I quit due to displeasure over ‘where things were going’ in PNB, says ex-CEO


Jalil Rasheed says the focus should be on the professionalism in Permodalan Nasional Bhd and not on his qualifications. – Twitter pic, July 17, 2020.

FORMER Permodalan Nasional Berhad (PNB) CEO Jalil Rasheed said he resigned over professional issues at the government-linked company, and said this should be the focus of discussion rather than his university qualifications.

“I resigned because I did not like where things were going. If somebody did not like me in return, could have just told me (nobody did directly), and I would have resigned. Easy,” he tweeted today.

 

 

“I was a professional who took my job seriously in wanting to bring professionalism into the firm

“Perhaps that focus should be the priority rather than harping on a CEO who has already resigned. Move forward please. I certainly have.

“One must ask the question why this relentless witch hunt? Why this smear campaign to discredit?,” he added in more tweets.

Jalil, who previously served as CEO of Southeast Asia for Invesco Ltd, resigned on June 15 stating he and his family were being harassed.

He was the youngest chief of PNB and was appointed by Pakatan Harapan in October, replacing Abdul Rahman Ahmad.

His tenure was the shortest in the sovereign unit trust fund’s history.

Jalil’s qualifications came up in Parliament yesterday in response to an MP’s query.

A written reply from the Prime Minister said Jail was not a London School of Economics graduate, citing confirmation from the LSE.

Jalil however, said this was a well known fact and all his previous employers were in the know as they did background checks prior to hiring him. 

He said in more tweets that he had studied as an external student, and this was known to all his previous employers and friends.

“Some proper checks would suggest why its UoL / LSE due to the way the colleges are arranged under the university.

“There are emails from the university confirming this but clearly some want to believe what they believe. Hope that clarifies. We need to understand the root cause why this is an issue in the first place. I graduated 17 years ago!”

Jalil tweeted that the current smear campaign on his university degree was unnecessary, saying those who did not like him while at PNB could have approached him directly.

He said his degree had never been a problem till now.

“In every job, background checks were conducted by third party firms, and cross checked with past employers. 

“This whole thing has been unnecessary. As far as I’m concerned, good riddance,” he tweeted.

PNB manages savings of over 14 million Malaysians and is a major shareholder in Sime Darby, MayBank, SP Setia, UMW, Malaysian Reinsurance and Malaysian Industrial Development Finance Bhd (MIDF).

Former Bank Negara chairman Zeti Akhtar Aziz is currently PNB chairman. – July 17, 2020.



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Comments


  • Jalil Rasheed is correct.
    Anybody who has studied at any of the colleges that make up the University of London, knows that what he said is true.
    The LSE, as is Imperial College, Kings College, University College, Queen Mary's College, and the School of Oriental and African Studies (SOAS), are just some of the seventeen constituent colleges of the University of London, and all undergraduate and postgraduate degrees are issued under that umbrella, regardless of which constituent college one studied in.
    Anybody who graduated from the LSE would get a degree issued not by the LSE per se, but by the University of London, notwithstanding the fact that records would have been kept that indicate the college from which the degree emanated.

    Posted 3 years ago by Arul Inthirarajah · Reply

  • Good that Jalij speak out to defend himself. Regardless what degree he has, he is a successful fund manager and manages huge amount of funds. Just move on la..

    Posted 3 years ago by Noor Azhar Kamaruddin · Reply

  • Jalil Rasheed is right. The University does not make you. You make the University.
    How many of the world's most prominent CEO come from world famous university. But they have worked hard to reach the very pinnacle of success and nothing else.

    Posted 3 years ago by Harit das · Reply