Lifetime achievement award for Nazir

DATUK Seri Nazir Razak, group chief executive of CIMB Group, Malaysia's second biggest banking group, won the prestigious "Lifetime Achievement Award" for his contribution to the Asian banking and finance industry.

The award, previously won by Public Bank's Tan Sri Teh Hong Piow among others, was given by FinanceAsia, an industry magazine, at an event in Hong Kong which was attended by over 500 bankers from Asia.

"It's extraordinary of us to be recognising someone at a very young age of 42 for his lifetime achievement, but that is the true reflection of the success and leadership Nazir has demonstrated over the years," Lara Wozniak, Editor of FinanceAsia, said in a statement released by CIMB.

Nazir dedicated the award to his wife Datin Seri Azlina Aziz, his lifetime partner who has been his "constant source of strength and impartial advice" throughout his 20-year career.

Nazir joined CIMB in September 1989 as an entry-level executive and worked up the ranks until he was appointed CEO in June 1999.

Under his leadership, CIMB transformed itself from being the top Malaysian merchant bank into a Southeast Asian universal bank with assets of over RM220 billion (US$78 billion) and a market capitalisation of about RM36 billion (US$10 billion).
Posted by Nuang at 2:01:00 PM
RInggit likely to rise next week
Published: 2009/09/05

The ringgit is likely to trade firmer against the US dollar next week on steady commercial demand for the local currency, dealers said.

Further support could come should Bursa Malaysia continue to move upward, one of them said.

This week, the ringgit's movement mainly followed the performance of Malaysian and regional stock markets.

On a week by week comparison, the ringgit was lower against the US dollar at 3.5230/5280 compared with 3.5200/5250 previously.

It also eased against the Singapore dollar to 2.4465/4520 from 2.4453/4512, the Japanese yen to 3.7959/7017 from 3.7439/7512 and the British pound to 5.7608/7707 from 5.7478/7570.

However, the local unit rose against the euro to 5.0308/0383 from 5.0537/0615. -- Bernama