Nazir Razak

{{short description|Malaysian banking executive (born 1966)}}

{{EngvarB|date=February 2018}}

{{Use dmy dates|date=February 2018}}

{{Malay name|Mohamed Nazir|Abdul Razak|note=on}}

{{Infobox person

| honorific_prefix = Yang Berbahagia Tan Sri Dato' Sri

| honorific_suffix = {{post-nominals|country=MYS|size=100%|PSM|SSAP|SIMP|DPMS}}

| image = Nazir Razak at the Davos 2017.jpg

| caption = Nazir in 2017

| name = Nazir Razak

| other_names =

| nationality = Malaysian

| relations = 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)

| spouse = {{marriage|Azlina Aziz|1992|2023|end=divorced}}
{{marriage|Yati Zainuddin|2023}}

| parents = Abdul Razak Hussein
Rahah Noah

| children = 2

| education = University of Bristol (BSc)
University of Cambridge (MPhil)

| birth_name = Mohamed Nazir bin Abdul Razak

| birth_date = {{birth date and age|1966|11|19|df=y}}{{cite web |title=Nazir Razak: Diversity is our strength|date=24 January 2011 |url=http://www.thenutgraph.com/nazir-razak-diversity-is-our-strength/ |publisher=The Nut Graph |access-date=16 October 2015}}

| birth_place = Kuala Lumpur, Malaysia

| occupation = Banker

}}

Mohamed Nazir bin Abdul Razak (born 19 November 1966) is a Malaysian banking executive. He was chairman of CIMB Group, 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.{{cite web |title=The band of brothers|url=https://www.thestar.com.my/business/business-news/2008/12/06/the-band-of-brothers|author=C.S. Tan|work=The Star Online|date=6 December 2008|access-date=17 February 2013}}

Early life and education

Nazir was born in 1966 in Kuala Lumpur. His father died when he was 9 years and two months 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.{{cite news|last1=Davies|first1=Paul|title=When toil is as strong as family ties|url=https://next.ft.com/content/ce42a9f4-bb98-11e1-90e4-00144feabdc0|access-date=29 July 2016|work=Financial Times|date=2 July 2012}} 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.{{cite web |title=Dato' Sri Nazir Razak |url=http://www.cimb.com/index.php?ch=g2_au&pg=g2_au_leader&ac=2&tpt=cimb_group&cat=bod |publisher=CIMB.com |access-date=7 June 2011}} In 2009, he was the Chevening Fellow at the Oxford Centre for Islamic Studies.{{Cite web|url=http://www.bsg.ox.ac.uk/events/deans-forum-dato-sri-nazir-razak|title=Dean's Forum with Dato' Sri Nazir Razak}} He is of Bugis descent.{{cite web|url=http://www.thenutgraph.com/nazir-razak-diversity-is-our-strength/|title=Nazir Razak: Diversity is our strength|date=24 January 2011 }}

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. His tenure as CEO ended in 2014 after he resigned and took over as chairman until 2018.{{cite news |title=CIMB shares down after Nazir Razak resigns as CEO |url=http://www.thestar.com.my/Business/Business-News/2014/07/04/CIMB-shares-falls-as-nazir-resigns-as-ceo/?style=biz |newspaper=The Star |date=4 July 2014 |access-date=19 August 2015}}

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.{{cite web |url=http://asiahouse.org/nazir-razak-receives-top-asia-house-award/ |title=Nazir Razak wins Asia House Business Leaders Award {{!}} Asia House |website=asiahouse.org |url-status=dead |archive-url=https://web.archive.org/web/20150227110242/http://asiahouse.org/nazir-razak-receives-top-asia-house-award/ |archive-date=2015-02-27}}

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.{{cite news| url = https://www.economist.com/news/finance-and-economics/21697270-investigators-focus-mystery-missing-billion-turning-screw| title = Turning the screw {{!}} The Economist| newspaper = The Economist}} 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.{{cite news|last1=Middleton|first1=Rachel|title=Malaysia 1MDB scandal: Prime minister's brother Nazir Razak cleared of wrongdoing by CIMB bank|url=http://www.ibtimes.co.uk/malaysia-1mdb-scandal-prime-ministers-brother-nazir-razak-cleared-wrongdoing-by-cimb-bank-1561018|access-date=29 July 2016|work=International Business Times|date=20 May 2016}}

In addition to his role as the Chairman of CIMB, Nazir was also appointed as a Director of Khazanah Nasional Berhad (2014-2018){{cite web | url=http://www.khazanah.com.my/About-Khazanah/Board-of-Directors#BODDatoSriNazirTunAbdulRazak | title=Board of Directors | Khazanah Nasional Berhad | }} 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.{{cite web |url=http://www.kwsp.gov.my/portal/about-epf/investment-panel |title=KWSP - Panel Pelaburan - KWSP |website=www.kwsp.gov.my |url-status=dead |archive-url=https://web.archive.org/web/20170211083650/http://www.kwsp.gov.my/portal/about-epf/investment-panel |archive-date=2017-02-11}}

