Central Bank Gives Nod to Mohd Nasir as CIMB Chairman

KUALA LUMPUR, Oct 20 (Bernama) -- CIMB Group has received the Central Bank of Malaysia’s (BNM) approval for Mohd Nasir Ahmad to be appointed as Group Chairman of CIMB Group effective Saturday, Oct 20. Mohd Nasir is taking over the position from Nazir Razak. In a statement Friday, CIMB said Mohd Nasir has been a member of the group’s board of directors (BOD) since 2015, and Senior Independent Director since April 2016. “He is familiar with the group’s business and is well known to both CIMB’s internal and external stakeholders. As part of this appointment, Mohd Nasir will relinquish his positions as Senior Independent Director and Chairman of the Audit Committee. “He will remain as a member of the Group BOD’s Audit Committee, Risk Committee and Group Nomination and Remuneration Committee,” it added. -- BERNAMA