VCI Global appoints Dr. Chan Wai Mun as Chief AI & Data Officer

KUALA LUMPUR - VCI Global Limited (NASDAQ:VCIG) announced Wednesday the appointment of Dr. Chan Wai Mun as Chief AI & Data Officer, according to a company press release.

Dr. Chan brings experience from previous data science roles at Intel and GfK, a division of NielsenIQ. He holds a PhD in Engineering and has over seven years of experience across manufacturing, operations, and retail sectors, specializing in business analytics, machine learning, and large language models. For deeper insights into tech companies’ AI initiatives and valuations, InvestingPro offers comprehensive analysis and research reports covering over 1,400 US stocks.

The appointment comes as VCI Global advances its AI and cybersecurity initiatives, including the development of SecureGPU, an encrypted AI compute infrastructure, and CyberSecure, a quantum-resistant cloud security solution.

"As we continue scaling our AI infrastructure across the region, his academic depth and practical experience in AI deployment will be instrumental in turning data into value for our clients," said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.

Dr. Chan’s expertise includes building enterprise-grade AI systems on Microsoft Azure. In his new role, he will lead AI model development, data infrastructure, and analytics integration for the company.

VCI Global, which began as a capital markets consultancy, now operates across fintech, AI, robotics, and cybersecurity sectors, with a focus on Southeast Asian markets. The company maintains impressive gross margins of 54% and has achieved 37% revenue growth over the last twelve months, while trading at notably low valuation multiples with a price-to-book ratio of 0.28.

In other recent news, VCI Global Limited has been active in expanding its capabilities and market reach through strategic acquisitions and key appointments. The company announced the acquisition of V Capital Fund Management Limited, a move that provides VCI Global with access to a regulated asset management framework in Labuan, Malaysia. This acquisition is expected to finalize in the third quarter of 2025, pending customary closing conditions and regulatory approvals. Additionally, VCI Global has acquired Secure Encryption Storage Limited, an encryption hardware company with 129 patents, granting them exclusive distribution rights in certain Southeast Asian regions.

In leadership changes, VCI Global appointed Dr. Chan Wai Mun as Chief AI & Data Officer to enhance its artificial intelligence and data solutions. Dr. Chan brings substantial experience from previous roles at Intel and GfK. Furthermore, Jane Teh has been named Chief AI Security Officer, bringing over two decades of cybersecurity expertise to the company. These appointments aim to bolster VCI Global’s capabilities in AI and cybersecurity.

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