- visit is essential to the group’s mission to grow into a long-lasting dividend company.
- Prior to February 2021, he served as the team CFO at RHB Bank.
As of January 1st, 2024, Axiata Group Bhd will be without a group CFO, and the position has been filled by Nik Rizal Kamil Nk Ibrahim Kimil ( pic ).
According to the business, Nik Rizal’s appointment is crucial in advancing the group ‘ goal of becoming a long-term income business. He will achieve Lila Azmin Abdullah, who has served as Axiata’s Group Chief Corporate Development Officer and acting class CFO since March 2023.
Nik Rizal joins Axiata with extensive knowledge and experience in finance, purchases, and business finance. Since February 2021, he has served as party CFO at RHB Bank.
Prior to that, Nik Rizal served as Khazanah Nasional’s Executive Director of Investments, overseeing value creation initiatives, funding and divestment projects, and the execution of private equity asset class strategies both domestically and abroad. Additionally, he held positions on the board of Astro Malaysia Holdings Bhd and Telekom Malaysia.
Additionally, he has held positions in London with Coopers &, Lybrand ( now known as PricewaterhouseCoopers ) and Royal Dutch Shell Plc, Arthur Andersen andamp Co. ( formerly known by the names Ernst and amp, Young Plt ).
Nik Rizal holds a BSc ( Hons ) in Economics &, Accounting from the University of Bristol in the United Kingdom and an MSc in Finance from London Business School. Additionally, he belongs to the Malaysian Institute of Accountants and is a Fellow Chartered Accountant , Business Finance Professional, and Member of the Institutes of Professional Accountancy in England and Wales.
” On behalf of the board and control of Axiata, I would like to report our heartfelt gratitude to Lila for her huge factor in helming the acting group CFO role while likewise performing her duties as the group chief business development officer,” said Vivek Sood, group CEO and managing director. I’m happy to have Nik Rizal join the Axiata management staff at the same time. As Axiata begins the second stage of our transition from company to TechCo, his background in finance and investment portfolio management makes him a perfect fit for this crucial position as groupCFO.
Nik Rizal possesses considerable knowledge and a deep understanding of investment management in the Telecoms, Media and Technology and Financial Services sectors, according to Vivek, who also commented on his abilities. Axiata’s strategic priorities for organized capital allocation, murder on investment strategy, and treasury management may be driven by his in-depth knowledge of all facets of commercial finance, finance and financial planning. I have no doubt that Nik Rizal’s leadership skills will help the team more optimize our investment portfolio to guarantee long-term worth for our shareholders and sustainable growth.
In the meantime, Nik Rizals said,” I look forward to joining Axiata as the class moves on to the next stage of its value construction journey and as a part of an impressive group dedicated to delivering on its proper interests, towards the vision of advancing Asia.”