Datin Azleen Osman Rani was recently appointed as Director, Institute for Capital Market Research Malaysia (ICMR). She brings with her 16 years of experience from the financial and capital market industry as well as an abundance of energy from being a mom to three growing boys and training for and running marathons.
She had prior work experience in the banking sector at Citibank and CIMB in various capacities from corporate finance to corporate banking with a work stint in London before deciding to switch to the investment management industry in 2008, right at the heart of the Global Financial Crisis. She returned to Malaysia and joined the investment research team in ValueCap Sdn Bhd (ValueCap), an investment house equally-owned by government-linked institutions, Khazanah Nasional Berhad, Kumpulan Wang Pasaraan (Diperbadankan) and Pemodalan Nasional Berhad.
There, she was promoted to Head of Group Investment & Market Research in 2011 where she led a team of buy-side analysts covering various sectors and industries while her core focus was on equity market developments, outlook and thematic research. In her years of analysing capital markets especially during the post Global Financial Crisis, the traditional notions of laissez-faire capitalism came into question. Despite this, she still believes the case for capitalism remains strong, but one which is anchored by the principles of inclusivity, sustainability and responsibility and encourages long-term value creation. In ValueCap, she spearheaded a project and worked with Sarah (who has now joined her at ICMR), to help develop a framework for Environmental, Social and Governance (ESG) integration into the investment research and fundamental analysis process.
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.
She is now tasked with putting in the building blocks and to assemble ICMR’s dream team.
Datin Aida Jaslina Jalaludin is the lead researcher 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.
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.
Alea has just joined ICMR as a research analyst, bringing with her more than 6 years of experience in capital market regulation at the Securities Commission, where she focused on the development and regulatory oversight of the Malaysian bond market. Alea is also experienced in public sector policy, having spent a year working on macroeconomic and socioeconomic research and policy formulation at the federal level.
Alea believes in harnessing the capital market to intermediate financing to create a more sustainable and equitable world. 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 solutions.
Alea graduated with an LLB (Hons) from the University of Nottingham, UK and an MSc (Distinction) International Development from University of Nottingham, Malaysia.
Zul is a meticulous data analyst with over 9 years of experience working in the asset management industry. He believes that anything that is done more than twice should be automated, thereby improving flaws and optimizing growth. His career trajectory has involved increasing the efficiency of analysis and interpretation of quantitative and qualitative capital market data for actionable investment ideas.
The emergence of many new exciting fields such as big data, artificial intelligence, machine learning and other newer technologies demonstrate the fast paced, evolving nature of data in capital markets. Leveraging on his strong background in research and statistics, Zul employs R and Python languages into his analysis in order to keep up with the newest methods. Aspiring to be a full-fledged data scientist, he aims to experiment with the data to come up with better solutions and process efficiency. As a Data Analyst, Zul aims to use his analytic skills to shape ICMR as a data driven research institute that will serve as a trusted adviser and strategic partner for capital market industry in Malaysia.
Zul graduated with a Bachelor of Science in Statistics and a Masters of Science in Quantitative Sciences from UiTM, Malaysia.
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.
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.