Mavcap appoints new COO and chief investment officer

• New COO, investment officer to spearhead impact investment
• Both have in-depth experience and proven outstanding track records

Malaysia Venture Capital Management Berhad (Mavcap) has announced the appointment of Noor Amy Ismail as chief operating officer (COO) and Paramjit Singh Gill as chief investment officer (CIO) effective Aug 1.

In a statement and on behalf of Macvap's board of directors, Tunku Alizakri Alias, Mavcap chairman said, “As the largest venture capital (VC) firm in Malaysia, it is our mandate by the government to continuously advance the tech industry by onboarding highly capable professionals from abroad and locally with global familiarity.

“We are fortunate to have individuals of Noor Amy’s and Paramjit’s calibre and expertise to spearhead our impact investment based on sustainability measurement and digital transformation under the leadership of our chief executive officer, Shahril Anas Hassan Aziz.”

Noor Amy (pic) brings with her close to 24 years of corporate and small and medium enterprises (SMEs) experience across diverse industries in Malaysia and internationally, the VC said.

She has held leadership roles with firms such as Deloitte Touche, Media Prima Bhd the prime minister’s office, MediaCorp of Temasek Holdings (Singapore), InvestKL and FGV Holdings Berhad, amongst others.

She has also co-founded a logistic and self-storage SME since 2006.

Having spent years in London, she has contributed to the United Kingdom’s (UK) department of business, energy, industrial and strategy. She has also co-founded two food and beverage outlets in Bayswater, London, Mavcap said.

She is a Sloan Fellow from the London Business School and currently a Doctoral (PhD) candidate at Brunel University, London, specialising in Malaysia’s SMEs inter-collaboration framework for digital adoption, the firm said.

Noor Amy is a also council member of a global social impact NGO supported by Social Value International, it added.

Meanwhile, Paramjit has extensive experience spanning over 13 years in regional corporate investment banking, structured finance and private equity.

Paramjit (pic) began his career at Maybank Investment Bank Berhad and subsequently joined OCBC Bank Berhad as director and country head of Malaysia for Mezzanine Capital Unit, Mavcap said.

During his tenure, he led various regional corporate transactions across the bank’s core markets covering various sectors and industries, the firm said.

Shahril said, “Both have in-depth experience and proven outstanding track records, and we are confident that they will continue to further drive Mavcap forward in championing a vibrant VC ecosystem for Malaysia and spurring local and regional opportunities for tech start-ups and entrepreneurs.”