Malaysia Venture Capital Management Berhad (MAVCAP) welcomed a seasoned industry titan to its ranks with the appointment of Tan Sri Datuk Ter Leong Yap as its new Chairman, effective 15 December 2023.
Tan Sri Datuk Ter brings a wealth of experience and a stellar track record in entrepreneurship and board-level leadership to his new role. As the Founder and Executive Chairman of SUNSURIA GROUP and holding key positions such as Honorary Advisor of the National Chamber of Commerce and Industry of Malaysia (NCCIM), Life Honorary President of The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM), and Life Honorary President of the Chinese Chamber of Commerce and Industry of Kuala Lumpur & Selangor (KLSCCCI), Tan Sri Datuk Ter’s influence extends beyond borders.
In a statement, MAVCAP Chief Executive Officer, Shahril Anas Hasan Aziz expressed the Board’s pleasure in welcoming Tan Sri Datuk Ter, emphasizing his extensive entrepreneurship experience and stewardship of various companies and institutions. “We look forward to his leadership as we execute our strategic plan to deliver our mandate with the development of local Venture Capital (VC) talent, establishment of local VC companies, and attracting foreign VCs and funding into Malaysia,” said Shahril Anas Hasan Aziz.
Tan Sri Datuk Ter’s illustrious career has been marked by the success of multiple award-winning publicly-listed entities across various sectors, including property development, healthcare, education, construction, landscaping and nursery services, food and beverage, retail, trading, and other complementary businesses. His entrepreneurial acumen has garnered prestigious accolades, including the Property Guru Asia Property Awards Australia 2023, multiple Star Property Awards in 2023, and recognition from The Edge Billion Ringgit Club Corporate Awards and The Edge Malaysia Outstanding Property Entrepreneurs Award.
As MAVCAP entered this new chapter under Tan Sri Datuk Ter’s leadership, Malaysia’s venture capital landscape is poised for innovation, growth, and international prominence. Tan Sri Datuk Ter’s appointment heralds an exciting era of strategic vision and collaborative advancement in the realm of venture capital, promising impactful developments for Malaysia’s entrepreneurial ecosystem and the broader economy.
