Allocator CareersUpdated Jul 21, 2026
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Pension

KWAP (Kumpulan Wang Persaraan)

Public pension fund2 — Kuala Lumpur.

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Overview

Join KWAP and be part of a purpose-driven organization.1

KWAP (Kumpulan Wang Persaraan)'s pension assets support retirement benefit obligations for plan participants.2

Investment program

Estimated AUM
$43.8B as of Dec 31, 20241
Capital pool
Public pension fund2
Investment model
As of December 31, 2022, 85.6% of KWAP’s equity exposure was managed internally and the remainder was outsourced to external fund managers. The report also describes externally managed domestic portfolios.3
Investment approach
Prior to accounting for withdrawals of RM5 billion to partially finance the Government’s pension duties, the gross increase of RM20.8 billion year-on-year highlights the continued success of KWAP’s disciplined investment strategy and its focus on sustainable long-term growth.1
Spending support
Not listed yet
Spending policy
Not listed yet
Asset allocation
Public evidence references these asset classes or allocation areas: private equity, venture capital, real estate, infrastructure, public markets, fixed income.1
Performance
Not listed yet
Governance
She is currently the Chairman of Affin Hwang Investment Berhad and a Board member of ENRA Group Berhad, SAM Engineering, Equipment (M) Berhad and DXN Holdings Berhad.2
Investment team
Prior to that, from 2003 to 2006, she was the Chief Executive Officer and Executive Director of MIMB Investment Bank Berhad (now known as Hong Leong Investment Bank Berhad) and from 1995 to 2003, she was Executive Director/Chief Investment Officer of Commerce Asset Fund Managers Sdn Bhd.2
Unfunded commitments
Not listed yet
Source freshness
Last verified Jul 21, 2026 · Needs review

Sources

Last verified Jul 21, 2026 from public career and organization materials.

Fact notes

  1. Website (kwap.gov.my)Parent organization overview, Estimated AUM, Investment approach, Asset allocation · checked Jul 25, 2026
  2. Website (kwap.gov.my)Pool purpose, Capital pool, Governance, Investment team · checked Jul 25, 2026
  3. Annual report (kwap.gov.my)Investment model · checked Aug 6, 2026
  4. Website (kwap.gov.my)Investment office page · checked Jul 25, 2026

Reports and filings

Profile and job sources

KWAP (Kumpulan Wang Persaraan) | Allocator Careers