Shahril Anas appointed MAVCAP CEO, effective 1 October

The appointment is for a period of two years, as notified by the Ministry of Finance and the Ministry of Science, Technology and Innovation, the company said.

Shahril has more than 25 years of experience in the investment industry including venture capital (VC) with extensive expertise in investment and fundraising.

Having joined MAVCAP in 2015, he has played an instrumental role in collaborating with foreign partners and corporate partners to create VC funds, known as the Strategic Funds model, generating more funds in the ecosystem.

As a result, today, MAVCAP is the largest Government-owned entity with a total portfolio value of approximately RM5 billion in funds between MAVCAP and private sector partners, both domestic and foreign.

Through the VC funds created with partners via the Strategic Funds model, Shahril continues to be actively involved in nurturing start-up companies in the ICT industry as well as other high-growth industries such as Internet of Things, e-commerce and fintech.

Prior to joining MAVCAP, Shahril worked with the Employees Provident Fund, Malaysia Technology Development Corporation and Unit Peneraju Bumiputera (TERAJU), among others.