Nazir Razak is the Chairman of CIMB Group Holdings Berhad. He joined CIMB’s corporate advisory department in 1989 and served the bank in various capacities before being appointed Chief Executive in 1999. After 15 years as Chief Executive, Nazir became Chairman on 1 September 2014. He spearheaded the Group’s transformation from a Malaysian investment bank into a regional universal bank via several acquisitions throughout the region.
Today, CIMB is Malaysia’s second-largest financial services group and ASEAN’s fifth-largest by assets. Backed by a staff force of over 40,000, the Group has operations in 17 countries but positions itself as an ASEAN franchise.
Under Nazir’s stewardship, CIMB has won many awards, including best investment bank and best Islamic bank in Asia and best bank in Malaysia. Nazir himself has been recognised as Malaysia’s top executive/CEO on several occasions. He was the youngest recipient of FinanceAsia’s ‘Lifetime Achievement Award’ in 2009 and was awarded Euromoney’s ‘Outstanding Achievement Award’ in 2012. In 2015, he was honoured with the prestigious ‘Asian Business Leaders Award’ by Asia House for his overall contribution towards economic success, professional excellence, moral leadership and service to society.
Nazir is a Director of Khazanah Nasional Berhad and a member of the Investment Panel of the Employee Provident Fund (EPF) and the International Advisory Board of the Blavatnik School of Government at the University of Oxford. He is also the Chairman of the EPF’s Investment Panel Risk Committee. He is a founder of Endeavor Malaysia, a non-profit organisation that helps spur the development of entrepreneurs, and was instrumental in the formation of CIMB Foundation, the Group’s corporate responsibility arm.
Nazir graduated from the University of Bristol with a B.Sc. (Hons) and obtained an M.Phil. from the University of Cambridge. In 2009, he was the Chevening Fellow at the Oxford Centre for Islamic Studies.