Bank Pembangunan appoints Nazir Razak as new chairman

Updated 3 years ago · Published on 22 Apr 2021 9:14PM · 3 Comments

Bank Pembangunan Malaysia Bhd has appointed Nazir Razak as its new non-executive chairman effective immediately. – EPA pic, April 22, 2021.

BANK Pembangunan Malaysia Bhd (BPMB) has appointed Nazir Razak as its new non-executive chairman effective immediately, succeeding Zaiton Mohd Hassan, who retired in February after serving for two years.

In a statement today, BPMB said Nazir is the founding partner and chairman of Ikhlas Capital, an Asean private equity firm, and has extensive banking experience having served as CIMB Group Holdings Bhd’s chairman for four years and group chief executive officer (GCEO) for 15 years prior to that.

It said Nazir also served as the non-executive director of Khazanah Nasional Bhd for four years and was a member of the Employees’ Provident Fund investment panel for 15 years.

“I am delighted to welcome Nazir to BPMB. The breadth and depth of his banking and finance experience will be a significant asset to BPMB as we continue on our nation-building journey. I look forward to working with him,” president/GCEO Arshad Mohamed Ismail said.

Commenting on his appointment, Nazir said he is grateful to be given the opportunity to serve a government institution such as BPMB, a key development finance institution tasked to support companies and projects that promote socio-economic growth, and bring to bear his years of experience in the financial sector. – Bernama, April 22, 2021.

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Comments

  • Get someone else.. Are we forgetting what he did for Najib at CIMB?

    Posted 3 years ago by Bitcoin Mining · Reply

  • Crooks are slowly but surely, crawling back to the coporate world. Well done Mahiadin.

    Posted 3 years ago by . . · Reply

  • The connection here is a Tengku Zafrul... Cimb old boys club..

    Posted 3 years ago by Bitcoin Mining · Reply