Nazir has been a member of the International Advisory Board at the Blavatnik School of Government, University of Oxford since 2015.{{Cite web|title = Dato' Sri Nazir Razak {{!}} Blavatnik School of Government|url = http://www.bsg.ox.ac.uk/people/dato-sri-nazir-razak|publisher = University of Oxford|access-date = 22 December 2015}} 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.{{cite web | url=https://www.weforum.org/press/2016/10/world-economic-forum-launches-asean-regional-business-council-supported-by-55-major-companies/ | title=World Economic Forum Launches ASEAN Regional Business Council Supported by 55 Major Companies }}

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.{{cite web |url=https://www.cimb.com/en/agm2016/board-of-directors/dato-sri-nazir-razak.html |title=Dato' Sri Nazir Razak |website=www.cimb.com |url-status=dead |archive-url=https://web.archive.org/web/20170211080315/https://www.cimb.com/en/agm2016/board-of-directors/dato-sri-nazir-razak.html |archive-date=2017-02-11}}

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."{{cite news |title=Nazir Razak honoured with prestigious award|url=http://www.freemalaysiatoday.com/category/nation/2015/10/15/nazir-razak-honoured-with-prestigious-award/ |newspaper=Free Malaysia Today|date=15 October 2015 |access-date=16 October 2015}}

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.{{Cite web |title=About Me {{!}} Nazir Razak |url=https://www.nazirrazak.my/about |access-date=2023-09-12 |website=www.nazirrazak.my |language=en}} The couple have two children, Arman and Marissa.{{cite news |title=BIODATA OF DATO' SRI MOHAMED NAZIR ABDUL RAZAK|url=http://www.wou.edu.my/DATO_SRI_MOHAMED_NAZIR_ABDUL_RAZAK.html |publisher=Wawasan Open University|access-date=16 October 2015}}

On 17 November 2023, Nazir married Yati Zainuddin, a businesswoman. They first met when they were both studying in the UK.{{cite news|url=https://www.astroawani.com/berita-malaysia/nazir-razak-selamat-bernikah-dengan-yati-zainuddin-446380?|title=Nazir Razak selamat bernikah dengan Yati Zainuddin|author=Umavathi Ramayah|publisher=Astro Awani|date=17 November 2023|accessdate=27 December 2023}}

Filmography

=Television series=

class="wikitable"

! Year

! Title

! Role

! TV channel

! Notes

2022

| One Cent Thief

| Pedestrian / Bro

| Astro Ria

| Cameo appearance

Honours

=Honours of Malaysia=

  • {{Flag|Malaysia}} :
  • 50px Commander of the Order of Loyalty to the Crown of Malaysia (PSM) – Tan Sri (2021){{Cite web|date=13 November 2021|title=Former Chief Justice and ex-FELDA chairman head King's birthday honours list|url=http://www.theedgemarkets.com/article/former-felda-chairman-raja-muhammad-alias-receives-tun-title-heads-kings-birthday-honours|url-status=live|archive-url=https://web.archive.org/web/20211113025308/https://www.theedgemarkets.com/article/former-felda-chairman-raja-muhammad-alias-receives-tun-title-heads-kings-birthday-honours|archive-date=13 November 2021|access-date=13 November 2021|website=The Edge Markets}}
  • {{Flag|Pahang}} :
  • 50px Grand Knight of the Order of Sultan Ahmad Shah of Pahang (SSAP) – Dato' Sri (2007)
  • 50px Grand Knight of the Order of the Crown of Pahang (SIMP) – formerly Dato, now Dato' Indera' (2004){{cite web|title=SEMAKAN PENERIMA DARJAH KEBESARAN, BINTANG DAN PINGAT|url=http://www.istiadat.gov.my/index.php/component/semakanlantikanskp/|archive-url=https://web.archive.org/web/20191212223754/http://www.istiadat.gov.my/index.php/component/semakanlantikanskp/|archive-date=12 December 2019|access-date=20 July 2021|publisher=Prime Minister's Department (Malaysia)}}
  • {{Flag|Selangor}} :
  • 50px Knight Commander of the Order of the Crown of Selangor (DPMS) – Dato' (2015){{cite web|title=DPMS 2015|url=https://awards.selangor.gov.my/sublinkyear.php?cat=54&subcat=D.P.M.S.&offset=5|website=awards.selangor.gov.my|access-date=20 July 2021}}

References

{{reflist}}