Mavcap Appoints Shahril Anas as CEO
By Digital News Asia October 5, 2020
- Was acting CEO for almost 2 years in place of Jamaludin Bujang
- Over 25 years of experience in investment industry including VC
After almost two years as the acting CEO of Malaysia Venture Capital Management Bhd (Mavcap), the largest public venture capital fund in Malaysia announced today that Shahril Anas (pic) has been officially appointed its CEO, effective 1 Oct 2020 for a period of two years, as notified by the Ministry of Finance and the Ministry of Science, Technology and Innovation.
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 startups 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. He is a graduate of the International Islamic University, Kuala Lumpur with a Bachelor of Economics (Hons).
Noharuddin Nordin, chairman of Mavcap was pleased with the news. “We are pleased to welcome Shahril in his role as CEO. Given his in-depth experience and proven track record, we are confident that Shahril will continue to drive Macvap forward in cultivating a vibrant VC ecosystem for Malaysia and spurring local and regional opportunities for startups and entrepreneurs.”