Cradle Fund, Malaysia’s state-backed early-stage startup influencer, has announced the appointment of Rafiza Ghazali as the Group CEO, effective June 1, 2020.
Ghazali will bring on board her experience in Strategy, Innovation, Finance, and Business Management. She is currently CFO at Velesto Energy, a multinational player in the upstream oil and gas sector.
Ghazali started her career at Arthur Anderson & Co. in Australia and later held senior roles in several organisations, including Bank Negara Malaysia (BNM), RHB Investment Bank, Thomson Reuters, and Sime Darby.
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“Our immediate priority in this current COVID-19 crisis is to enable the Malaysian startups and tech entrepreneurs to navigate through the challenges and to evolve with the changing landscape,” said Yvonne Chia, Chairman of Cradle.
Cradle’s Group CEO Rafiza Ghazali
Chia also said that the search for the CEO role has gone through an extensive process and that the accelerator worked closely with the Ministry of Science, Technology, and Innovation (MOSTI) and the Ministry of Finance (MOF).
With the appointment, acting CEO Encik Razif Abdul Aziz will go back to his previous role as Cradle’s COO from June 1, 2020.
Cradle Fund was incorporated in 2003 under the Ministry of Finance Malaysia with a mandate to fund potential and high-calibre tech startups through its Cradle Investment Programme (CIP). Cradle is presently administered by the Ministry of Science, Technology, and Innovation (MOSTI).
Cradle’s product offerings are not only restricted to monetary aid, but also include commercialisation support, coaching, and various other value-added services to cater to today’s entrepreneurs’ diversified needs.
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