I Synergy Group Limited announced the appointment of a Chief Executive Officer. The Company announced the appointment of Mr. Shah Mohammad Ali as the Chief Executive Officer of the company, effective 2 February 2023. Mr. Shah takes over the roles and responsibilities of Mr. Kevin Coutinho who has resigned from his positions at the Company, also effective February 2, 2023.

Mr. Shah's appointment follows an extensive search and selection process, which identified him as the candidate with the demonstrated experience and the most suitable skill set to advance the Company's growth and strategy. Mr. Shah has a decade of senior management experience with public and private (publicly listed and privately held) organisations. He has a very strong track record in business strategy, operations, and creating impact through cultivating solid and effective partnerships with the public and private sectors for developing strategic partnerships, joint ventures, alliances, and platform licensing.

Being a former Director of Product and Innovation at a publicly listed company, Privasia Technologies Berhad, in Malaysia, Mr. Shah had successfully positioned this company as a thought leader in the digital supply chain space and SaaS cloud-based system product operators. Mr. Shah was also the Head of Fintech & Islamic Digital Economy (IDE) and Fintech at Malaysia Digital Economy Corporation (MDeC), where he initiated and led impact programs for local and foreign tech entrepreneurs and contributed to policy development with the Central Bank of Malaysia and the World Bank Group. Currently sitting on several advisory panels of startups and development organisations, Mr. Shah's role spans fundraising, capacity building and market access.

He is a thought leader in digital advocacy, ecosystem development and the impact creation space. Additionally, he is a Distinguished Industry Fellow at the Institute of Sustainable Growth and Urban Development at the University Utara Malaysia. Mr. Shah holds a Master in Islamic Finance and is currently completing his PhD in Business Administration.

The immediate key initial focus of his CEO role will be to undertake a thorough operational review of the Company's projects and strategy to maximise its opportunities, lead generation and partnerships and determine the next steps moving forward to build the business of the Company. Mr. Shah is tasked with driving adoption of the wyde product throughout South-East Asia.