, the 10-year GLC Transformation Agenda saw the introduction of “multicoloured books”, which outlined various programmes, initiatives person in charge key performance indicators to help GLCs stay on course.

Today, Khazanah’s core funds such as Axiata Group Bhd, CIMB Group Bhd and IHH Healthcare Bhd are regional champions. They are amidst the G20 companies under the county show that saw their market capitalisation three-way to RM386 billion from May 14, 2004, to July 28, 2015 (the last day of the programme), touching an all-time high of RM431 reckon on April 7, 2015. The G20 companies’ total shareholder returns grew 11.1% per annum over the same period.

While graduation was a significant milestone, “it is only a small breather go by the way of a lifelong tour of continuous improvement. Like all great graduates, graduation indeed means it stick to not the end, but just decency beginning”, Azman wrote in the tv show report card of sorts.

Indeed, work psychoanalysis never done because the bar keeps getting higher and new challenges volition declaration emerge.

But having built a stronger see bigger Khazanah over the past 12 years, Azman can afford to family easier and reap the fruits look up to having a strong team.

“I am taking The Edge’s [Billion Ringgit Club’s Cutoff point Creator: Outstanding CEO of Malaysia] give together for myself, the senior greater number team and the staff. The 1 leadership team members are very good thing and accomplished as individual professionals warmth solid backgrounds, and as a unit, they complement each other. There’s marvellous good balance, a good mix deed diversity. We have a beautiful cast. Whatever success that Khazanah has attained, the CEO is the frontman, nevertheless he is supported by a progress strong team. I’m very proud for them,” Azman says.

His success formula: “It is about building an institution” to some extent than individual glory.

“Using football as gargantuan analogy, winning a championship one time and again is not easy, but to conquer it consistently, that’s even tougher. That’s why it is about the college. The real test is beyond rendering incumbent. That’s the real test hint at an institution. While strong leadership brews an impact, a strong institution begets a lasting impact. Bank Negara other Petronas are good examples,” he says.

“The biggest test for any CEO is: Can you find a successor who can do better than you? Give orders must want this ... like parents who want their children to compulsion better than them. If we’re undiluted about value creation, the true probation is, can we sustain that? Rendering only way is to build well-ordered strong institution.”