Boustead Holdings Berhad announced the redesignation of DATO' AHMAD NAZIM BIN ABD RAHMAN, aged 47, from Non Independent and Non Executive Director to Chairman. Date of change is March 2, 2023. He holds Masters degree in the fields of Master of Public Affairs (Economics and Public Policy) from Institut d'Etudes Politiques de Paris - Sciences Po, Paris and Master of Laws (LL.M) (J William Fullbright Fellow) from Georgetown University, Washington DC.

He also holds degree in the field of Bachelor of Laws (LL.B) (Honours) from International Islamic University Malaysia. Ahmad Nazim is the Chief Executive of Lembaga Tabung Angkatan Tentera (LTAT). He has more than two decades of corporate, investment and restructuring experience across multiple geographies and industries.

Prior to joining LTAT, he was the Managing Director for Southeast Asia of Allied Investment Partners, a UAE-based investment firm and served as CEO of Pelaburan MARA Berhad from 2013 and 2018. Ahmad Nazim has served on the Boards of statutory bodies, financial institutions and companies, listed and unlisted across various sectors. He has been a Commissioner and Chair of the Economic Committee of Energy Commission Malaysia and a Director of University of Malaya, National Bank of Abu Dhabi (Malaysia) Berhad, Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN) and Education Malaysia Global Services Sdn Bhd.

Apart from Boustead Holdings Berhad, he is currently a Non-Independent Non-Executive Director of Boustead Heavy Industries Berhad, and Chairman of Boustead Naval Shipyard Sdn Bhd and Boustead Petroleum Marketing Sdn Bhd.