Nazir Razak

Last updated

Yang Berbahagia Tan Sri Dato’ Sri

Nazir Razak

PSM SSAP DPMS SIMP
Nazir Razak at the Davos 2017.jpg
Nazir in 2017
Born
Mohamed Nazir bin Abdul Razak

(1965-11-19) 19 November 1965 (age 58) [1]
Kuala Lumpur, Malaysia [1]
NationalityMalaysian
Education University of Bristol (BSc)
University of Cambridge (MPhil)
Occupation Banker
Children2
Parent(s) Abdul Razak Hussein
Rahah Noah
Relatives Najib Razak (brother)
Hussein Onn (uncle)
Suhailah Noah (aunt)
Mohamed Noah Omar (grandfather)
Abdul Aziz Taha (former father-in-law)
Nazifuddin Najib (nephew)
Onn Hafiz Ghazi (nephew; first cousin once removed)
Nizar Najib (nephew)

Tan Sri Mohamed Nazir bin Tun Abdul Razak (born 19 November 1965) is a Malaysian banking executive. He was chairman of CIMB Group, which is one of the largest financial services providers in Malaysia and ASEAN. He was CEO of the group from 1999 to 2014. Nazir is the youngest son of the second Prime Minister of Malaysia Abdul Razak Hussein and brother of the sixth Prime Minister, Najib Razak. [2]

Contents

Early life and education

Nazir was born in 1965 in Kuala Lumpur. His father died when he was 10 years and two months old (as he was turning 11 in the same year). He attended St. John's Institution and Alice Smith School and continued his secondary education at Oundle School in the United Kingdom from age 13. [1] [3] He obtained his Bachelor of Science in Economics and Politics from the University of Bristol and went on to obtain a Master of Philosophy in Development Economics from Pembroke College, the University of Cambridge. [4] In 2009, he was the Chevening Fellow at the Oxford Centre for Islamic Studies. [5] He is of Bugis descent. [6]

Career

After returning from the United Kingdom, Nazir joined the corporate advisory department of Commerce International Merchant Bankers Berhad in 1989. He rose to become managing director and Chief executive of the bank, which by then was known as CIMB, in 1999. [4] His tenure as CEO ended in 2014 after he resigned and took over as chairman until 2018. [7]

During his tenure as the CEO, Nazir spearheaded CIMB Group's transformation from a boutique Malaysian investment bank to Malaysia's second-largest financial services group, the fifth largest universal bank in ASEAN, the largest Asia Pacific-based investment bank, and one of the world's largest Islamic banks. [8]

In April 2016, Nazir took a one-month voluntary leave of absence from CIMB, while an independent review was being conducted into a $7 million transfer into his personal account from his brother, Najib, as part of the wider 1Malaysia Development Berhad scandal. [9] After the completion of the review by CIMB Group, Razak was cleared of any wrongdoing and resumed his role as CIMB Group chairman and as a CIMB Bank director. [10]

In addition to his role as the Chairman of CIMB, Nazir was also appointed as a Director of Khazanah Nasional Berhad (2014-2018) [11] a member of the Investment Panel of the Employees Provident Fund (EPF) (2002-2017) and the Chairman of the EPF's Investment Panel Risk Committee. [12]

Nazir has been a member of the International Advisory Board at the Blavatnik School of Government, University of Oxford since 2015. [13] In October 2016, Nazir was appointed as the inaugural chair of World Economic Forum's ASEAN Regional Business Council, which aims to champion initiatives that call for trust and co-operation between the public and private sectors in the region. [14]

Awards and accolades

During his tenure as Group managing director/chief executive officer of CIMB, Nazir 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 also awarded Euromoney's 2012 ‘Outstanding Achievement Award’ in recognition of this outstanding contribution to the Asian Financial Markets. [15]

In October 2015, Nazir Razak was honoured with Asia House Asian Business Leaders Award by Asia House for having "underlined the benefits of cooperation and partnership across Asean through his support of learning, independent research and charitable works, as well as in his ambitious business strategy, demonstrating how a commercially successful Asean-wide initiative can bring people together for the common good." [16]

Personal life

Nazir was married to Azlina Aziz, who is the daughter of Abdul Aziz Taha, a former governor of Bank Negara Malaysia, until 2023. [17] The couple have two children, Arman and Marissa. [18]

On 17 November 2023, Nazir married Yati Zainuddin, a businesswoman. They first met when they were both studying in the UK. [19]

Filmography

Television series

YearTitleRoleTV channelNotes
2022One Cent ThiefPedestrian / Bro Astro Ria Cameo appearance

Honours

Honours of Malaysia

Related Research Articles

<span class="mw-page-title-main">Abdul Razak Hussein</span> Prime Minister of Malaysia from 1970 to 1976

Tun Haji Abdul Razak bin Dato' Hussein was a Malaysian lawyer and politician who served as the second prime minister of Malaysia from 1970 until his death in 1976. He also served as the first deputy prime minister of Malaysia from 1957 to 1970. He is referred to as the Father of Development.

