KUALA LUMPUR: Another member of the Armed Forces Fund Board's (LTAT) leadership has resigned, making it three resignations over the past one month at the pension fund for 120,000 serving members of the Malaysian Armed Forces.
The head of strategic asset allocation for LTAT, or senior director of strategy, Dayana Rogayah Omar, 39, has tendered her resignation.
A LTAT corporate spokesperson said Dayana resigned to pursue other interests and is currently serving her notice.
Dayana's impending departure will follow that of chief executive Datuk Ahmad Nazim Abd Rahmanchairman General Tan Sri Raja Mohamed Affandi Raja Mohamed Noor on Feb 8, 2024.
Ahmad Nazim's resignation letter to Defence Minister Datuk Seri Khaled Nordin sighted by Business Times expressed concern that the decision to put LTAT's Strategic Plan 2023-2025 on hold would shorten the runway for the execution, and present a significant risk to the balance sheet of LTAT, besides impacting the fund's ability to meet the minimum dividend target for 2023.
Meanwhile, Pharmaniaga Bhd today announced that Dayana resigned as an alternate director of the company effective Feb 14, 2024.
The board of Pharmaniaga received the resignation letter on Feb 16, 2024.
Dayana, was appointed alternate director for another LTAT nominee, chief financial officer Mohammad Ashraf Md Radzi.
Practice Note 17 company Pharmaniaga submitted its regularisation plan for the company on Nov 29, 2023.
On Feb 1, 2024, the company in its filing with Bursa Malaysia Securities Bhd said it is in the midst of preparing applications in relation to the regularisation pan and will submit the application to Bursa Securities for approval in due course.