THE chief executive and managing director of Commerce International Merchant Bankers (CIMB), Nazir Razak, was named 2003 Businessperson of the Year by the Asian Academy of Management (AAM) yesterday.
Nazir, considered as one of the banking industry's rising stars, was nominated by the AAM's special BPOY award selection committee and unanimously endorsed by its executive board headed by the dean of Universiti Sains Malaysia's school of management, Prof Daing Nasir Ibrahim.
Nazir's career with the CIMB Group spans almost 15 years. He joined its corporate advisory department in 1989 as head of the privatisation unit and subsequently moved to wholly-owned subsidiary CIMB Securities Sdn Bhd. In 1993, he rose to the position of executive director with responsibility for the company's institutional business comprising equities research, sales and dealing.
He was appointed executive director and deputy chief executive of CIMB Bhd in 1996, and chief executive in 1999. Currently, Nazir is also a director of various CIMB group companies.
He studied economics and politics at the University of Bristol, where he graduated with a bachelor's degree with honours in social science. He received his master's degree in philosophy with a specialisation in economics and the politics of development from the University of Cambridge.
Nazir has been a member of the advisory panel for the Banking Master Plan, the National Brains Trust on National Education and the Brains Trust for the K-economy. He was also chairman of the Industry Action Committee that helped set up Mesdaq, the stock exchange for high growth technology companies.