Financial system needs paradigm shift: Nazir Razak
Veteran Malaysia banker makes call to put purpose before profit, and to make capitalism more sustainable
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Kuala Lumpur
NAZIR Razak, a veteran Malaysia banker whose career progressed from investment banking to development finance, has called on the industry's senior practitioners to help change global finance and make capitalism more sustainable.
Speaking at a conference organised by Genesis Alternative Ventures in Singapore on Thursday, the former chairman of CIMB Group Holdings said the excesses of global finance have exacerbated the climate and inequality crises the world faces today.
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