ICPM is thrilled to welcome KWAP to the network. As Malaysia’s largest public-sector pension fund, Retirement Fund (Incorporated) (KWAP) manages more than RM185 billion (approximately USD45 billion) in assets and serves over 800,000 members. Established under the Retirement Fund Act 2007, KWAP plays a central role in Malaysia’s public-sector retirement system by managing government pension contributions and investing them prudently to support long-term pension obligations.

In 2015, KWAP was also appointed as the Federal Government’s agent for the payment of pensions, gratuities, and other retirement benefits, further strengthening its role in the country’s retirement ecosystem.

“KWAP is a well-known and leading fund in Asia. The challenges they face are similar to those encountered by Canadian, Dutch, and other funds,” said Sebastien Betermier, ICPM Executive Director. “As our first member fund in Malaysia, KWAP brings an important perspective to the network as we continue to expand our presence in the region.”

With KWAP’s admission, ICPM’s network now comprises 55 pension funds globally, with KWAP as its first member from Malaysia.