KUALA LUMPUR: Former CEO of Maybank Investment Bank, Tengku Zafrul Tengku Abdul Aziz, has been appointed the CEO of CIMB Investment Bank Bhd effective Jan 2, 2014, the CIMB Group announced in a filing with Bursa Malaysia.
He will also be head of CIMB Group's Investment Banking Division and co-head of its Corporate Clients Solutions (CCS) Division reporting to the Group CEO, Datuk Sri Nazir Razak.
Apart from his role in Maybank Investment Bank, Tengku Zafrul was also at one time the group director at Kenanga Holdings Bhd, CEO of Tune Money Sdn Bhd, the head of Investment Banking at Citigroup Malaysia, and senior manager at CIMB Investment Bank.
"We are delighted to welcome Zafrul to the Group's senior management team. As an alumni, he already understands the CIMB DNA. And he has a proven record in investment banking in Malaysia and Asean,” Nazir said.
“He now has the opportunity to spearhead the largest indigenous APAC ex-Japan IB franchise to greater heights. In corporate relationship management, I believe the partnership between Zafrul and Ms Kong Sooi Lin (Co-Head of CCS) will be formidable as we continue to grow our coverage in the rest of Asean as well as key APAC markets," he added.
Tengku Zafrul graduated with a degree in economics and accounting from the University of Bristol, and completed his Masters at the University of Exeter. He is currently the president of the Kuala Lumpur Business Club and sits on the Boards of Malaysian Investment Development Authority (MIDA) and Perbadanan PR1MA Malaysia.
Tengku Zafrul succeeds Datuk Charon Wardini Mokhzani who left CIMB in October this year for Khazanah Nasional Bhd.