KUALA LUMPUR (Jan 26): The group chief executive / managing director of CIMB Group Datuk Seri Nazir Razak has been appointed president commissioner of CIMB Niaga at the EGM in Jakarta on Thursday.
CIMB Group said in a statement that Nazir replaces Datuk Mohd Shukri Hussin who stepped down following his retirement from CIMB Group end-2011 .
Glenn Muhammad Surya Yusuf was appointed vice president commissioner of Bank Niaga. Glenn replaces Roy Edu Tirtadji who remains an independent commissioner.
The appointments are effective upon the approval of Bank Indonesia (BI).
CIMB Group said Nazir’s appointment to the chairmanship of the board of commissioners at CIMB Niaga was consistent with CIMB Niaga’s growing importance to CIMB Group.
For the nine-month period in 2011, CIMB Niaga accounted for approximately 30% of CIMB Group’s profit before tax (PBT).
Nazir, 45, graduated from the University of Bristol with a BSc (Hons) and obtained an MPhil from the University of Cambridge.
He joined CIMB’s corporate advisory department in 1989 and was appointed chief executive on June 1, 1999. He spearheaded the group’s transformation from a Malaysian investment bank to a regional universal bank via the acquisitions of G.K. Goh Securities and Bumiputra-Commerce Bank in 2005, Southern Bank in 2006, and Bank Lippo and BankThai in 2008.
CIMB said under Nazir’s stewardship, CIMB Group won many prestigious accolades. He was also the youngest recipient of FinanceAsia’s “Lifetime Achievement Award” in 2009, and was named the “Best Executive in Malaysia” by Asiamoney in 2009 and 2010 as well as “Best CEO (Malaysia)” by FinanceAsia in 2011.
Meanwhile, Glenn Muhammad Surya Yusuf has over 29 years of experience working in the business and finance sectors, with various positions which include director of Bank Niaga (1985-1994) and the first chairman of the Indonesian Bank Restructuring Agency (1998-2000).
He was also president director of PT Danareksa (Persero), a position he held between 1995 and 2001; and president director of PT Perusahaan Perkebunan London Sumatera Tbk from 2003 through 2007. He is currently a commissioner at PT Surya Citra Media Tbk (appointed in 2004), and also an independent non-executive director for CIMB Group Holdings Bhd (appointed in January 2010).
CIMB Group said in a statement that Nazir replaces Datuk Mohd Shukri Hussin who stepped down following his retirement from CIMB Group end-2011 .
Glenn Muhammad Surya Yusuf was appointed vice president commissioner of Bank Niaga. Glenn replaces Roy Edu Tirtadji who remains an independent commissioner.
The appointments are effective upon the approval of Bank Indonesia (BI).
CIMB Group said Nazir’s appointment to the chairmanship of the board of commissioners at CIMB Niaga was consistent with CIMB Niaga’s growing importance to CIMB Group.
For the nine-month period in 2011, CIMB Niaga accounted for approximately 30% of CIMB Group’s profit before tax (PBT).
Nazir, 45, graduated from the University of Bristol with a BSc (Hons) and obtained an MPhil from the University of Cambridge.
He joined CIMB’s corporate advisory department in 1989 and was appointed chief executive on June 1, 1999. He spearheaded the group’s transformation from a Malaysian investment bank to a regional universal bank via the acquisitions of G.K. Goh Securities and Bumiputra-Commerce Bank in 2005, Southern Bank in 2006, and Bank Lippo and BankThai in 2008.
CIMB said under Nazir’s stewardship, CIMB Group won many prestigious accolades. He was also the youngest recipient of FinanceAsia’s “Lifetime Achievement Award” in 2009, and was named the “Best Executive in Malaysia” by Asiamoney in 2009 and 2010 as well as “Best CEO (Malaysia)” by FinanceAsia in 2011.
Meanwhile, Glenn Muhammad Surya Yusuf has over 29 years of experience working in the business and finance sectors, with various positions which include director of Bank Niaga (1985-1994) and the first chairman of the Indonesian Bank Restructuring Agency (1998-2000).
He was also president director of PT Danareksa (Persero), a position he held between 1995 and 2001; and president director of PT Perusahaan Perkebunan London Sumatera Tbk from 2003 through 2007. He is currently a commissioner at PT Surya Citra Media Tbk (appointed in 2004), and also an independent non-executive director for CIMB Group Holdings Bhd (appointed in January 2010).
