Nazir Razak

Mohamed Nazir bin Abdul Razak (born 19 November 1966) is a Malaysian banking executive who served as CEO of CIMB Group from 1999 to 2014 and as chairman from 2014 to 2018. He is the youngest son of Abdul Razak Hussein, Malaysia's Prime Minister from 1970 to 1976, and the brother of Najib Razak, who served as Prime Minister from 2009 to 2018.

Nazir was educated in Malaysia and the United Kingdom, attending Oundle School before studying economics at the University of Bristol and completing a Master of Philosophy in Development Economics and Politics at Cambridge. He was involved in student organisations, including MASSA, the Marshall Society, and the Cambridge Union.

Nazir began his career in 1989 as CIMB's first fresh graduate recruit. He was appointed senior vice-president in 1993, deputy CEO in 1996, and CEO in 1999 at the age of 32. During his tenure, he oversaw CIMB's response to the Asian financial crisis, the acquisition of Southern Bank in 2006, and the expansion of operations in Thailand, Indonesia, and Cambodia. The bank was affected by the 2008 global financial crisis but later recovered. Nazir was also involved in reviewing aspects of 1MDB bond transactions. By 2010, CIMB was Malaysia's second-largest Islamic bank. In 2014, he stepped down as CEO to become chairman of CIMB Group and a director of Khazanah Nasional.

His later career included involvement in the 1MDB scandal, where he came under public scrutiny for political funding but was cleared of wrongdoing after an independent review in 2016. He was appointed chair of the World Economic Forum's ASEAN Regional Business Council in 2016 and served as chairman of Malaysia Development Bank from 2021 to 2023, during which time he introduced Agenda 2025, a development impact framework, and oversaw plans to consolidate development finance institutions. He also co-founded Ikhlas Capital, a private equity firm focused on ASEAN markets.