Nazir Razak

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Yang Berbahagia Tan Sri Dato' Sri
Nazir Razak
PSM SSAP SIMP DPMS
Nazir Razak at the Davos 2017.jpg
Nazir in 2017
Born
Mohamed Nazir bin Abdul Razak

(1966-11-19) 19 November 1966 (age 57) [1]
Kuala Lumpur, Malaysia [1]
NationalityMalaysian
Education University of Bristol (BSc)
University of Cambridge (MPhil)
Occupation Banker
Spouse(s)
Azlina Aziz
​
​
(m. 1992;div. 2023)​

Yati Zainuddin
​
(m. 2023)​
Children2
Parent(s) Abdul Razak Hussein
Rahah Noah
Relatives Najib Razak (brother)
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)

Mohamed Nazir bin Abdul Razak (born 19 November 1966) 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 1966 in Kuala Lumpur. His father died when he was 9 years and two months old (as he was turning 10 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

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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.
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