Malaysia’s sovereign wealth landscape is shifting. Khazanah Nasional remains the federal anchor, Sarawak has legislated its own fund with approval to invest globally, and Sabah has renewed plans for a state sovereign fund after years of discussion. What are the gold standards for governance, accountability and the importance of clear mandates ? We speak to Dr Elsa Satkunasingam, Director and Senior Lecturer at Iclif, Asia School of Business.