Khazanah poaches UBS ECM star

Malaysian government investment arm hires one of Asia''s most talented up-and-coming ECM bankers to drive its divestment programme.

Malaysian government investment arm, Khazanah Nasional Berhad, has hired Ganen Sarvananthan as its new director of investments. Sarvananthan will join the 35-strong agency once he has completed his last deal for UBS - the IPO of Singapore cellular operator Starhub, which is scheduled to price during the first week of October.

His appointment shows that Khazanah's restructuring is moving up another gear following the arrival of Azman Mokhtar as its new CEO in June. Hot on the heels of neighbouring Temasek, Khazanah is hoping to turn itself into the region's most powerful and dynamic investor.

As such, Mokhtar has been tasked with re-organising and expanding the agency,...

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