Structural changes likely after offer of en masse resignations at Khazanah

CIMB Group is the fifth largest banking group in Asean (by assets), with an extensive regional footprint and a commendable universal-banking franchise.

PETALING JAYA: The en masse offer of resignations by Khazanah Nasional Bhd’s entire board of directors signals more sweeping changes in corporate Malaysia and is part of the larger picture of facilitating new changes by the Pakatan Harapan government, say fund managers.

While operationally, Khazanah’s majority-owned companies will not be affected, over the longer term, structural changes are likely to take place at these firms.