SINGAPORE (July 26): Malaysia’s strategic investment fund, Khazanah Nasional Berhad, saw a major shake-up this morning, after all nine of its board members tendered their resignation, including managing director Tan Sri Azman Mokhtar.

The other board members are Datuk Seri Nazir Razak, Tan Sri Md Nor Md Yusof, Tan Sri Mohamed Azman Yahya, Datuk Mohammed Azlan Hashim, Tan Sri Andrew Sheng Len Tao, Tan Sri Raja Arshad Raja Uda, Datuk Nirmala Menon, and Yeo Kar Peng.

In a statement issued this morning, Khazanah said the move was to facilitate a smooth and orderly transition under the new Pakatan Harapan (PH) government.

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