CIMB Group CEO appointed as Finance Minister

CIMB Group chief executive officer Tengku Datuk Seri Zafrul Abdul Aziz has been appointed as the Finance Minister. The announcement came as Prime Minister Tan Sri Muhiyiddin Yassin had announced the new cabinet line-up.

“I would like to thank the Prime Minister (Tan Sri Muhyiddin Yassin) for giving me 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.

“I undertake to give my best to the nation and am looking forward to serve with all the relevant stakeholders in ensuring we remain steadfast and in the spirit of inclusivity, work together to realise our collective aspirations,” he said in a statement.

He was appointed as the group ceo and executive director of CIMB in 2015. Zafrul is also currently a member of the APEC Business Advisory Council (ABAC), representing Malaysia in promoting intra-trade and collaboration within Asia Pacific.

The CIMB Group Board (“the Board”) has appointed Omar Siddiq, currently the Group Chief Operating Officer, as Officer-in-Charge for CIMB Group and CIMB Bank Berhad, with immediate effect.

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