Ex-Federal Court judge to head Sarawak sovereign wealth fund board

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KUCHING: Former Federal Court judge Tan Sri Sulong Matjeraie has been appointed to lead the Sarawak Sovereign Wealth Future Fund's board of guardians, says Tan Sri Abang Johari Tun Openg.

The Sarawak Premier also announced the appointment of eight other board members comprising experts and professionals in the fields of finance, investment, legal and governance.

Sarawak Premier Tan Sri Abang Johari Tun Openg announcing the appointment of the state sovereign wealth fund's board of guardians, flanked by Deputy Premier Datuk Amar Douglas Uggah and state financial secretary Datuk Seri Wan Lizozman Wan Omar. - ZULAZHAR SHEBLEE/The Star The board's appointment comes after the legislative assembly passed the Sarawak Sovereign Wealth Future Fund Board Ordinance on Nov 22 to establish a body as custodians of the fund.

"The fund will be managed strictly in accordance with its investment policy and mandate to deliver long-term risk-balanced real growth in its invested assets.

 

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