KUALA LUMPUR, 23 July – The Board of Directors of Faber Group Berhad (“Faber”) has appointed Azmir Merican as the Company’s Managing Director, effective 1 August 2014.
Following this appointment, Azmir will relinquish his position as Executive Director of Faber, a role he assumed on 1 February 2014, and as Group Chief Operating Officer, Business Units of UEM Group Berhad (UEM Group), the major shareholder of Faber.
Azmir, who has a wealth of cross functional experience from his background in financial advisory and as a business operator, will continue to lead Faber and realise the Company’s intention to transform itself into a total Asset Development & Asset Management company with expertise and presence in the healthcare, infrastructure and commercial sectors. This will be achieved upon completion of the RM1.15 billion acquisition and merger of Projek Penyelenggaraan Lebuhraya Berhad or PROPEL and Opus Group Berhad (OGB) from UEM Group.
Before joining UEM Group in October 2012, 43-year old Azmir was the Group Chief Executive / Managing Director of AWC Berhad, a listed entity of the Main Market of Bursa Malaysia Securities Berhad and a provider of engineering services and solutions and integrated facilities management in Malaysia, Singapore and the Middle East. Prior to AWC, he was attached at CIMB Investment Bank where Azmir was part of the team that established the bank’s private equity business. He was involved in fund structuring and fund raising, investment evaluation and structuring, monitoring and execution of divestment plans.
Azmir started his career as an investment analyst and later worked as a manager in the financial advisory arm of PricewaterhouseCoopers. His corporate advisory experience includes dealings with corporations, multinationals and institutions involved in construction and engineering, real estate development, plantations, manufacturing, oil and gas, venture capital, fund management and stockbroking.