<span class="mw-page-title-main">Tengku Razaleigh Hamzah</span> Malaysian politician

Tan Sri Tengku Razaleigh bin Tengku Mohd Hamzah is a Malaysian politician who served as the Member of Parliament (MP) for Gua Musang from August 1986 to November 2022 and for Ulu Kelantan from August 1974 to August 1986. He is the longest-serving MP to date, serving from 1974 to 2022, for 48 years in a row. He is sometimes referred to as the Father of Malaysian Economic Development for playing a pivotal role in establishing and implementing key foundations and policies in Malaysian economy. A descendant of Malay royalty, he is a great-uncle of the current Sultan of Kelantan, Sultan Muhammad V.

<span class="mw-page-title-main">Lim Goh Tong</span> Malaysian Chinese businessman and entrepreneur

Lim Goh Tong was a prominent wealthy Malaysian Chinese businessman & entrepreneur. He was renowned for transforming Genting Highlands from an unexplored hilltop into one of the world's most successful casino resorts. He was once the richest man in Malaysia with a net worth of US$4.2billion

<i>The Edge</i> (Malaysia) Business newspaper in Malaysia

TheEdge Media Group is the publisher of business and financial publications in Malaysia and Singapore, with headquarters in Petaling Jaya, Selangor, Malaysia. It is divided into four subsidiaries: The Edge Communications Sdn Bhd, publisher of The Edge Malaysia – a Business and investment weekly publication launched in 1994 available in both print and digital formats and The Edge CEO Morning Brief – a digital business and political news publication available every Tuesday-Friday morning, The Edge Publishing Pte Ltd, publisher of The Edge Singapore – a local newspaper with in-depth and analytical coverage on business and investments within Singapore and across the region, The Edge Property Sdn Bhd and The Edge Property Pte Ltd.

Tan Sri Nor Mohamed bin Yakcop is a Malaysian politician who served as Minister in the Prime Minister's Department, in charge of Economic Planning Unit from 2009 to 2013. He had previously served as Minister of Finance II from 2004 to 2009. He is a member of the Executive Committee of the National Economic Advisory Council.

Tan Sri Azman bin Hashim, is a Malaysian investor who is one of the richest people in Malaysia and his net worth was estimated by Forbes to be US$600 million in 2006.

<span class="mw-page-title-main">CIMB</span> Malaysian Universal Bank

CIMB Group Holdings Berhad is a Malaysian universal bank headquartered in Kuala Lumpur and operating in high growth economies in ASEAN. CIMB Group is an indigenous ASEAN investment bank. CIMB has a wide retail branch network with 1,080 branches across the region.

<span class="mw-page-title-main">Tengku Zafrul Aziz</span> Malaysian politician and investor

Tengku Zafrul bin Tengku Abdul Aziz is a Malaysian politician, banker and investor who has served as the Minister of Investment, Trade and Industry in the Unity Government administration under Prime Minister Anwar Ibrahim since April 2023. He is a member of the United Malays National Organisation (UMNO), a component party of the BN coalition. He is currently a Member of the UMNO Supreme Council since March 2023.

Tan Sri Datuk Seri Panglima Abdul Gani bin Patail is a Malaysian prosecutor. He was the Attorney General of Malaysia from 2002 to 2015, the first from Sabah to hold the position.

Mohd Sidek bin Hassan is a Malaysian former civil servant, who served in the Administrative and Diplomatic Service of the Malaysian Civil Service from 1974 to 2012, with the last six years as the Chief Secretary to the Government of Malaysia. Upon his retirement as Chief Secretary to the Government, he was appointed as the Chairman of Petroliam Nasional Berhad (PETRONAS), the national oil and gas corporation of Malaysia, a position he served from July 2012 to June 2018.

Tan Sri Dato' Sri (Dr.) Mohamad Norza Zakaria is a Malaysian chartered accountant and a fellow of CPA Australia. He is currently the President of Olympic Council of Malaysia (OCM) and also holds the post of President of Commonwealth Games Association of Malaysia.

<span class="mw-page-title-main">Abdul Wahid Omar</span> Malaysian banker and investor

Abdul Wahid bin Omar is a Malaysian banker and investor who has served as Chairman of the Bursa Malaysia since May 2020 and Chairman of the National University of Malaysia (UKM), one of Malaysia top universities, since November 2018.

Lim Kang Hoo is a Malaysian businessman and investor. He is the founder, chairman and chief executive of Iskandar Waterfront Holdings and Ekovest Berhad. Both corporations manage infrastructure construction projects, as well as mega property development. Tan Sri Lim is also linked to other public listed companies in directorial roles; PLS plantations, holding 40,000 acres in palm oil plantations and Knusford Berhad and Tebrau Teguh Berhad.

<span class="mw-page-title-main">Khalid Abu Bakar</span> Malaysian police officer

Khalid bin Abu Bakar is a retired Malaysian police officer who served as the 10th Inspector-General of Police of Malaysia (IGP), succeeding Ismail Omar. He retired as IGP on 4 September 2017 and was succeeded by Mohamad Fuzi Harun. A day after he retired from the police, Khalid was appointed chairman of Prasarana Malaysia by the Prime Minister of Malaysia, Najib Razak.

