Datin Azleen Osman Rani was appointed as Director, Institute for Capital Market Research Malaysia (ICMR) in 2017. She has about 20 years experience in both the banking sector and capital markets. Prior to ICMR, she was in the asset management business and served as the Head, Group Investment & Market Research in ValueCap Sdn Bhd (ValueCap), where she led a team of buy-side analysts covering various sectors and industries while her core focus was on equity market developments, market outlook and strategy and thematic research. Her research interests now mainly focuses on the structural trends and developments affecting overall market development which have risen in importance on the agenda of policymakers. This includes various topics on sustainability, financial inclusion, talent development as well as innovation and long-term value creation in capital markets.
In July 2020, Azleen was appointed as a member of the External Advisory Committee (EAC) for Master of Applied Finance, Department of Economics and Finance at Sunway University Business School and is also a member of their Industry Advisory Board. She graduated with a Bachelor of Science in Economics & Accounting from the University of Bristol, UK and a Masters of Science in International Accounting & Finance from the London School of Economics and Political Science, UK.
Datin Aida Jaslina Jalaludin is the head of research development at ICMR, responsible for the design and development of its research programmes with the aim of promoting intellectual discourse between stakeholders to ultimately shape the Malaysian capital market. With over 20 years of experience in economic policy making, capital market policies, business planning and process re-engineering, she was instrumental in the formation of ICMR, having worked on its conceptualisation as well as led the Project Management office to spearhead ICMR’s establishment.
Prior to this she headed the management of the Capital Market Development Fund (CMDF), an independent statutory fund established to promote the development of the Malaysian capital market – a stint which gave her greater insights into the needs of the industry and rendered her better equipped for her role in ICMR.
Before CMDF, during her tenure in the Strategy and Research Department of the Securities Commission (SC), she was responsible for research works to facilitate economic and capital market policy making as well as managed the SC’s strategic business planning process. Amongst others, her expertise was employed in the development of national economic plans and she played a key role in drafting the Capital Market Masterplan 2 together with several blueprints across the capital market.
Previous work experiences include managing business plans and treasury operations at the Hong Leong Group as well as process re-engineering and business turnarounds for the various subsidiaries of PETRONAS, providing her with a strong understanding of company structure and operations.
She holds a Bachelor of Science in Accounting and Finance from the London School of Economics and Political Science, UK.
Dr. Gopi Krishnan is an Associate Director at ICMR, with 15 years of research experience in capital markets and economics. His role in ICMR is focused on determining critical links between financial markets and economic growth and the development of macro and market analytics capabilities for ICMR.
Prior to joining ICMR, Gopi was the Head of Macro, Financial Market and Analytics in ValueCAP. His team provided strategic support to the organisation through various investment tools and quants approaches to determine asset allocation according to expected business cycle models. He was also appointed as a Non-Independent Board member of VCAM Investment Committee (a subsidiary company of Valuecap) in 2017; in recognition of the need to incorporate views and feedback on the evolving global, regional and local economic and market developments into the strategic planning and direction for the investment team.
Beyond his professional career, he has conducted research in the academic arena. His PhD thesis was on the “Dynamic Links Between Institutions, Innovation and Economic Growth” with a focus on the role of institutions and innovation in the economic development. He has published in various academic journals and book chapters in the area of economic growth and development policy. He possesses strong analytical skills, especially working with various econometrics and forecasting models. Before joining Valuecap, he was a lecturer at University of Malaya and Inti International College, Subang Jaya.
Gopi Krishnan obtained his doctorate in Economics from University of Malaya in 2019.
Alea has joined ICMR as a research analyst, bringing with her substantial experience in public policy and research. She spent six years working on capital market development and policy at the Securities Commission Malaysia, and a year with the Prime Minister’s Office conducting policy research on macroeconomic and socioeconomic issues like income inequality, financial markets, affordable housing and trade.
Alea is curious about how the world works, and the intersections between economics, socio-politics and global trends. Her current areas of research interest include financial inclusion, behavioural finance and the digital economy. She is interested in exploring the potential of financial markets to address developmental needs in a changing global landscape, and hopes that ICMR can play a role in bringing together various stakeholders to provide innovative evidence-based solutions.
Alea graduated with an LLB (Hons) from the University of Nottingham, UK and an MSc (Distinction) International Development from University of Nottingham, Malaysia.
Cheam Tat Hong is a research analyst at ICMR, responsible for the design and development of its research programmes with the aim of promoting intellectual discourse between stakeholders to ultimately shape the Malaysian capital market.
With over 10 years of experience in capital market policies making, he was instrumental in the development of the capital market’s fintech agenda particularly in relation to market-based financing such as equity crowdfunding, P2P investment, and unlisted market marketplace. In addition, he also undertook various research and development assignments in relation to the Malaysian private equity & venture capital industry.
Prior to this, he was attached to Hong Leong Bank’s Strategic Business Transformation Division, focusing on customer experience (CX), innovation and digital transformation – a stint which gave him greater insights into the needs of the Fintech and banking industry. Before Hong Leong Bank, during his tenure in the Strategy and Research Department of the Securities Commission (SC), he was responsible for research works to facilitate economic and capital market policy making; ranging from its conceptualization, through implementation to marketing and communication. Amongst others, his expertise was employed in the development of the Capital Market Masterplan 2 together with several framework for equity crowdfunding and P2P Investments.
