Khairun Zainal Mokhtar, a Malaysian aged 45, was appointed to the Board of Tricubes as Chief Executive Officer on 25 August 2004. He was granted a Malaysian Government Scholarship and obtained his BSc in Electrical Engineering from the University of Pacific-Stockton, California and he is the founder of Tricubes.
Khairun has more than 20 years experience primarily in Information Technology. He began his career in 1988 with NCR (Malaysia) Sdn Bhd as a Sales Representative in the banking and financial sector. On leaving NCR in 1993, Khairun set up the representative office for Kapiti, providing banking software on the IBM AS/400 platform. Subsequently, he served as the Business Development Manager for Renong Solutions before returning to re-joined NCR in 1996 to assume the position of the Sales Director of the Financial Services Division. In 1997, at the age of 33, he became NCR’s Malaysia youngest ever country Managing Director.
He played a key role in the setting up of NCR’s joint venture in Malaysia, TricubesNCR JV Sdn Bhd, and eventually bought over the local shareholding of the JV and was appointed as Tricubes Chief Executive Officer.
CIMB Group Holdings Bhd's group chief executive said the group's 15% stake in Tricubes Bhd was an investment was made on behalf of a client and the group neither has board representation nor management control.
Datuk Seri Nazir Razak said on Friday, April 22 that he was made aware of some reports on the internet about CIMB's investment in Tricubes.
“I subsequently checked and found that the investment does exist, which was in 2001 and at 15%,” he told reporters after the banking group's annual general meeting. “But we are not involved in the management nor do we have board representation.
“This investment was done in 2001 by the CIMB private equity manager on behalf of a client,” he said.
“Any suggestion that we are somewhat involved in the business is totally malicious,” he said, adding that CIMB's investment in Tricubes was by virtue of investing in the client's money and it is a private equity business.
Nazir added that CIMB had invested over the years in 100 over companies via the private equity business and “this investment was made on behalf of a client”.