Syed Yasir Arafat to Step Down as Ekuinas CEO on March 31
A Pivotal Figure in Ekuinas’ Transformation
Since taking the helm in 2016, Syed Yasir Arafat Syed Abd Kadir had played a pivotal role in transforming Ekuinas into a leading private equity firm.
A New Era Ahead
Ekuinas CEO Syed Yasir Arafat Syed Abd Kadir will be stepping down from his post on March 31, after a 15-year tenure with the firm.
A New Leader Emerges
In a statement today, the government-linked private equity company said Aliff Omar Mohamad Omar, who is currently its senior investment director, would assume the role of acting CEO, effective April 1.
A Legacy of Vision and Leadership
Ekuinas chairman Shahril Ridza Ridzuan said Syed Yasir Arafat, one of the pioneer members of Ekuinas, would leave a lasting legacy of vision and leadership.
“His commitment to building future leaders has been instrumental in preparing Aliff Omar for this transition. The board has every confidence in Aliff Omar’s ability to steer Ekuinas into its next phase of growth while representing the core values of the firm,” he said.
Key Achievements
- Managed RM4 billion in funds under management
- Deployed RM5.6 billion in economic capital across 28 companies
- Created Dana Asas, a Bumiputera-focused private equity fund
- Introduced private credit as a new investment asset class
A New Leader Rises
Aliff Omar, who joined Ekuinas in 2017, has risen rapidly through the ranks and has been a key member of the leadership team, working closely with Syed Yasir Arafat on strategy and value creation.
With over 16 years of experience in corporate finance, mergers and acquisitions, and capital markets, he has also led numerous high-impact transactions across Malaysia and Southeast Asia.
Conclusion
Ekuinas is poised for a new era of growth and success under the leadership of Aliff Omar. Syed Yasir Arafat’s departure marks the end of an era, but his legacy will continue to shape the company’s future.
FAQs
* When will Syed Yasir Arafat step down as Ekuinas CEO?
March 31
* Who will assume the role of acting CEO?
Aliff Omar Mohamad Omar
* What is Ekuinas’ current asset under management?
RM4 billion
* How much economic capital has Ekuinas deployed across various companies?
RM5.6 billion