KUALA LUMPUR – Pelaburan Hartanah Bhd (PHB) has appointed Mohamad Damshal Awang Damit (picture) as its new group chief executive officer.

Mohamad Damshal will succeed Datuk Mahmud Fauzi Muda who will be retiring on Dec 31, 2022, upon the expiry of his contract.

In a statement yesterday, PHB said Mohamad Damshal has held various senior roles in investment management with major local investment institutions as well as foreign investment companies throughout his career. 

It said he has wide experience in Islamic finance, with recent appointments including as chief investment officer at Lembaga Tabung Haji in January 2020 and a year later as executive director of investment at the same institution.

PHB said Mohamad Damshal holds a Bachelor of Arts (Honours) in Accounting and Management Science from the University of Kent, Canterbury, UK and a Master of Business Administration from the University of Toledo, Ohio in the United States.

It said that he is also a chartered financial analyst with CFA Institute of the US and a certified financial planner with the Financial Planning Association of Malaysia.

The real estate investment company has also expressed its sincere gratitude to Mahmud Fauzi for his outstanding work as one of its founding employees over the past 16 years, beginning as chief operating officer in January 2007 and finally as group chief executive officer from Jan 1, 2019.

As a company under the purview of the Prime Minister’s Department, PHB manages real estate unit trust investment and promotes Amanah Hartanah Bumiputera, a shariah-compliant unit trust scheme. – Bernama