The government-owned company Malaysia Debt Ventures Berhad (MDV) announced, that Rizal Fauzi will take over as its next Chief Executive Officer (CEO).
Fauzi replaces Nizam Mohamed Nadzri, who led MDV as CEO from 2018 until his tenure ended in February 2024, according to a statement from MDV.
Fauzi, who became Acting CEO after Nizam left, has over 27 years of corporate expertise in important roles and critical business activities.
He has spent 22 of those years working at MDV, where his vast knowledge and capable guidance have greatly influenced the company’s course.
During the company’s rapid expansion phase, Fauzi held key roles in the business division where he was in charge of project and business monitoring, acquiring solid exposure to end-to-end business and operational management. Fauzi has a substantial tenure with MDV.
After being elevated to the position of Executive Vice President, he was tasked with overseeing the risk management division as Senior Vice President. From 2018 to the beginning of 2024, he held the position of Chief Risk, Integrity & Governance Officer (CRIGO) at MDV.
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As CRIGO, he played a key role in reshaping and fortifying MDV’s risk and governance frameworks, maintaining the highest moral standards, and guaranteeing the business’s flexibility and resilience in a changing market. He worked with PricewaterhouseCoopers for five years, from 1997 to 2001, before joining MDV.
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In addition to being a Fellow of the Association of Chartered Certified Accountants (FCCA), a Member of the Malaysian Institute of Accountants (MIA), and a Member of the Malaysian Institute of Certified Public Accountants (MICPA), he graduated with a degree in Accounting and Finance from De Montfort University in Leicester, UK.
“Under his stewardship, we are confident that MDV will remain on track in achieving sustainable growth, while continuing to fulfil its mandate of supporting innovative technology companies and contributing meaningfully to the advancement of Malaysia’s technology sector,” said Wong Chen, Chairman of MDV, said, We also wish to take this opportunity to thank MDV’s former CEO, Nizam Mohamed Nadzri, for his leadership and contributions during his six-year tenure, His efforts and vision have laid a strong foundation for MDV to continue to excel as the nation’s technology financier, and we wish him the best in his future endeavors,” he added.
MDV was founded in 2002 as an agency under the jurisdiction of Malaysia’s Ministry of Science, Technology, and Innovation (MOSTI) and a subsidiary of the Minister of Finance (Incorporated) in Malaysia.
The company’s goal is to offer creative and adaptable financing options to support the expansion of the information and communications technology (ICT) industry, which the government has recognized as the engine driving the country’s development.
