New CIMB CEO sets ambitious goals to be met by 2018
He says realities today render some historical IB cost structures irrelevant.
Anita Gabriel
FROM as early as 2004 when savvy banker Zafrul Abdul Aziz helmed a smallish Malaysian state-owned financial services outfit Avenue Capital Resources, he never quite took his eye off the ball, despite switching several jobs along the way.
That gilded ball fell on Mr Zafrul's lap when CIMB stalwart Nazir Razak called it a day as chief executive of the bank last July, leaving the door to the C-suite of Malaysia's second largest lender wide open for the 42-year old.
And so in February this year, following the central bank's blessing and just one year after he joined the firm, he became CIMB group chief executive officer and executive director.
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