Danamodal appoints new managing director

Muhammad Ibrahim, who has run Danamodal on secondment from Bank Negara Malaysia, returns to his roots as director, investment operations and financial market development at the central bank.

His replacement will be Marianus Vong Shin Tzoi, who has worked at Danamodal since 1998, also on secondment from the central bank. Formerly Danamodal's general manager of operations, Marianus's new appointment took effect on March 1.