Zafrul named CIMB investment bank CEO [New Straits Time (Malaysia)]
(New Straits Time (Malaysia) Via Acquire Media NewsEdge) KUALA LUMPUR: CIMB Group yesterday announced the appointment of Tengku Datuk Zafrul Tengku Abdul Aziz as chief executive officer (CEO) of CIMB Investment Bank Bhd, effective January 2 2014.
He will also assume the roles of head of CIMB Group's investment banking division and co-head of its corporate client solutions (CCS) division, reporting to group chief executive Datuk Seri Nazir Razak.
Tengku Zafrul was most recently CEO of Maybank Investment Bank Bhd, where he led Maybank's US$1.4 billion (RM4.6 billion) purchase of regional brokerage Kim Eng in Singapore and doubled its investment bank earnings.
His other positions prior to Maybank Investment include Kenanga Holdings Bhd's group director, Tune Money Sdn Bhd's CEO, Citigroup Malaysia investment banking head and CIMB Investment Bank senior manager.
"We are delighted to welcome Zafrul to the group's senior management team. As an alumni, he already understands the 'CIMB DNA'.
"He has a proven record in investment banking in Malaysia and Asean and now has the opportunity to spearhead the largest indigenous Asia-Pacific ex-Japan investment banking franchise to greater heights," Nazir said in a statement.
He also expressed his confidence over the partnership between Tengku Zafrul and the other CCS co-head as the group continues to grow its presence in Asean and other key Asia-Pacific markets.
Tengku Zafrul graduated with a BSc (Hons) in economics and accounting from the University of Bristol and completed his Master's at the University of Exeter.
He is also currently the president of the Kuala Lumpur Business Club and sits on the boards of Malaysian Investment Development Authority and Perbadanan PR1MA Malaysia.
Tengku Zafrul succeeds Datuk Charon Wardini Mokhzani, who left CIMB in October this year to join Khazanah Nasional Bhd.
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