Board of Directors

  • Luk Wai Hong, William

    Chairman of the Board & Independent Non-Executive Director

    Luk Wai Hong, William (“Luk”) was appointed to the Board of Directors (“Board”) of I-VCAP Management Sdn Bhd (“I-VCAP”) as the Chairman and an Independent Non-Executive Director (“INED”) on 12 April 2021.

    He is also an INED and the Chairman of the Investment Committee and a member of the Audit and Risk Committee of Kenanga Investors Berhad (“KIB”), the holding company of I-VCAP.

    In addition, he is also an INED of Kenanga Investment Bank Berhad, the holding company of KIB and Chairman of its Group Board Risk Committee, Member of its Group Governance, Nomination & Compensation Committee, Employees’ Share Scheme Committee, Audit Committee and Group Board Digital Innovation & Technology Committee.

    He holds a Bachelor of Arts (Honours) from Concordia University, Montreal, Canada, a Masters of Urban Planning from the University of Michigan, USA and an Executive Fellowship awarded by the State of Washington.

    Luk is currently the Director of Investment of Cotton Tree Capital Ltd, of which he is the co-owner, with offices in Hong Kong and Singapore. He has more than twenty (20) years of experience in various capacities in the financial services industry, out of which eleven (11) years were spent in Deutsche Bank AG, Hong Kong and Singapore.

    He began his career in 1989 as an Executive Fellow and Transportation Finance Specialist in the Office of Financial Management in the State of Washington. He later joined Lehman Brothers, Hong Kong as a Fixed Income and Credit Trader in 1993. After three (3) years, he joined HSBC Markets, Hong Kong for a year, before joining Deutsche Bank AG in 1997 as a Senior Associate Director and Senior Credit and Derivatives Trader. He then became Deutsche Bank AG’s Director and Head of Structured Credit Trading and Principal Finance Asia, a post he held until 2004.

    In 2004 and 2008, Luk was appointed as Deutsche Bank AG’s Managing Director and Co-Head of Global Credit Trading and Principal Finance Asia, as well as Managing Director and Co-Head of Saba Proprietary Trading Group Asia, respectively. In 2008, he joined Pacific Advantage Capital, Hong Kong and Singapore, as its Principal and Portfolio Manager focusing on credits and special situations, before taking up the position of Director of Investment of Cotton Tree Capital Ltd in 2011.

  • Imran Devindran bin Abdullah

    Independent Non-Executive Director

    lmran Devindran Abdullah (“Imran Devindran”) was appointed as an Independent Non-Executive Director (“INED”) of I-VCAP Management Sdn Bhd (“I-VCAP”) on 19 February 2021.

    He is also currently an INED of Kenanga Investors Berhad and the Chairman of its Audit and Risk Committee and a member of its Investment Committee.

    He is currently a Senior Associate of BH Lawrence & Co, Advocates and Solicitors in Damansara, Petaling Jaya. He has accumulated over thirty (30) years of experience in civil litigation, with a portfolio that includes expertise in insurance, civil litigation and banking from his tenure as a legal assistant with some of the most established firms in Kuala Lumpur.

    Imran Devindran holds an Honours Bachelor of Law (1988) from the University of Buckingham, England and a Certificate of Legal Practice from the University of Malaya. He acquired his formative education in Malaysia, before progressing with his secondary schooling in Singapore and acquiring his A-Levels at Raffles Junior College, Singapore. He was admitted to the Malaysian Bar as an advocate and solicitor in August 1990 after successfully completing his chambering with Messrs. Rashid & Lee in Kuala Lumpur.

    lmran Devindran has represented major corporations such as Pan Global Insurance Berhad, Royal Insurance (M) Berhad, Malayan British Assurance, United Oriental Assurance Berhad (now known as Tune Insurance Berhad), Nusantara Worldwide Insurance (M) Sdn Bhd, Progressive Insurance Sdn Bhd and People's Insurance Sdn Bhd in settlement negotiation, claims consultancy and developing strategies for litigation. lmran Devindran was also active in the North Johor Affairs Committee, from 2003 until 2008. In that capacity, he brought his superb communication skills and vigilant analytical approach to execute his responsibilities mediating and resolving complaints received by the Johor Bar, overseeing the welfare of lawyers and nurturing closer relations between the lawyers and the North Johor judiciary by organizing social interaction activities.

