Tengku Zafrul Aziz

Tengku Zafrul bin Tengku Abdul Aziz (born 25 June 1973) is a Malaysian banker, investor and corporate figure currently serving as the Minister of Finance of Malaysia since March 2020. He was the Group Chief Executive Officer (CEO)/Executive Director of CIMB Group Holdings Berhad, a leading ASEAN universal bank and a world leader in Islamic finance. He was also the Chief Executive Officer (CEO)/Executive Director of CIMB Bank Berhad[1] and President Commissioner of PT Bank CIMB Niaga Tbk.

Yang Berhormat Mulia Senator Tengku Dato' Sri

Zafrul Aziz

SSAP DSAP DPMS DPNS
Minister of Finance
Assumed office
10 March 2020
MonarchAbdullah
Prime MinisterMuhyiddin Yassin
DeputyAbdul Rahim Bakri
Mohd Shahar Abdullah
Preceded byLim Guan Eng
Member of the Dewan Negara
Assumed office
10 March 2020
MonarchAbdullah
Prime MinisterMuhyiddin Yassin
Preceded byPaul Low Seng Kuan (IND)
ConstituencySenator
Personal details
Born
Tengku Zafrul bin Tengku Abdul Aziz

(1973-06-25) 25 June 1973
Kuala Lumpur, Malaysia
NationalityMalaysian
Spouse(s)Raja Datin Sri Johanna Raja Arshad
Children4
Alma materUniversity of Bristol
Bachelor of Science in Economics and Accounting
University of Exeter
Master of Arts in Finance and Management
OccupationMinister of Finance
ProfessionBanker

Outside of CIMB, Zafrul is currently a member of the APEC Business Advisory Council (ABAC), representing Malaysia in promoting intra-trade and collaboration within Asia Pacific. He currently sits on the Board of the National Sports Council of Malaysia,[2] in addition to being a Trustee of the Perdana Leadership Foundation and a member of the National Higher Education Entrepreneurship Council under the Ministry of Education.[3] He is also an Honorary Commander of the Navy Volunteer Reserve under the Royal Malaysian Navy.

He was appointed in Muhyiddin's cabinet as the Minister of Finance on 9 March 2020.[4]

Early life

Tengku Zafrul was born on 25 June 1973 and is the eldest of four siblings.[5] His mother, Raja Datuk Zaharaton Raja Zainal Abidin, is the former Director-General of the Economic Planning Unit (EPU) of the Prime Minister's Department of Malaysia, and his father, Tengku Abdul Aziz Tengku Harris, is a businessman.[5] He is married to Raja Datin Sri Johanna Raja Arshad, the great granddaughter to the fifth Sultan of Selangor, Sulaiman of Selangor.[5] The couple has four children.[6]

He received his early education at Malay College Kuala Kangsar, and graduated from the University of Bristol, UK with a Bachelor of Science (Hons) Economics and Accounting, and obtained a Master of Arts (MA) in Finance and Management from the University of Exeter, UK.[7] He is also a Fellow Chartered Banker with the Asian Institute of Chartered Bankers.

Since his school days, Tengku Zafrul was interested in sports such as hockey and ran for recreation.[8] During his first year at the University of Bristol, his main transportation was by bicycle.[8] His interests include keeping fit through running, cycling and swimming, and developing the youth through his participation in various organizations such as the Kalsom Movement and Teach for Malaysia. He has completed all six marathons under the Abbott World Marathon Majors.[9] He is also a fan of the football club, Liverpool F.C., which plays in the English Premier League as well as veteran football players such as Ian Rush.[10][11][12]

Career history

Corporate career

Zafrul started out as a corporate finance executive in AmInvestment Bank in 1996. He then joined Crédit Agricole as an investment analyst, moving up to Director within a few years. Succeeding this, he became the Advisor to the President of Tenaga Nasional Berhad. Zafrul then joined CIMB Investment banking, after which he was appointed as Group Managing Director of Avenue Capital Resources (now ECM Libra), a listed company specialising in financial services i.e. investment banking and fund management. He was also Chief Executive Officer of Avenue Securities and the Chairman of Avenue Asset Management. Zafrul then went on to become the Head of Investment Banking for Citigroup Malaysia.

