Azman Hashim

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Yang Berbahagia Tan Sri
Azman Hashim
PSM SSTM DPMS JMN KMN
Born (1939-07-17) 17 July 1939 (age 85)
Kampung Baru, Kuala Lumpur, British Malaya (now Malaysia)
Occupation(s)Businessman
Accountant
Known forFounder and former chairman of AmBank
Spouse
Tunku Arishah Tunku Maamor
​
​
(m. 1963)​
Children5, including Mizz Nina

Tan Sri Azman bin Hashim (born 17 July 1939) [1] is a Malaysian businessman and investor who is one of the richest people in Malaysia. His net worth was estimated by Forbes to be US$660 million in 2024. [2]

Contents

Early life

Azman bin Hashim was born on 17 July 1939 in Kuala Lumpur into a family of 13 siblings [3] [4] and spent his childhood in Kampung Baru.[ citation needed ] His mother, Zabedah Shahid, [5] was a schoolteacher who later became headmistress of the Kampung Baru Girls' School, and his father was a technician. [6] Azman's grandmother was from Imabari, Ehime, Japan. [7] He attended the Malay Boys' School in Setapak and the Methodist Boys' School in Sentul. [1] In 1954, at age 15, he sat for the Senior Cambridge Examination and obtained First Class marks. [3] [6] He became a Chartered Accountant and Chartered Secretary before the age of 21. [4]

Career

Azman's career began in Perth, where he worked at Chartered Accountants Messrs O.L. Haines & Co from 1955 to 1960 on a Colombo Plan scholarship. [4] [3] [6] Upon his return to Malaysia in 1960, he spent four years at Bank Negara Malaysia before leaving to start his own chartered accountancy firm, Azman & Co., which later became Azman Wang Salleh & Co. [3] [4] He became a fellow of the Institute of Chartered Accountants Australia and the Institute of Chartered Secretaries and Administrators in 1960, [4] and later the Institute of Bankers, Malaysia, the Institute of Directors, Malaysia and the Malaysian Institute of Management. [4] [3] He joined Maybank in 1966 as its non-executive director, then served as executive director from 1971 to 1980. [8] [3] [6] He was Executive Chairman of Kwong Yik Bank Berhad from 1980 and 1982. [3]

Azman purchased the AmBank Group (AMMB), then called the Arab-Malaysian Merchant Bank, in 1982. [6] [9] [10] He oversaw the company during the Malaysian economic crisis in 1980; the 1997 Asian financial crisis, during which the bank was nearly folded into Affin Bank in an effort by the government to consolidate banks; and the 2008 global financial crisis. [8] [11] [12] In 2017, he began to transition out of his roles of Chairman and Director in six companies within AmBank Group: AmBank, AmInvestment Bank, AmMetLife Takaful, AmBank Islamic, AmMetLife Insurance, and AmGeneral Insurance. [13] He was Chairman of AmBank Group from 1991 to 2019. [3] [14] [6] [15] After fully retiring from AMMB in 2022, he remained in his role of Chairman for the Asian Institute of Chartered Bankers, [9] [16] [11] Asian Banking School, Financial Industry Collective Outreach, Malaysia South-South Corp, Malaysia-Japan Economic Association, Perdana Leadership Foundation, Malaysia South-South Association, and University of Technology Malaysia's Business School Advisory Council, and as Chairman Emeritus of the Pacific Basin Economic Council. [16] [11] He also continued to serve as Chairman Emeritus and honorary advisor on AmBank's board. [12]

Over the course of his career, he has held roles as Chairman of the Asian Institute of Finance's board of directors, [17] Japan-Malaysia Economic Association (MAJECA), [18] Malaysian Investment Banking Association, National Productivity Corporation, and Institute of Bankers Malaysia. He has also served as president of the Malaysia South-South Corporation, Malaysia-Japan Economic Association, and Friends of Prisons Association. In 2015, he was an existing member of the National Economic Consultative Council II, APEC Business Advisory Council, Malaysia-British Business Council, and the International Centre for Education in Islamic Finance. [4] He is also Pro Chancellor of Open University Malaysia. [19]

