Zafrul becomes head of CIMB Investment Bank

The former head of the investment bank at Maybank replaces Charon Wardini Mokhzani who joined Khazanah two months ago. Separately, CIMB is in the process of strengthening its senior bench in North Asia.

Malaysia-based CIMB has hired Maybank’s Tengku Zafrul Tengku Abdul Aziz as the new CEO of its investment bank, according to an announcement issued during the holidays. He is replacing Charon Wardini Mokhzani who left CIMB at the end of October to become an executive director with Khazanah Nasional, which is CIMB’s largest shareholder.

Zafrul started his new job on January 2 and will report directly to group CEO Nazir Razak. In addition to his main role as CEO of the investment bank, he has also been appointed head of the investment banking division IBD and co-head of corporate clients solutions CCS.

According to...

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