Maharlika Fund names new chief investment, operating officer

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February 24, 2026 | 12:00am

MANILA, Philippines — Maharlika Investment Corp. (MIC), the manager of the country’s sovereign wealth, has tapped a global investment banker to lead the fund’s investment strategy, portfolio construction, asset allocation and risk management.

Kheed Nielsen Ng, who has extensive international experience in investment banking, private equity and public markets, with professional exposure across North America, Europe and Asia, has been named as MIC’s chief investment and operating officer (CIOO).

Over the course of his career, he has evaluated investments across a wide range of industries and oversaw the deployment of approximately $2 billion in capital.

Prior to joining MIC, Ng held senior investment roles at Canada Pension Plan Investments and Morningside Capital, where he led sourcing and execution efforts, served as a board observer, and worked closely with portfolio company management teams on value creation.

Since joining MIC as vice president of the Investment Management Group, he has provided strategic leadership and demonstrated the technical rigor expected of the CIOO.

As CIOO, Ng will serve as the fund’s principal technical authority on investment strategy and portfolio management, as well as a key adviser to the board and the president and CEO.

“With a proven track record of managing and scaling wealth on a global stage, Mr. Ng possesses the strategic foresight and technical depth essential to driving MIC’s investment mandate forward,” MIC president and CEO Rafael Consing Jr. said.

“As MIC increases its investment activity, ensuring clear leadership, accountability and authority within the investment function is critical to delivering on the MIC’s mandate and meeting stakeholder expectations,” Consing said.

In 2024, MIC reported a net income of P2.68 billion, just a year after its creation in 2023.