Kuala Lumpur, 28 March – Pengurusan Aset Air Berhad (PAAB) would like to announce that Abdul Hadi Ali has been appointed by Ministry of Finance as the new Chief Executive Officer of PAAB effective 19th March 2019.
Abdul Hadi joined PAAB in April 2010 as an Assistant General Manager, Treasury under Finance Division and was promoted to Chief Corporate Officer (CCO) in 2013. As a CCO his primary role is overseeing the negotiation with the state governments migration and water operators in water services industry restructuring and migration under the asset light regime of PAAB and responsible for corporate functions including Risk Management, Corporate Communication, Information Technology and Legal.
He was designated as Chief Treasurer after an internal reorganisation in May 2018 which saw Treasury function been assigned to him.
Abdul Hadi has over 20 years of experience both in corporate and banking environment. In 1989, he started his career with PETRONAS in money market and foreign exchange desk and later moved to fixed income portfolio management.
He made his foray into banking industry by joining Aseambankers Berhad in 1994 and became the Chief Dealer and was later promoted as the Head of Treasury in 1999. He moved to Hwang DBS Securities in 2002 to establish the private debt securities (PDS) trading desk and joined KAF Discount Berhad (later known as KAF Investment Bank), in 2003 as the Head of Sales.
In 2008, Abdul Hadi left Malaysia to join the Islamic Development Bank, a multilateral development bank based in Jeddah, Kingdom of Saudi Arabia as a Financial Market Specialist. His main responsibility was in the area of liquidity and institution’s currency basket management (Islamic Dinar) and investments.
Abdul Hadi graduated from University of Missouri at Kansas City, USA with Masters in Business Administration (Finance) and Bachelor of Business Administration (Finance) from Loyola University, New Orleans in USA. He attended several leadership and management programmes including the Cambridge Advance Management Programme in Cambridge University, United Kingdom in 2016.
PAAB was established on 5th May 2006 as a wholly owned company under Minister of Finance (Incorporated) [MoF(Inc.)]. The company forms part of the Federal Government’s efforts to restructure the water service industry in the country to achieve better efficiency and quality.