CIMB clinches prestigious Euromoney Award in London

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TOP HONOUR: Nazir (centre) receives the Outstanding Contribution Award from Horwood (left) of Euromoney and Anuj Gangahar, Asian editor of Euromoney in a ceremony held in London recently.

KUALA LUMPUR: Datuk Seri Nazir Razak, group chief executive, CIMB Group, received the ‘Euromoney Award for Outstanding Contribution’ to Asian financial markets yesterday in a special ceremony in London.

One of the most prestigious awards in global finance yesterday, recent recipients of the Award include Vikram Pandit, chief executive officer (CEO) Citigroup, Josef Ackerman, former CEO Deutsche Bank and Roberto Setubal, CEO Banco Itau (of Brazil).

“Nazir has driven what is undoubtedly one of the runaway success stories of Southeast Asian markets.

“Over the past year CIMB, the bank he leads, has reinforced its acclaimed credentials by posting strong growth across the board in deposits, mortgages, personal financing wealth management, credit cards and several other areas,” said Clive Horwood, editor of Euromoney.

“He has also demonstrated his determination to make CIMB a strong player across the region, notably with the acquisition of RBS’s Asia-Pacific investment banking business.

“For his establishment of a quality franchise, his strategic vision, strong leadership and work on market development, the winner of Euromoney’s Outstanding Contribution to Asian Financial Markets Award this year goes to Nazir Razak from CIMB,” added Horwood.

The Award recognises Nazir’s many achievements over the course of his tenure at CIMB Group, both in terms of building one of Asia’s leading banking groups and in CIMB’s role in developing Malaysia’s banking and capital markets.

“I am humbled to be recognised on a personal level for CIMB’s achievements by Euromoney, the most venerable name in international financial journalism, and stand alongside the excellent international bankers that have previously received this award,” said Nazir.

“My gratitude goes to the thousands of staff, past and present, who have worked the CIMB cause with me; in Malaysia, in Asean and beyond.

“Our strategic direction, approach and perseverance are further vindicated by this prestigious award.

“We march on from here even more confidently,” he added.

In addition to the Outstanding Contribution Award for Nazir, CIMB Group also won the 2012 Euromoney Awards for Malaysia’s Best Bank and Malaysia’s Best Investment Bank.

CIMB Group has won the best bank award for three consecutive years and the best investment bank award for six consecutive years – the first time this feat has been achieved anywhere in the world, according to Euromoney.

“Defending is always tougher than winning, so we are absolutely delighted to retain both awards yet again,” commented Nazir on the two other awards.

Euromoney, a leading financial magazine, is published monthly and covers the latest developments in the global financial world.

Championing the growth of international cross-border capital markets since 1969, Euromoney is the prime magazine of the wholesale financial world, its institutions and its users. — Bernama