Nazir Razak is a Banker, Corporate Executive and Philanthropist widely recognized as one of Malaysia’s most influential figures in the financial sector.
As the former chairman of CIMB Group, a leading banking group in Southeast Asia, Nazir played a key role in transforming the group into a regional power.
He is also known for his work on financial reforms and his efforts to modernize the Malaysian banking industry.
Nazir became increasingly famous due to his lineage. He is the younger brother of former Malaysian Prime Minister Najib Razak and the son of second Prime Minister Tun Abdul Razak.
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- Full name: Mohamed Nazir bin Tun Abdul Razak
- Date of birth: November 19, 1966
- Age: 58 years old
- Gender: Male
- Place of birth: Kuala Lumpur, Malaysia
- Nationality: Malaysian
- Occupation: Banker, Business CEO, Philanthropist
- Parents: Tun Abdul Razak (Father), Rahah Mohamed Noah (Mother)
- Siblings: Najib Razak, Nizam Razak, Nazim Razak, Johari Razak
- Spouse: Azlina Aziz
- Children: Two
- Relationship status: Married
- Religion: Islam
- Ethnicity: Malay
- Net worth: 100 million USD
Early life and education
Nazir Razak, currently 58 years old, was born on November 19, 1966 in Kuala Lumpur, Malaysia, into a family with great political and economic influence. His father, Tun Abdul Razak, served as Malaysia’s second prime minister, while his brother, Najib Razak, held the same position decades later.
Nazir grew up surrounded by political discussion, leadership and public service, experiences that undoubtedly shaped his views on business and governance.
Nazir studied at the prestigious Bristol University in the United Kingdom, where he earned a degree in Economics. He then completed a master’s degree in Development Economics at Cambridge University in 1988.
His formal education and family’s political background equipped him with a unique understanding of economics and management, which ultimately led him to a career path in banking. Nazir belongs to the Malay ethnic group and is Muslim, which is a central aspect of his personal and professional identity.
Personal life
Nazir Razak is married to Azlina Aziz, a corporate lawyer. The couple met through mutual friends and got married after several years of dating. They have two children together but their children’s names are not made public. Nazir is known to maintain a private family life, away from the media spotlight. T
The Razak family is often in the public eye thanks to the important political and business roles of Nazir and his brother Najib. However, Nazir tended to focus on his professional achievements rather than focusing on his family’s political connections.
Career
Nazir Razak’s career originated in the financial services industry. He started working at CIMB Group in 1989, initially joining as corporate finance director.
Over the years, his strategic vision and leadership have helped CIMB grow from a small commercial bank into one of the largest financial institutions in Southeast Asia.
Nazir became CEO of CIMB Group in 1999 and held the position until 2014, when he transitioned to chairman. Under his leadership, CIMB expanded into the region, acquiring several other banks, including Indonesia’s Southern Bank and Bank Niaga.
In addition to his leadership role in the banking sector, Nazir is also a vocal advocate of financial reform in Malaysia. He often speaks about the need for more transparency and better governance in both the financial and political sectors.
His stance on these issues sometimes brought him into conflict with the Malaysian political establishment, including his brother Najib, especially during Najib’s term as prime minister.
After leaving CIMB in 2018, Nazir has focused on his philanthropic work, including efforts to promote better governance in Malaysia’s political and corporate sectors.
Prize
- – Asia House Asian Business Leadership Award (2015)
- – ASEAN Entrepreneur of the Year (2006)
- – CNBC Asia Business Leader (2009)
- – FinanceAsia Lifetime Achievement Award (2015)
Net worth
Nazir Razak’s net worth is estimated to be around $100 million. His wealth was mainly accumulated through a successful career in the banking industry, especially during his tenure at CIMB Group.
Argumentative
Nazir Razak has faced many controversies throughout his career, many related to his family’s political status. One of the most important scandals involved the 1MDB financial scandal, involving his brother Najib Razak, who was then prime minister of Malaysia.
Although Nazir was not directly implicated in the 1MDB scandal, his relationship with Najib has drawn public scrutiny. In 2016, Nazir admitted to receiving $7 million from political funds and claimed to have distributed it to politicians at his brother’s request. This led to public criticism and raised concerns about the use of political funds.
The CIMB board and an external auditor cleared Nazir of any wrongdoing, but the episode damaged his reputation for a time. Despite this, Nazir has distanced himself from his family’s political faction and has insisted that he is not involved in the management of 1MDB.
His stance on transparency and good governance became even clearer in the years after the controversy, as he sought to rebuild his reputation by advocating reforms in the corporate and domestic sectors. politics.
Social Media
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- – Twitter: Not applicable
