PNB Group chairman Tan Sri Zeti Akhtar Aziz said as a long-term investor, PNB focuses on the fundamentals; avoiding market congestion while identifying mega shifts in the financial market. — Picture by Ham Abu Bakar
Speaking at the virtual media briefing on PNB’s 2019 Annual Report and Strategic Plan for 2020-2022 here today, Zeti said that PNB has outlined its way forward in Focus 4 — a strategic plan which aims to ensure that the company is well-positioned to navigate through these tough times. PNB also plans to increase its global exposure to 30 per cent by 2022 from 8.5 per cent as of end-2019, he said, adding that PNB would strategically diversify its investments over a spectrum of global assets, while increasing capital efficiency and crystallising a more vibrant investment process.
Meanwhile, commenting on the 2019 performance, Zeti said despite the volatile and challenging global economics, PNB recorded a resilient financial performance, making good progress in its portfolio diversification efforts as well as liquidity management, while enhancing unit holders’ experience. Going forward, Zeti said 2020 would indeed be a very challenging year for companies worldwide, including PNB, as most countries are not immune to the economic impact of the unprecedented Covid-19 pandemic.