PAAB welcomes Nik Norzrul as new chairman

KUALA LUMPUR: Pengurusan Aset Air Bhd ( PAAB) yesterday announced that Datuk Seri Dr Nik Norzrul Thani Nik Hassan Thani has been appointed by Ministry of Finance as the new Chairman of PAAB effective October 1, 2018.

Dr Nik Norzul brings with him a vast experience in the corporate world, having previously appointed as chairman and director of Al Rajhi Banking and Investment Corporation ( Malaysia) Bhd, chairman and director of Perodua Sales Sdn Bhd and Perodua Otomobil Kedua Sdn Bhd.

He had also previously served on the boards of Manulife Holdings Bhd and Manulife Insurance Bhd, UMW Holdings Bhd (including chairman of UMW Manufacturing and Engineering), Fraser and Neave Holdings Bhd, MSIG Insurance ( Malaysia) Bhd and Ranhill Holdings Bhd.

Currently, Dr Nik Norzrul is the chairman and senior partner of Zaid Ibrahim and Co, the largest law firm in Malaysia and a member of ZICO law network with regional presence in Asean countries. Prior to joining ZICO law, he practised with Baker and McKenzie ( International Lawyers), an international law firm in Singapore.

He is also the Chairman of T7 Global Bhd (formerly known as Tanjung Offshore Bhd) and Chin Hin Group Bhd. In January 2017, he was appointed by the Ministry of International Trade and Industry as the Chairman of Malaysia- Singapore Business Council ( MSBC).

In addition, Dr Nik sits as chairman of the Capital Market Compensation Fund Corporation ( a corporation set up by the Securities Commission of Malaysia) and is a Director of several public companies including Amanah Saham Nasional Bhd (ASNB). — Bernama