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Malaysia state investor 1MDB's CEO quits as US$3b IPO looms: sources

He is to be replaced by Arul Kandasamy of Abu Dhabi Commercial Bank, says Malaysian Insider

Kuala Lumpur

THE chief executive of debt-ridden Malaysian state investor 1 Malaysia Development Bhd (1MDB) has resigned less than two years after his appointment, three people aware of his departure said on Monday.

The departure of Mohd Hazem Abdul Rahman, appointed 1MDB's managing