Nazir Razak

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This is a Malay name; the name Abdul Razak is a patronymic, not a family name, and the person should be referred to by the given name, Mohamed Nazir.
Dato' Seri
Nazir Razak
Born Mohd Nazir bin Abdul Razak
1966 (age 49–50)[1]
Kuala Lumpur[1]
Nationality Malaysian
Occupation Banker
Spouse(s) Dato' Azlina Aziz
Parent(s) Tun Abdul Razak
Rahah Noah

Dato' Seri Mohd Nazir bin Tun Abdul Razak (born 1966) is a Malaysian banking executive. He is Chairman of CIMB Group, which is one of the largest financial services providers in Malaysia. He served as CEO of the group from 1999 to 2014. Nazir is the youngest son of the second prime minister, Tun Abdul Razak, and a brother of the sixth and current prime minister, Datuk Seri Najib Razak.

Early life and education[edit]

Nazir Abdul Razak was born in 1966 in Kuala Lumpur. His father died when he was 10 years old. 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][2] 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 the University of Cambridge.[3] He is of Bugis descent.[4]

Career[edit]

After returning from the United Kingdom, Nazir joined the corporate advisory department of Commerce International Merchant Bankers Berhad. He rose to become Managing Director and Chief Executive of the bank, which by then was known as CIMB, in 1999.[3] His tenure as CEO ended in 2014 after he resigned and took over as Chairman.[5]

In April 2016 Razak 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.[6] 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.[7]

Nazir was named one of Asia’s 50 most influential figures of the last decade by FinanceAsia in 2006. He was also named the "Best Top Executive in Malaysia" by Asiamoney for two consecutive years, in 2009 and 2010.[3]

Personal life[edit]

Nazir is married to Dato' Azlina Aziz, who is the daughter of Tan Sri Aziz Taha, a former governor of Bank Negara Malaysia. The couple has two children.[8]

Awards & Accolades[edit]

In October 2015, Nazir Razak was honored with Asia House Asian Business Leaders Award by Asia House for "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.”[9]He is member of the International Advisory Board at the Blavatnik School of Government, University of Oxford.[10]

References[edit]

  1. ^ a b c "Nazir Razak: Diversity is our strength". The Nut Graph. Retrieved 2015-10-16. 
  2. ^ Davies, Paul (2 July 2012). "When toil is as strong as family ties". Financial Times. Retrieved 29 July 2016. 
  3. ^ a b c "Dato' Sri Nazir Razak". CIMB.com. Retrieved 2011-06-07. 
  4. ^ "Nazir Razak: Diversity is our strength". 
  5. ^ "CIMB shares down after Nazir Razak resigns as CEO". The Star. 2014-07-04. Retrieved 2015-08-19. 
  6. ^ http://www.economist.com/news/finance-and-economics/21697270-investigators-focus-mystery-missing-billion-turning-screw
  7. ^ 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. 
  8. ^ "BIODATA OF DATO' SRI MOHAMED NAZIR ABDUL RAZAK". Wawasan Open University. Retrieved 2015-10-16. 
  9. ^ "Nazir Razak honoured with prestigious award". Free Malaysia Today. 2015-10-15. Retrieved 2015-10-16. 
  10. ^ "Dato' Sri Nazir Razak | Blavatnik School of Government". www.bsg.ox.ac.uk. Retrieved 2015-12-22.