New rules affect Nazir Razak's future as CIMB chairman

The findings from the review concluded that Datuk Seri Nazir Razak did not misuse his position as the group chief executive at that time nor was there any inappropriate use of the bank

SINGAPORE: Malaysia’s central bank has imposed new guidelines for financial institutions that are set to test prominent banker Datuk Seri Nazir Razak’s (pic) position as chairman of the country’s second-largest lender CIMB Group.

Under the Bank Negara rules issued early this month, chief executive officers of financial institutions are prohibited from taking over as chairmen of the board of directors.