He is also the main investor behind Tune Money Sdn Bhd, Asia’s first "no-frills" online financial service provider as well as its CEO and substantial shareholder. Following that, Zafrul was appointed as Group Director of Kenanga Holdings Berhad and Director of Kenanga Investment Bank Berhad. Prior to assuming his most recent role with CIMB, Zafrul was the Chief Executive Officer of Maybank Investment Bank, the fully-owned investment banking arm of Malayan Banking Berhad, Malaysia's flagship financial services player. The acquisition of Kim Eng Holdings Limited (Kim Eng) by the Maybank Group in 2011 resulted in the combined entity of Maybank IB and Kim Eng, known regionally as Maybank Kim Eng, of which Zafrul was also CEO.

Ministry of Finance

On 9 March 2020, Tengku Zafrul was appointed in Muhyiddin's cabinet as Minister of Finance.[4] He embarked on a difficult task to assist the people and industry in the implementation of the Prihatin Rakyat Economic Stimulus Package during the outbreak of the COVID-19 pandemic in Malaysia.[13]

Recognition and Awards

Throughout his career, Zafrul was awarded with numerous prestigious awards including ASEAN CEO Award by Technology Business Review (2008).[14] He also was given the Malaysian Business Leadership Award in the year 2009.[14] Most Promising Entrepreneurship Awards by Enterprise Asia (2008)[14] and the Malaysian Business Leadership Award by The Leaders Magazine. Most recently, he was awarded the Masterclass CEO of the Year in the 7th Global Leadership Award organised by the American Leadership Development Association (2017) and the Best Chief Executive Officer for Investor Relations by the Malaysia Investor Relations Association (2017).

Other media

Television

Tengku Zafrul was one of the judges of the corporate reality television series The Firm.[8] The show premièred prime time nationwide on ntv7 and Astro's Channel 7 in Malaysia in 2007.[8] As one of the three millionaire judges on The Firm, the other two beings Peter Pek and Chan Boon Yong, he is considered one of Malaysia's few corporate celebrities. He has also appeared in advertisements for Tune Money.

Year Title Role Note
2007 The Firm Himself As jury (Season 1&2)

Honours

References
  1. "CIMB Group - Board of Directors". cimb.com. Retrieved 23 January 2019.
  2. "National Sports Council of Malaysia - Board of Directors".
  3. "15 appointed to entrepreneurship council". thestar.com.my. Retrieved 23 January 2019.
  4. Shukry, Anisah; Ngui, Yantoultra (9 March 2020). "Malaysia Picks Bank CEO as Finance Minister in New Cabinet". Bloomberg. Retrieved 5 May 2020.
  5. "Pelantikan Tengku Zafrul berbeza daripada amalan". Harian Metro (in Malay). 9 March 2020. Retrieved 7 June 2020.
  6. "Cantiknya Isteri Menteri Kewangan! Anak 4 Tapi Maintain Muda, Rupanya Amalkan Petua Semula Jadi Je". Nona. Retrieved 7 June 2020.
  7. Ravi Velloor (9 July 2017). "In Good Company: Marathon man Zafrul Aziz sets CIMB up for long haul". The Straits Times. Retrieved 7 June 2020.
  8. "8 Things About Our New Finance Minister And What He's Bringing To The Table". Vulcan Post. Retrieved 3 May 2020.
  9. "Abbott World Marathon Majors". World Marathon Majors. Retrieved 23 January 2019.
  10. "Kelab EPL Yang Disokong Oleh Menteri Kabinet Baharu". Semuanya Bola. 10 March 2020. Retrieved 3 May 2020.
  11. "6 Fakta Menarik Tentang Tengku Zafrul Menteri Kewangan Malaysia Yang Baharu (2020)". The Inspirasi. 9 March 2020. Retrieved 3 May 2020.
  12. "'Relationships mean a lot to him'". Pressreader. 30 July 2019. Retrieved 3 May 2020.
  13. "Malaysia: The PRIHATIN Rakyat Economic Stimulus Package". www.bakermckenzie.com. 31 March 2020. Retrieved 6 May 2020.
  14. "Tengku Zafrul Tengku Abdul Aziz". www.uschos.com. 2020. Retrieved 6 May 2020.
  15. "SEMAKAN PENERIMA DARJAH KEBESARAN, BINTANG DAN PINGAT". Prime Minister's Department (Malaysia).
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.