Asia Pacific, Banking, News

Malaysia’s Largest Banking Group Chairman Nazir Razak Goes on Leave

Malaysia’s Largest Banking Group Chairman Nazir Razak Goes on Leave

Chairman Nazir Razak of Malaysia’s CIMB Group Holdings goes on voluntarily leave of absence.  This was announced during the 59th annual general meeting.

The leave of absence is to facilitate an independent investigation into a $7 million transfer issue.

Source: CIMB Press Release

Related Reports: Wall Street JournalReuters

 

About Nazir Razak

Dato’ Sri Nazir Razak, aged 49, was appointed to the Board on 27 January 2006 as a Non-Independent Non-Executive Director and was then appointed as the Group Managing Director / Chief Executive Officer of CIMBGH on 7 November 2006. He resigned as the Group Managing Director / Chief Executive Officer of CIMBGH on 31 August 2014 and was re-designated and named Chairman / Non-Independent Non-Executive Director of CIMBGH on 1 September 2014 following the retirement of Tan Sri Md Nor Yusof as the Chairman / Non-Independent Non-Executive Director of CIMBGH on 31 August 2014. He is also the President Commissioner of PT Bank CIMB Niaga Tbk.

Visit: Profile

 

About CIMB Group

CIMB Group is a leading ASEAN universal bank, one of the largest Asian investment banks and one of the world’s largest Islamic banks.  We are headquartered in Kuala Lumpur, Malaysia and offer consumer banking, commercial banking, wholesale banking, Islamic banking and asset management products and services.  As the fifth largest banking group in ASEAN, we have over 40,000 staff in 17 locations across ASEAN, Asia and beyond.

Visit: CIMB Group


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