Banking: Nazir Razak Retires As Bank Pembangunan Chairman
Nazir thanked the government for the opportunity to serve BPMB over the last two eventful years and said that he would now be able to dedicate more of his time to his ASEAN private equity investments
Tan Sri Nazir Razak retired from his position as non-executive chairman of Bank Pembangunan Malaysia Bhd (BPMB) upon the completion of his two-year tenure on 22nd April 2023.
During his time at BPMB, the bank completed the merger with Danajamin Bhd, significantly strengthened its management bench, improved operations and overall governance, resulting in a stronger and more integrated BPMB group.
Nazir thanked the government for the opportunity to serve BPMB over the last two eventful years and said that he would now be able to dedicate more of his time to his ASEAN private equity investments and new role as chairman of ASEAN Business Advisory Council Malaysia.
Malaysian Banking Executive
Nazir Abdul Razak is a Malaysian banking executive who served as Chairman of CIMB Group, one of the largest financial services providers in Malaysia and ASEAN. He served as CEO of the group from 1999 to 2014.
Nazir joined CIMB in 1989 and spent 29 years at the regional banking group. Under his leadership, CIMB’s assets grew from RM77 million in financial year 1999 to over RM534 billion in financial year 2018. He spearheaded CIMB’s transformation from a Malaysian investment bank to an ASEAN universal bank via a series of bank acquisitions across the region.