KWAP CEO Datuk Nik Amlizan to step down after six years of growth
Kuanatan Incorporated's (KWAP) long-serving CEO, Datuk Nik Amlizan Mohamed, is set to step down in April 2026 after nearly six years in the role. The pension fund's board will meet on 31 March 2026 to decide on her successor, with two prominent figures emerging as leading candidates for the position.
During her tenure, KWAP's assets grew from RM147.48 billion in 2019 to RM185.6 billion in 2024, marking a period of steady expansion for the fund.
Nik Amlizan joined KWAP in 2007 as part of the original equity team. Before taking charge of the pension fund, she led Lembaga Tabung Angkatan Tentera from October 2018 to October 2020. Her appointment as KWAP CEO began on 2 November 2020, with her departure scheduled for April 2026.
The search for her replacement has narrowed to two key candidates. Nurhisham Hussein, currently Senior Director of Economy and Finance at the Prime Minister's Office, previously served as Chief Strategy Officer at the Employees Provident Fund (EPF). The other frontrunner is Jay Khairil Jeremy Abdullah, the present CEO of Bank Simpanan Nasional (BSN). Market speculation had also mentioned KWAP's Chief Investment Officer, Hazman Hilmi Sallahuddin, as a potential candidate. However, sources indicate he is likely to continue in his existing role. If the board requires more time to finalise a permanent appointment, an interim or acting CEO may be selected instead. The new CEO is expected to take over from 1 April 2026, following the board's decision at the end of March.
The incoming CEO will inherit a fund that has seen significant growth under Nik Amlizan's leadership. With assets rising from RM147.48 billion to RM185.6 billion, the next leader will face the task of maintaining this upward trajectory. The board's final choice will be announced after the 31 March meeting.
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