Zafrul quits CIMB CEO post


Commenting on his new appointment, Tengku Zafrul said in a separate statement that he would like to thank Muhyiddin for giving him the trust and opportunity to serve the nation.“I am humbled by this enormous responsibility especially at a time when the country is facing unprecedented economic challenges."

PETALING JAYA: CIMB Group Holdings Bhd group chief executive officer Tengku Datuk Seri Zafrul Aziz has relinquished his position with the banking group with immediate effect following Prime Minister Tan Sri Muhyiddin Yassin’s announcement of his appointment as the Finance Minister.

In a statement yesterday, CIMB said Tengku Zafrul had also resigned from all other board positions.

Commenting on his new appointment, Tengku Zafrul said in a separate statement that he would like to thank Muhyiddin for giving him the trust and opportunity to serve the nation.“I am humbled by this enormous responsibility especially at a time when the country is facing unprecedented economic challenges.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Tengku Zafrul Aziz , CIMB , CEO , quit , Finance Minister ,

Next In Business News

Genting Plantations unit fined RM96.6mil by Indonesian authorities
US clears FGV to export palm following WRO modification
NEV sector surging full steam ahead
FBM KLCI dips after five-day rally, poised to end on a weekly gain
Advance estimate puts Malaysia's 4Q GDP at 5.7%
Applications open for Jelawang Capital's next Emerging Fund Managers' programme
Oil flat as chances of US strike on Iran recedes
Asia shares near record high on AI optimism, dollar up on receding Fed cut bets
Singapore's December exports rise 6.1% y-o-y, weaker than expected
Bursa Malaysia buoyed by improved investor appetite

Others Also Read