KUALA LUMPUR, October 28 – Principal Financial Group® is pleased to announce the appointment of Izad Sallehuddin (Izad) as the Chief Executive Officer and non-independent executive director of Principal Islamic Asset Management Sdn Bhd (Principal Islamic). In this role, Izad will spearhead business growth and oversee the strategic direction, operations, and product development of Principal Islamic to cater to the evolving needs of investors across Malaysia, Southeast Asia, Australia, the Middle East, and the United Kingdom.
Izad brings with him a wealth of experience, with over 15 years in prominent global financial institutions including UBS and Citigroup. Prior to joining Principal, he served as the Chief Operating Officer at Omesti Berhad. He boasts a successful track record in managing fundraising activities and rehabilitating assets of government-linked companies. Izad’s previous roles include serving as an independent non-executive director of AmIslamic Funds Management Sdn Bhd and contributing to the investment committees of AmFunds Management Berhad and AmIslamic Funds Management Sdn Bhd.
He has held key leadership positions as the CEO of Urusharta Jamaah Sdn Bhd and Chief Investment Officer of Peniana Kapital Sdn Bhd. Izad holds a Bachelor of Science degree in Economics from the London School of Economics and Political Science, complemented by a Master’s degree in Business Administration from the University of Nottingham. He further enriched his leadership skills by completing the Berkeley Executive Leadership Program at the Haas School of Business, University of California, Berkeley.
Munirah Khairuddin, Global Head of Islamic Business for Principal, and CEO/Country Head of Principal Malaysia, expressed her confidence in Izad, stating, “Izad will lead our team in providing clients in both public and private markets with comprehensive Islamic investment solutions that adhere to Shariah principles. His fresh perspectives and extensive experience will play an integral role in our growth plans and the support we deliver to our clients.” As of August 2023, Principal’s Global Islamic business assets under management stood at approximately USD6.95 billion. Izad Sallehuddin’s appointment marks a significant step forward for Principal Islamic as it continues to serve the financial needs of clients across diverse markets.
