Nazir Razak to retire as chairman of Bank Pembangunan on April 22

KUALA LUMPUR: Tan Sri Nazir Razak will retire from his position as non-executive chairman of Bank Pembangunan Malaysia Bhd (BPMB) upon the completion of his two-year tenure on April 22, 2023.

Nazir, formerly the CEO of BPMB and then-chairman of CIMB Group, joined the bank in 2021 with a view to overseeing the planned consolidation of development finance institutions.