Awards and honours

Awards given to Azman throughout his career include: Asia's Banker of the Year ( FinanceAsia , 1985); [3] [20] ASEAN Businessman of the Year (ASEAN Business Forum, 1993); Manager of the Year (Harvard Business School Alumni Club of Malaysia, 1995); Grand Entrepreneurial Award (Kuala Lumpur Malay Chamber of Commerce, 1996); Menteri Besar Grand Entrepreneurial Award (Selangor Chamber of Commerce, 1997); Academy Values for Life Excellence for his humanitarian contributions (2004); [3] [1] and the Lifetime Achievement Award (Islamic Business and Finance Awards, 2009). [21] [3]

The Ace Convention Centre in Kuala Lumpur and University of Technology Malaysia (UTM) both have auditoriums named after him. [22] [23] In 2018, after two years of RM5 million in donations to the school's endowment fund, UTM officially named its banking school the Azman Hashim International Business School. [24] UTM's campus also has a Azman Hashim Stadium. [25] In 2019, the Open University Malaysia established the Azman Hashim Chair in E-Learning. [26] In 2020, he donated a Japanese garden, Miyakubo Hashim (橋夢) Park, to Imabari, Ehime, Japan, where his grandmother was born. [7] In 2023, a RM13.9 million sports facility, the Azman Hashim Community Sports Centre, opened in Sibu Jaya. [27]

YearAwardGranting bodyNotesRef
1972Officer of the Order of the Defender of the Realm (KMN) King of Malaysia MY Darjah Yang Mulia Pangkuan Negara - Officer (K.M.N.).svg [20]
1980Knight Commander of the Order of the Crown of Selangor (DPMS) Sultan of Selangor MY-SEL Order of the Crown of Selangor - Knight Commander - DPMS.svg Title (Dato' Sri) issued [28] [20]
1984Companion of the Order of the Defender of the Realm (JMN) King of Malaysia MY Darjah Yang Mulia Pangkuan Negara (Defender of the Realm) - SMN.svg [20]
1985Honorary doctorate in philosophy Universiti Utara Malaysia [29]
1988Commander of the Order of Loyalty to the Crown of Malaysia (PSM) King of Malaysia Order of Loyalty to the Crown of Malaysia - PSM.svg Title (Tan Sri) issued [20]
2004Honorary degree in business administration National University of Malaysia [29]
2008Honorary Officer of the Order of Australia Governor-General of Australia [30]
2010Grand Knight of the Order of Loyalty to Tuanku Muhriz (SSTM) Yang di-Pertuan Besar of Negeri Sembilan MY-NEG Order of Loyalty to Tuanku Muhriz - SSTM.svg Title (Dato' Seri) issued [31]
2013Honorary doctorate in management University of Malaya [29]
Honorary doctorate in philosophy in finance International Islamic University Malaysia [29]
2016Honorary doctorate in management Universiti Sains Malaysia [29]
2017Honorary doctorate in management leadership University of Technology Malaysia [29]

Personal life

Azman married Tunku Arishah Tunku Maamor on 3 March 1963 and has two sons and three daughters. One of his daughters, Shazrina, is a fashion designer and former vocalist. [6] [32] His son Shahman was made chairman of RCE Capital in 2022 and his daughter Shalina is Chairman at Amcorp Properties. [33] Azman is involved in the charitable organizations Malaysian Liver Foundation, Better Malaysia Foundation, and AmGroup Foundation. [4]

His official biography, The Entrepreneurship Banker by Datuk Dr Paddy Bowie, was released in 2015. [34]

