Story behind CIMB merger plan


From left: EPF CEO Datuk Shahril Ridza Ridzuan, CIMB Group chief executive Datuk Seri Nazir Razak and Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz.

With Islamic finance gaining global acceptance, it's only natural to set up the biggest Islamic bank in Malaysia.

INDIRECTLY, the seeds of the proposed merger between CIMB Group Holdings Bhd, RHB Capital Bhd (RHB Cap) and Malaysia Building Society Bhd (MBSB) were sown not in Kuala Lumpur but in the world’s financial centre – London.

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