Nova MSC Berhad announced retirement of Mr. Dali Kumar @ Dali Bin Sardar as independent and non-executive director. Date of change is 6 September 2023. Age: 64.

Qualifications: Masters, Business Administration, American Graduate School of International Management (Thunderbird), Glendale, Arizona, USA; Degree, Bachelor of Arts (Economics), Knox College, Galesburg, Illinois USA. Working experience and occupation: Mr. Dali was with Citibank/Citicorp (NY/KL) from 1982 to 1996. Prior to his departure, he was the Managing Director of Citicorp Capital Sdn Bhd, a venture capital subsidiary of Citicorp.

He left to become the CEO of Utama Merchant Bank Berhad. He left the position at the end of 1996 and set up DTA Capital Partners Sdn Bhd, a boutique corporate finance set-up. DTA now has two fully-owned subsidiaries managing two venture capital funds of Mavcap which is fully owned by the Ministry of Finance (MOF).

He also served several terms as Chairman on the Malaysian Venture Capital and Private Equity (MVCA) and Treasurer of Asia Pacific Venture Capital and Private Equity Association (APVCA). He currently serves as Independent Non-Executive Director of Affin Islamic Bank Berhad, Yapeim Holdings Sdn Bhd, UMP Services Sdn Bhd and PT Minamas Group (fully owned subsidiary of Sime Darby Plantations Bhd.). He was previously also an Independent Non-Executive Director for Maybank Islamic Bank Bhd, Chuan Huat Resources Bhd and of M Development Ltd. and Radiance Electronics Ltd. (both previously listed on Mainboard of SGX) as well as numerous private companies.