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References

  1. 1 2 3 "A Historical Narrative on a Kuala Lumpur Personage". National Archives of Malaysia. 9 February 2000. Archived from the original on 14 December 2018. Retrieved 2 October 2018.
  2. ↑ Naazneen Karmali; Jane Ho, eds. (15 April 2024). "Malaysia's 50 Richest". Forbes. Retrieved 26 January 2025.
  3. 1 2 3 4 5 6 7 8 9 10 11 "AmBank Group chairman Tan Sri Dato' Azman Hashim to give public lecture at Curtin Sarawak". Curtin University. 27 July 2018. Retrieved 26 January 2025.
  4. 1 2 3 4 5 6 7 8 "Azman Hashim". Marcopolis. 3 January 2015. Retrieved 25 January 2025.
  5. ↑ Parveen Gill (31 March 2007). "Azman's mum dies at 89". The Star. Retrieved 26 January 2025.
  6. 1 2 3 4 5 6 7 A Jalil Hamid; Zuraimi Abdullah (2 February 2017). "Azman Hashim: Top 4 plan on track, no more surprises at AmBank". New Strait Times. Retrieved 26 January 2025.
  7. 1 2 "Ambassador Oka's attendance at the ceremony for Tan Sri Azman Hashim's donation to a Japanese city". Embassy of Japan in Malaysia. 10 August 2020. Retrieved 25 January 2025.
  8. 1 2 Adeline Paul Raj; Joyce Goh (9 January 2015). "Cover Story: Is Azman ready to exit?". The Edge Malaysia. Retrieved 26 January 2025.
  9. 1 2 Izzul Ikram (7 March 2024). "Azman Hashim lauds AG for 'independent, transparent' 2022 audit report". The Edge Malaysia. Retrieved 25 January 2025.
  10. ↑ Adeline Paul Raj. "Cover Story: Analysts not ruling out possibility of M&A at AmBank". The Edge Malaysia. Retrieved 25 January 2025.
  11. 1 2 3 Farah Adilla (27 January 2022). "Tan Sri Azman Hashim to retire as Ambank chairman end-March this year". Business Times. Retrieved 26 January 2025.
  12. 1 2 "AmBank Group: Azman Hashim to retire as chairman effective March 31". Malay Mail. 27 January 2022. Retrieved 25 January 2025.
  13. ↑ "Azman Hashim to retire from six entities within AMMB group". New Strait Times. 25 January 2017. Retrieved 26 January 2025.
  14. ↑ "AmBank appoints new chairman". Business Times. 31 December 2018. Retrieved 26 January 2025.
  15. ↑ "Tan Sri Dato' Azman Hashim". Prestige. Retrieved 25 January 2025.
  16. 1 2 Tan Siew Mung (27 January 2022). "Azman Hashim to retire as AmBank chairman, take on new role of chairman emeritus/honorary adviser". The Edge Malaysia. Retrieved 25 January 2025.
  17. ↑ "Our People". Asian Institute of Finance. 21 March 2022. Archived from the original on 12 March 2015.
  18. ↑ "Conferment Ceremony of the Order of the Rising Sun, Gold and Silver Star for Tan Sri Azman Hashim, Chairman of Malaysia-Japan Economic Association(MAJECA)". Embassy of Japan in Malaysia. 2 March 2022. Retrieved 25 January 2025.
  19. ↑ "A Session with the Pro Chancellor". Open University Malaysia. 28 February 2024. Retrieved 26 January 2025.
  20. 1 2 3 4 5 "Semakan Penerima Darjah Kebesaran, Bintang dan Pingat".
  21. ↑ "Azman Hashim wins awards". The Star. 31 December 2009. Archived from the original on 22 January 2011.
  22. ↑ "Azman Hashim Auditorium at Ace Convention Centre". VMO Rocks. Retrieved 26 January 2025.
  23. ↑ "Dewan Azman Hashim (With LED Screen)". Universiti Teknologi Malaysia. Retrieved 26 January 2025.
  24. ↑ "UTM names its international business school after banker, Azman Hashim". Malay Mail. 15 March 2018. Retrieved 25 January 2025.
  25. ↑ "Stadium Azman Hashim". Soccerway. Retrieved 26 January 2025.
  26. ↑ David Lim (2019). "The Chair in E-Learning as Intellectual Beacon". Open University Malaysia. Retrieved 26 January 2025.
  27. ↑ Andy Chua (25 July 2023). "New sports centre in Sibu as Sukma 2024 venue". The Star. Retrieved 25 January 2025.
  28. ↑ "DPMS 1980". Kerajaan Negeri Selangor. Archived from the original on 9 August 2022.
  29. 1 2 3 4 5 6 Wong Ee Lin (31 October 2017). "AmBank Group chairman Azman Hashim gets sixth honorary doctorate". The Edge Malaysia. Retrieved 26 January 2025.
  30. ↑ "Order of Australia" (PDF). Commonwealth of Australia. 10 July 2008. Retrieved 26 January 2025.
  31. ↑ "Five royals on honours list" (PDF). The Star. 14 January 2010. p. N16. Retrieved 26 January 2025– via UCSI University.
  32. ↑ "Cinta Mizz Nina". bharian.com.my (in Malay). Archived from the original on 25 June 2010.
  33. ↑ "Tan Sri Azman Hashim's son heads RCE Capital as Chairman". Sparrow Publishing House. 20 June 2022. Retrieved 26 January 2025.
  34. ↑ Seri Nor Nadiah Koris (18 November 2014). "AmBank head unveils biography". New Straits Time. Retrieved 26 January 2025.
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