He holds a Bachelor degree in Economics and Finance from R.M.I.T University.
Sarah Asha’ari is part of the inaugural team for the Institute for Capital Market Research Malaysia (ICMR). Sarah has been active in promoting sustainable and responsible behaviors in corporate Malaysia through her role as an Environmental, Social and Governance (“ESG”) analyst in ValueCap and a sustainability consultant in PwC Malaysia.
Passionate about sustainability, Sarah sees immense potential in the role of capital markets as an enabler and a driving force for inclusive and sustainable growth. Having had direct contact with the Malaysian corporate companies in understanding their ESG journey, Sarah is optimistic about a future in which the private sector continues to play a role to help create a better future for all. As a lead project management analyst, she hopes to shape ICMR into a dynamic research institute that will bring practicality into a field filled with theory and abstracts. She aspires to model ICMR into an interactive institute, with doors open to all those who are intellectually curious and shares her passion on promoting sustainable development through capital markets.
Sarah graduated with a Bachelor of Arts in International Relations from the University of Nottingham.
Nadhirah Ibrahim is a Research Analyst for the Institute for Capital Market Research (ICMR). She identifies as an analytical economist with experience in behavioural insights seeking to embed the element of human behaviour into informed decision-making for both consumers and investors. She is a strong believer that adding the behavioural finance perspective to the equation can help us to understand better how market agents will react. At ICMR she is looking to study why individuals do not always make the decisions they are expected to make and why markets do not reliably behave as they are expected to behave. Essentially, the more we understand and anticipate these behaviours, the better our policymaking will be.
Prior to joining ICMR, Nadhirah has served four years at the Securities Commission (SC) Malaysia where she regulated the capital market with emphasis in retail investors. She was one of the founding members of SC’s Behavioural Insight Unit and also served as a Secretariat to Malaysia’s Financial Education Network (FEN), a national endeavour to improve Malaysians Financial Literacy and planning. Nadhirah’s most recent experience is with the Employees Provident Fund (EPF) as a Behavioural Insight Analyst conducting policy research on retirement solutions and financial literacy. During her tenure, she was heavily involved in publications related to financial literacy and also consulted on EPF policy redesign which embedded elements of behavioural economics.
Nadhirah graduated with a Bachelor in Analytical Economics (Hons) from the University of Multimedia Cyberjaya (MMU).
Zul is a Data Scientist at ICMR. He has over 10 years of data analytics experience in the asset management and capital markets industry. Given his passion for discovering solutions hidden in large data sets, Zul’s main focus is to help develop data-driven research and analytics capabilities in ICMR.
Zul is a data enthusiast whose core interests include automated data analysis, machine learning and data mining methods. Equipped with sound statistical knowledge, experience in analyzing structured/unstructured business datasets and the ability to create algorithms and simulations, he is on a mission to harmonize the latest data analytics capabilities in facilitating capital markets research.
He graduated with a Bachelor of Science Statistics and MSc. of Quantitative Sciences from UiTM.
Julianna is a data analyst for ICMR, whose initial focus in on capital markets. She has 6 years of experience in capital market related research covering topics such as product development, investment strategies and the future trends of the fund management industry. Previously, she was involved in development of Exchange Traded Funds (ETFs) in Valuecap.
She believes in the importance of quality education and sees her role within the team as that of delivering the right information to the right people. Being on the data team, she hopes to see ICMR becoming a reputable source of information not only for professionals, but also the public at large. To facilitate this movement into a more data-centric institute, she is currently expanding her capabilities into programming.
Julianna graduated with a Bachelor of Economics from International Islamic University of Malaysia (IIUM).
Melissa is ICMR’s Data Management and Operation Associate. She is the newest addition to the team, having done her final year internship in the company and subsequently being hired in as a full-time member of ICMR’s Data team. Her ICMR experience marks the shift as she professionally and personally shifts from the academic world to the corporate world.
Melissa is a strong-willed individual who is not only determined to contribute and stand for what matters to ICMR, but also to grow as a better person and as an analyst by absorbing every bit knowledge possible with the guidance of her teammates.
Melissa graduated with Bachelor of Science (hons.) Statistics from Universiti Teknologi MARA (UiTM).
Shea-Fee is ICMR’s Project & Operations Manager. She had 11 years of work experience as a consultant and an entrepreneur, after which she stepped out of the corporate world to focus on her young family. She joined ICMR as her career comeback role and looks forward to being part of the team bringing improvements to Malaysia’s capital markets that will lend to the development of the country and its people.
Shea-Fee has a people-oriented nature and believes in the value of employee engagement and the importance of company and team culture. She was a consultant in Accenture Sdn. Bhd. for 5 years where she handled the functional and client-facing aspects of project management and system implementation work in the financial industry. After Accenture, she helped to start up and co-owned a recruitment company called Piceri Sdn Bhd which specialised in recruitment, profiling, matching and training of young professionals for industries like banking, consulting and telecommunications.
Shea-Fee graduated with a Bachelor of Science in Economics from the London School of Economics and a Master of Science in Environmental Economics from University College London.