Malaysian Politics: Nazir Razak, Former Chairman of the CIMB Group

Malaysian Prime Minister Muhyiddin Yassin took office earlier this month, following a parliamentary coup which saw the shock resignation of then-Prime Minister Mahathir Mohamad. These dramatic and fast-moving developments have raised fears of a return of prominent members of the 1MDB scandal-tainted UMNO government, whose ousting in 2018 was hailed as an advance for democracy in the region.

Amid concerns about the legitimacy of the new government, the continuity of the 1MDB probes, and a return to overtly pro-ethnic Malaysia policies and economic nationalism, Asia House will be joined by Dato’ Sri Mohamad Nazir Tun Abdul Razak, former Chairman of CIMB Group, Malaysia’s second biggest bank, for a private video briefing.

In this exclusive briefing for Asia House Corporate Members, Nazir, who is also a member of the Asia House Advisory Board, will speak via video link, and share his insights on the recent political turmoil in Malaysia and the economic malaise that the government is currently facing. Malaysia’s slowing economy, made worse by the global coronavirus pandemic, with numbers continuing to rise rapidly in the Southeast Asian state, will also be on the agenda. Malaysia now has the fourth-highest number of infections in Asia.

 Nazir Razak stepped down from his post as Chairman of CIMB at the end of 2018. He is the brother of former Prime Minister Najib Razak, and was appointed Chairman in 2014 after serving as chief executive for 15 years. During his leadership, Nazir spearheaded CIMB Group’s transformation from a boutique Malaysian investment bank to Malaysia’s second-largest financial services group, one of the largest investment banks in Asia and one of the largest Islamic banks in the world.

 This briefing is being held exclusively for Asia House Corporate Members.  For more information, please contact Edward Danks, Content Producer, at edward.danks@asiahouse.co.uk