  • Datuk Wira Ismitz Matthew De Alwis

    Non-Independent Non-Executive Director

    Datuk Wira Ismitz Matthew De Alwis (“De Alwis”) was appointed as a Non-Independent Non-Executive Director (“NINED”) of I-VCAP Management Sdn Bhd (“I-VCAP”) on 19 February 2021.

    De Alwis is currently the Chief Executive Officer (“CEO”) and Executive Director of Kenanga Investors Berhad (“KIB”) and a member of its Investment Committee. He also serves as a NINED on the Board of Directors of Kenanga Islamic investors Berhad, as well as other subsidiaries of KIB.

    As the CEO of KIB, he is responsible for the overall asset and wealth management business of KIB and its subsidiaries. He started his career as an Investment Analyst with a regional research and advisory firm, where he obtained vast regional exposure in Hong Kong, Philippines, Dubai and Singapore. He brings with him more than thirty (30) years’ worth of experience, expertise and several leadership roles in the fields of financial and investment management both regionally and locally. He joined KIB in June 2013 upon KIB’s acquisition of the ING investment management business in Malaysia, ING Funds Berhad, where he was the Executive Director and Country Head.

    He is an alumnus of University of Cambridge, Judge Business School – ABSEP and has also attended the Advanced Business Management Program by the International Institute for Management Development, Lausanne, Switzerland.  He holds an MBA and professional qualifications from the Chartered Institute of Marketing UK. He is also a Certified Financial Planner and Islamic Financial Planner. He has a Capital Markets Services Representative’s Licence from the Securities Commission Malaysia (“SC”) for fund management, investment advice and financial planning.

    De Alwis is the Chairperson of the Malaysian Association of Asset Managers, and is currently on the board of the Federation of Investment Managers Malaysia. He is a member of Securities Commission Malaysia’s Assessment Review Committee (ARC) – Fund Management and is a member of the FTSE Bursa Malaysia Index Advisory Committee. He is also a member of the Joint Committee (BNM &SC) on Climate Change (JC3) and the Industry Competency Framework Advisory Panel for the Malaysian Capital Market project undertaken by the Securities Industry Development Corporation.

    Additionally, he is a member of the Sustainable Investment Platform Steering Committee – Malaysia Sustainable Investment Initiative and a Council Member of the Institutional Investors Council Malaysia. De Alwis is also Investment Adviser for the Olympic Council of Malaysia’s Trust Management Committee.

  • Syed Umar bin Abdul Rahman Alhadad

    Executive Director (“ED”) / Acting Chief Executive Officer

    Syed Umar bin Abdul Rahman Alhadad (“Umar Alhadad”) was appointed as an Executive Director and Acting Chief Executive Officer of i-VCAP Management Sdn Bhd (“i-VCAP”) on 19 February 2021.

    Prior to joining i-VCAP, Umar Alhadad was Head of Strategic Planning and Risk at Kenanga Investors Berhad (“KIB”). His role revolves around the strategic setting and implementation of key initiatives whilst overseeing the risk management of the company. During his four (4) year period with KIB, Umar Alhadad had led various corporate exercises which include among others merger and acquisition, licence applications and council admission. He was also involved in steering the digital transformation of KIB.

    Umar Alhadad was formerly from KIB’s parent Kenanga Investment Bank Berhad (“KIBB”), where he spent a cumulative six (6) years with Group Corporate Planning and Group Transformation.

    Prior to KIBB, Umar was in the media and advertising sector at Spafax, a WPP Group company where he spearheaded the Malaysian outfit. This was preceded by his employment experience on the rollout and support for digital surveillance system for retail bank branches at Ramtronics Technology Sdn Bhd.

    Umar Alhadad is a graduate of Multimedia University, Malaysia in B.Eng (Hons) Electronics Majoring in Telecommunications and a Certified Financial Planner. He holds a Capital Markets Services Representative’s Licence (CMSRL) from the Securities Commission Malaysia for fund management.