KWASA DAMANSARA, 1 December 2025: The Employees Provident Fund (EPF) today announces the appointment of Mohamad Hafiz Kassim as its new Chief Investment Officer (CIO) and Ahmad Rizal Omar as Chief Financial Officer (CFO). Both appointments are effective 1 December 2025.

Mohamad Hafiz succeeds Rohaya Mohammad Yusof, who has led the Investment Division for the past five years. Mohamad Hafiz has served the EPF since 2008, holding senior leadership roles across Private Equity, Private Market, Capital Market, and Real Estate portfolios. He also served as Managing Director of Kwasa Land Sdn Bhd from 2020 until 2021. With over 25 years of experience in accounting, private markets and fixed income, Mohamad Hafiz holds a Bachelor’s Degree (Economics) in Accounting and Finance from the London School of Economics and Political Science; is a Fellow of the Association of Chartered Certified Accountants (ACCA); a Chartered Financial Analyst (CFA) charterholder; and has attended the Advanced Management Programme at Harvard Business School. His extensive experience across the Finance and Investment divisions, combined with deep institutional knowledge, positions him strongly to lead the EPF’s investment strategy forward. 

Ahmad Rizal, formerly the Head of Finance Department, succeeds Mohamad Hafiz as CFO. He is a chartered accountant with over two decades of experience. Ahmad Rizal holds a Master of Finance from the University of Cambridge and a Bachelor of Business (Accountancy) from the Royal Melbourne Institute of Technology. He brings deep expertise in investment evaluation, corporate finance, and financial management. Before joining the EPF, he served as CFO at PLUS Malaysia Bhd and held senior roles at Istanbul Sabiha Gökçen International Airport, Malaysia Airports Holdings Bhd, Khazanah Nasional Bhd, and Axiata Group Bhd.

EPF Chief Executive Officer Ahmad Zulqarnain Onn welcomed the appointments, saying, “Mohamad Hafiz brings a wealth of experience, steady leadership, and a strong understanding of the EPF’s long-term investment philosophy. His background in both investment and finance makes him the ideal individual to lead this critical portfolio. We are confident that under his stewardship, the EPF will continue delivering resilient and sustainable returns for our members.

“We also congratulate Ahmad Rizal on his appointment as the new CFO. His proven leadership and financial acumen will continue to strengthen the EPF’s financial management and governance.” 

The EPF records its sincere appreciation to Rohaya for her dedicated service and exceptional leadership.

“On behalf of the EPF, I extend our heartfelt gratitude to Rohaya for her contributions over the past 17 years. Her leadership and integrity have strengthened the EPF’s investment capabilities and helped safeguard members’ retirement savings through both challenging and transformative periods. We thank her sincerely and wish her every success in her next chapter,” added Ahmad Zulqarnain.

Issued by
Editorial and Media Relations Unit
Corporate Affairs Department
1 December 2025