KUALA LUMPUR (Jan 24): Malaysia Building Society Bhd (MBSB) has appointed former Kumpulan Wang Persaraan (Diperbadankan) (KWAP) CEO Datuk Wan Kamaruzzaman Wan Ahmad as its chairman with immediate effect.

His appointment confirms an earlier report by The Edge Weekly.

MBSB's previous chairman Tan Sri Azlan Zainol passed away in January last year.

In a filing to Bursa Malaysia on Wednesday, MBSB said that Wan Kamaruzzaman, 64, also holds several directorships including in Malaysian Resources Corp Bhd (MRCB) and Bermaz Auto Bhd.

“Wan Kamaruzaman was KWAP CEO, the government of Malaysia public sector pension fund from May 2013 until November 2018.

“He had served as director of several public companies and private companies in Malaysia.

“He was previously the chairman of Bank of America Malaysia Bhd, an independent non-executive director of Bursa Malaysia Bhd and has also served as advisory committee member to the Financial Times Stock Exchange (FTSE) Russel, London, board member at Pacific Trustee Sdn Bhd, Nomura Islamic Asset Management Sdn Bhd, and RHL Ventures Advisory Sdn Bhd, chairman of the Institutional Investors Council Malaysia and Board member of Malakoff Corp Bhd and Prima Ekuiti (UK) Ltd, among others,” it said.

In a separate announcement, MBSB also announced the redesignation of its independent director Lynette Yeow Su-Yin as an independent and non-executive director effective immediately.

It also announced the departure of independent director Datin Hoi Lai Ping due to personal reasons.

Shares in MBSB closed one sen or 1.39% higher to 73 sen, giving it a market capitalisation of RM6 billion.