<span class="mw-page-title-main">Subahan Kamal</span> Malaysian Businessman

Dato' Sri Subahan bin Kamal is a Malaysian businessman, sports executive and former politician. He has held numerous board and senior management roles at Malaysian-based companies. Kamal currently holds board positions at two Bursa Malaysia-listed companies. He serves as Chairman at Can-One Berhad, and is Independent Non-Executive Chairman at Alcom Group. He also serves as Executive Director of ACE Market-listed Gagasan Nadi Cergas Berhad. Kamal presently serves as Executive Chairman of FBE Ventures, an F&B company based in Kuala Lumpur, Malaysia. He also previously served as a member of the United Malays National Organisation (UMNO) party.

<span class="mw-page-title-main">Ahmad Fuzi Abdul Razak</span> Yang di-Pertua Negeri of Penang

Ahmad Fuzi bin Abdul Razak is a Malaysian diplomat who has served as the 8th Yang di-Pertua Negeri of Penang since 1 May 2021.

Mohamed Shafee bin Mohamed Abdullah is a Malaysian lawyer.

<span class="mw-page-title-main">Syed Zainol Anwar Jamalullail</span> Tengku Syarif Panglima of Perlis

Syed Zainol Anwar ibni Syed Putra Jamalullail, better known as Syed Anwar Jamalullail is a Malaysian corporate figure and member of Perlis royal family. He is the younger brother of the current Raja of Perlis, Tuanku Syed Sirajuddin.

Ahmad Zulqarnain Onn is a corporate figure with extensive experience, having held several key positions in institutions such as Danajamin Nasional Berhad as chief executive officer, and Khazanah Nasional Berhad as Deputy Managing Director, President and Group Chief Executive Officer of Permodalan Nasional Berhad before being appointed as the chief executive officer of the Kumpulan Wang Simpanan Pekerja effective 19 February 2024.

References

  1. 1 2 3 "Nazir Razak: Diversity is our strength". The Nut Graph. 24 January 2011. Retrieved 16 October 2015.
  2. ↑ C.S. Tan (6 December 2008). "The band of brothers". The Star Online. Retrieved 17 February 2013.
  3. ↑ Davies, Paul (2 July 2012). "When toil is as strong as family ties". Financial Times. Retrieved 29 July 2016.
  4. 1 2 "Dato' Sri Nazir Razak". CIMB.com. Retrieved 7 June 2011.
  5. ↑ "Dean's Forum with Dato' Sri Nazir Razak".
  6. ↑ "Nazir Razak: Diversity is our strength". 24 January 2011.
  7. ↑ "CIMB shares down after Nazir Razak resigns as CEO". The Star . 4 July 2014. Retrieved 19 August 2015.
  8. ↑ "Nazir Razak wins Asia House Business Leaders Award | Asia House". asiahouse.org. Archived from the original on 27 February 2015.
  9. ↑ "Turning the screw | The Economist". The Economist .
  10. ↑ Middleton, Rachel (20 May 2016). "Malaysia 1MDB scandal: Prime minister's brother Nazir Razak cleared of wrongdoing by CIMB bank". International Business Times. Retrieved 29 July 2016.
  11. ↑ "Board of Directors | Khazanah Nasional Berhad |".
  12. ↑ "KWSP - Panel Pelaburan - KWSP". www.kwsp.gov.my. Archived from the original on 11 February 2017.
  13. ↑ "Dato' Sri Nazir Razak | Blavatnik School of Government". University of Oxford. Retrieved 22 December 2015.
  14. ↑ "World Economic Forum Launches ASEAN Regional Business Council Supported by 55 Major Companies".
  15. ↑ "Dato' Sri Nazir Razak". www.cimb.com. Archived from the original on 11 February 2017.
  16. ↑ "Nazir Razak honoured with prestigious award". Free Malaysia Today. 15 October 2015. Retrieved 16 October 2015.
  17. ↑ "About Me | Nazir Razak". www.nazirrazak.my. Retrieved 12 September 2023.
  18. ↑ "BIODATA OF DATO' SRI MOHAMED NAZIR ABDUL RAZAK". Wawasan Open University. Retrieved 16 October 2015.
  19. ↑ Umavathi Ramayah (17 November 2023). "Nazir Razak selamat bernikah dengan Yati Zainuddin". Astro Awani . Retrieved 27 December 2023.
  20. ↑ "Former Chief Justice and ex-FELDA chairman head King's birthday honours list". The Edge Markets. 13 November 2021. Archived from the original on 13 November 2021. Retrieved 13 November 2021.
  21. 1 2 "SEMAKAN PENERIMA DARJAH KEBESARAN, BINTANG DAN PINGAT". Prime Minister's Department (Malaysia). Archived from the original on 12 December 2019. Retrieved 20 July 2021.
  22. ↑ "DPMS 2015". awards.selangor.gov.my. Retrieved 20 July 2021.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.