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16 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) REALISING A FULFILLING FUtURE

KWAP

TERAS 5

TERAS 5 - KWAP’s enhanched
operating model was developed in TERAS 5
2022 to catalyse internal restructuring
and ensure KWAP is agile and ready 3-year
for future challenges. This is part Transformation
of wave 3 (2020-2025) of KWAP’s Programme
(2022-2024)
transformation journey towards Structure Governance People Process Digital
fulfilling KWAP’s Vision 2025, with the
ultimate end-goal to grow the gross Catalysing 5 Enablers
fund size to RM200 billion by 2025.

‘Teras’ meaning ‘Core’ is intended
to solidify KWAP’s core foundation
and grow sustainably. Through
the implementation of TERAS 5,
KWAP aims to enhance efficiency,
transparency, and accountability,
thereby increasing stakeholder trust
and confidence. Driving 8 Workstreams

The enhanced operating model was • Organisational Structure (OGS) • Corporate Services (CRS)
fully developed in-house to solidify • Enterprise (ENT) • Risk, Governance, & Oversight
KWAP’s foundation to be future ready • Investment (INV) (RGO)
and grow sustainably, underpinned by • Contribution & Retirement • People & Culture (PLC)
eight workstreams for the benefit of Services (CRT) • Digital (DGT)
KWAP’s stakeholders and the nation.

The key improvements targeted Goals
via TERAS 5 include enhancing the
current organisational structure
to move KWAP from a functional Achieve gross fund size of RM200 billion by 2025
operating model to a value chain Grow property assets to more than 30 from the existing 18
model. This allows for a more holistic
approach in realising KWAP’s growth Progress Highlights as at 31 December 2022
plan. TERAS 5 further enhances
KWAP’s governance and oversight
as well as cultivates an agile and 3 new Divisions 44% overall completion for TERAS 5’s
future-ready talent pool. activated under the OGS multi-year programme
sub-workstream: Finance
Aligned with the government’s Division, Digital Division, and
aspirations to optimise the strengths Strategy & Services Division. Welcomed KWAP’s first Chief Financial
of Government-linked investment Officer and Chief Digital Officer
companies (GLICs), TERAS 5 was
officially launched on 3 August 2022 Key Frameworks and Models approved: Customer Experience
by the former Minister of Finance. Framework, Corporate Governance Framework, Realignment of
Management Committees & Working Groups