Anwar: Khaled monitoring issue of resignations from LTAT, will report to Cabinet

KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim said Defence Minister Datuk Seri Dr Mohamed Khaled Nordin is monitoring the issue of the resignations of a few members of the senior management of Armed Forces Fund Board (LTAT).

"LTAT is currently being managed by the Minister of Defense and developments will be reported to the Cabinet," he told reporters after the launch of Tun Razak Exchange (TRX) as Malaysia's International Financial Centre (IFC) here today.

On Monday, Dayana Rogayah Omar, LTAT's head of strategic asset allocation and senior director of strategy, tendered her resignation.

Her departure marks the third exit from the pension fund within a month, which serves 120,000 active members of the Malaysian Armed Forces. 

This follows the resignations of chief executive Datuk Ahmad Nazim Abd Rahman and chairman General Tan Sri Raja Mohamed Affandi Raja Mohamed Noor on Feb 8, 2024.

Previously,Khaled shifted responsibility to the acting chief executive of LTAT to address the departure of its most recent senior executive.

He asserted his detachment from the daily operations of the pension fund, stating that his sole instruction to LTAT was to ensure inclusivity in decision-making processes. 

Khaled also stressed the need for discussions with all stakeholders and highlighted that any significant changes must be approved by the cabinet. 

When questioned about the succesive departure of senior officials as an indication of protest against his administrative approach, Khaled clarified that his message to LTAT focused solely on the importance of inclusive decision-making.

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