Nazir Razak
Group Chief Executive and Managing Director
CIMB Group
Malaysia |
Dato’ Sri Nazir Razak, aged 44, is presently the Group Chief Executive/Managing Director of CIMB Group Holdings Berhad (“CIMB Group”). Nazir graduated from the University of Bristol with a BSc (Hons) and obtained an MPhil from the University of Cambridge. He joined CIMB’s corporate advisory department in 1989 and was appointed Chief Executive on 1 June 1999. Nazir spearheaded the Group’s transformation from a Malaysian investment bank to a regional universal bank via the acquisitions of G.K. Goh Securities and Bumiputra-Commerce Bank in 2005, Southern Bank in 2006, and Bank Lippo and BankThai in 2008.
CIMB Group is today Malaysia’s 2nd largest financial services group and 5th largest in Southeast Asia with total assets of about USD90 billion. CIMB Group, and its subsidiaries which include CIMB Niaga in Indonesia, CIMB Bank and CIMB-GK in Singapore, and CIMB Thai in Thailand, collectively cater to the universal banking needs of over 10 million customers. CIMB Group has the region’s largest retail network with over 37,000 staff and 1,100 branches across Southeast Asia, in addition to its offices in New York, London, Bahrain, Hong Kong, Shanghai, Brunei, Cambodia and Vietnam. Operating on a dual banking model, CIMB Group also offers Shariah-compliant financial solutions in investment banking, consumer banking, asset management and insurance via CIMB Islamic.
Under Nazir’s stewardship, CIMB Group has won many prestigious accolades. In 2010, CIMB Group was recognised by Euromoney as Best Bank (Malaysia) and Best Investment Bank (Malaysia), and by Asiamoney as Asia’s Best Islamic Bank. Most recently, CIMB Group won The Banker’s top investment bank award for Asia – the Most Innovative Investment Bank from Asia.
Nazir became the youngest recipient of FinanceAsia’s “Lifetime Achievement Award” in 2009, and was also named the “Best Executive in Malaysia” by Asiamoney in 2009 and 2010 as well as “Best CEO (Malaysia)” by FinanceAsia in 2011.
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