Search is on for Nazir’s successor

Nazir Razak, chairman of CIMB Group Holdings Bhd., speaks during a Bloomberg Television interview at the World Economic Forum for Association of Southeast Asian Nations (ASEAN) in Kuala Lumpur, Malaysia, on Wednesday, June 1, 2016. Banks like CIMB are challenged by fintech companies and will need to invest in technology to respond, said Razak. Photographer: Charles Pertwee/Bloomberg

The ‘face’ of second largest banking group prepares to exit to set up own fund

CIMB Group chairman Datuk Seri Nazir Razak, a seasoned banker and the face behind the country’s second largest lender, will leave the banking group.