Fixed-income securities specialist Julian Candiah has been appointed special adviser to the Chief Minister and deputy general manager I of the Penang Development Corporation (PDC).
The appointment was effective yesterday.
Born in Bukit Mertajam, Candiah had previously worked at international investment banks such as Credit Suisse Financial Products, Bear Stearns, J.P. Morgan, Merrill Lynch and BNP Paribas in London, Hong Kong and Singapore.
His responsibilities included the management of senior-level client relationships with major banks, corporations, investment funds and government entities.
“Julian has a wide range of experience to help the state chart new frontiers and areas concerning venture capital and drawing funds,” said Lim.
Candiah, 41, graduated with first-class honours in engineering and has a Master’s degree in manufacturing engineering from Cambridge University.
He was also a Cambridge Commonwealth Trust scholar.
After 14 years in the banking industry predating the current financial and economic crisis, Candiah ventured into private enterprise. He is currently a partner in several private equity firms and other companies with regards to investments and financial transactions.
“Julian will provide suggestions and carry out programmes that can help transform the state into an international city that is globally competitive, based on excellence and a knowledge-based economy,” Lim said.
“His expertise can assist in attracting new investments into the state.”
Lim said Candiah’s ability would help transform PDC into a competitive company, on par with government-linked companies and other top multi-national companies and private companies.
“At the same time, his experience will also help PDC general manager Datuk Rosli Jaafar immensely in carrying out a restructuring exercise,” he said.
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