NAZIR RAZAK ENDS TENURE AS BPMB CHAIRMAN
“I would like to thank the Government for the opportunity to serve BPMB over the last 2 eventful years,” said Nazir. “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. We also launched Agenda 2025 (our 3-year transformation plan) and embedded an objective method for evaluating loans and investments with our MIND (Measuring Impact on National Development) framework.”
Nazir, formerly CEO and then-chairman of CIMB Group, joined BPMB in 2021 with a view to overseeing the planned consolidation of development finance institutions (DFIs). Phase I, the merger between Danajamin Berhad and BPMB was completed in 2023, and phase II – the merger with SME Bank and EXIM Bank – remains part of the DFI consolidation roadmap, as announced in Budget 2020.
“I wish the board, management and staff all the very best for the future. BPMB is on sound financial footing and has the potential to have much greater impact on national development. I will now be able to dedicate more of my time to my ASEAN private equity investments and new role as chairman of ASEAN Business Advisory Council Malaysia.” Nazir concluded.
BPMB wishes to express its appreciation to Tan Sri Nazir Razak for his invaluable contributions to the Bank.