Nazir becomes the youngest recipient of the award
“It’s extraordinary of us to be recognising someone at a very young age of 42 for his lifetime achievement, but that is the true reflection of the success and leadership Dato’ Sri has demonstrated over the years,” said Lara Wozniak, Editor of FinanceAsia.
“Chosen by our own editorial team, this Lifetime Achievement Award befittingly recognises Dato’ Sri Nazir’s outstanding contributions to the banking and finance sector in Asia. Aside from propelling CIMB Group to new heights, he has also consistently and continuously demonstrated outstanding thought leadership that has helped shape banking and finance in Asia,” said Mr. Jonathan Hirst, publisher of FinanceAsia.
In his acceptance speech Nazir dedicated the award to his wife Datin Sri Azlina Aziz, his lifetime partner who has been his “constant source of strength and impartial advice” throughout his 20 year career. He especially acknowledged her role in ensuring that he stayed true to his conscience in business conduct and maintain personal humility.
Nazir, aged 42, joined CIMB in September 1989 as an entry-level executive and worked up the ranks of the organisation until he was appointed CEO in June 1999. Under his stewardship, CIMB transformed itself from a leading Malaysian merchant bank into a Southeast Asian universal bank with assets of over RM220 billion (USD78 billion) and a market capitalisation of about RM36 billion (USD10 billion). Today, CIMB is the region’s largest indigenous investment bank, has the largest retail banking network across Malaysia, Indonesia, Singapore and Thailand with 1,150 branches and is also the world’s leading Islamic investment bank. CIMB Group’s achievements have been well recognised, having won multiple prestigious accolades and a host of regional and domestic awards primarily for investment banking, treasury, Islamic banking and fund management.
Nazir was the winner of the “Malaysia’s CEO of the Year Award” in 2004 organised by Business Times and American Express Global Corporate Services. In 2005, he was named one of the “25 Stars of Asia” by Business Week and one of the World Economic Forum’s Young Global Leaders. In 2006, FinanceAsia named Nazir as one of Asia’s 50 most influential figures of the last decade (1996-2006). In Asiamoney’s 2006 poll amongst analysts and fund managers, Nazir was named Malaysia’s top executive. In 2008, Nazir was ranked 2nd in Institutional Investor’s survey for Asia’s Best CEO (Bank).
While the “Lifetime Achievement Award” was the key highlight for the night, CIMB Group also took home five additional “Country Awards for Achievement” at the event, namely:
1. Best Investment Bank
2. Best Bond House
3. Best Broker
4. Best Foreign Exchange Bank
5. Best Private Bank
In its third year, the FinanceAsia “Lifetime Achievement Award” had previously gone to Tan Sri Teh Hong Piow of Public Bank in Malaysia and Deepak Parekh of Housing Development Finance Corporation in India.
Kuala Lumpur: At last night’s FinanceAsia Country Awards dinner to celebrate the accomplishments of banks in 13 countries, its most prestigious “Lifetime Achievement Award” was awarded to Dato’ Sri Nazir Razak, Group Chief Executive of CIMB Group for his contribution to Asian banking and finance. The ceremony in Hong Kong was attended by over 500 bankers from across Asia.