This article first appeared in The Edge Financial Daily on April 3, 2020

KUALA LUMPUR: The Employees Provident Fund’s (EPF) wholly-owned subsidiary Kwasa Land Sdn Bhd has appointed Mohamad Hafiz Kassim as its managing director (MD) designate to replace Datuk Mohd Lotfy Mohd Noh, who retired at the end of March 2020.

Kwasa Land said in a statement that Mohamad Hafiz’s appointment was effective April 1.

According to the company, Mohamad Hafiz has over 20 years of corporate experience, with a focus on real estate, capital markets, private equity, financial services and accounting.

"He will lead Kwasa Land’s strategy and execution in the company’s role as a master developer of Kwasa Damansara, a 920ha (2,300-acre) mixed development which represents Klang Valley’s last significant greenfield land covering residential, commercial, educational, and recreational offerings.

“He first joined the EPF in 2008, where he was entrusted with several leadership roles within the investment division. In addition to this posting, he will continue leading the EPF’s real estate investment team. In the past, he has led several departments including private markets and capital markets.

Mohamad Hafiz began his career as an investment analyst at Telekom Malaysia Bhd, before joining other firms such as PricewaterhouseCoopers in the UK and Malaysia, as well as Daiwa Capital.

"Leveraging on his wealth of industry experience and deep knowledge of investments, his leadership will contribute to Kwasa Damansara’s efforts to becoming a leading township — one of liveable, sustainable communities, offering significant economic benefits,” Kwasa Land said.