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Malaysia’s Cradle Fund names new CEO

Malaysia’s government-linked venture capital fund Cradle Fund Sdn Bhd has appointed Rafiza Ghazali as the group chief executive officer effective June 1, 2020.

Rafiza is currently the chief financial officer at Velesto Energy Bhd, a Malaysia-based multinational player in the upstream oil & gas sector, Cradle Fund said in a statement on Monday.

Rafiza started her career at Arthur Anderson & Co. in Australia and later held senior roles at Bank Negara Malaysia, RHB Investment Bank Bhd, Thomson Reuters and Sime Darby Bhd.

“Rafiza’s appointment reinforces the Board’s commitment to ensuring Cradle’s role in creating a sustainable ecosystem for the startup community. Our immediate priority in this current COVID-19 crisis is to enable the Malaysian startups and tech entrepreneurs to navigate through the challenges and to evolve with the changing landscape. This search for the CEO role has gone through an extensive process, working closely with the Ministry of Science, Technology and Innovation (MOSTI) and the Ministry of Finance (MOF),” said Cradle Fund chairman Yvonne Chia.

Meanwhile, Razif Abdul Aziz, currently the acting group CEO, will resume his role as the chief operating officer from June 1, 2020.

Source From Deal Street Asia


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