KUALA LUMPUR (April 20): Bank Pembangunan Malaysia Bhd (BPMB) said that Tan Sri Nazir Razak would retire from his position as the bank’s non-executive chairman upon completion of his two-year tenure, effective April 22. Nazir, 56, was formerly the chief executive officer and chairman of CIMB Group before joining BPMB in 2021. He oversaw the planned consolidation of development finance institutions (DFIs). “I would like to thank the government for the opportunity to serve BPMB over the last two eventful years,” said Nazir in a statement on Thursday (April 20). “In this time, we successfully completed the merger with Danajamin, significantly strengthened our management bench, improved operations and overall governance, resulting in a stronger and more integrated BPMB group today.

Source: The Edge Markets April 20, 2023 20:09 UTC