Zafrul: Dismisses speculation over CIMB appointment

Tengku Datuk Zafrul Tengku Aziz, who has resigned as Maybank Investment Bank (IB) Chief Executive Officer, has dismissed speculations that he has joined rival CIMB Group. "I am officially still an employee of Maybank until the end of the year. I cannot comment on where I will be going," he told reporters after giving his opening address at the fifth Annual Young Corporate Malaysians (YCM) Summit here today. On Sept 24, Maybank IB released a statement to confirm Tengku Zafrul's resignation from the post. On the summit, he said the event was held in a timely manner given that Malaysia is now on the path towards becoming a developed nation and requires the support of the next generation. "This initiative will help build that foundation. "Young corporate Malaysians need to understand that the country is now part of the global ecosystem. The earlier they realise this, the better it is for the country," he said. The one-day summit, which attracted close to 1,000 participants, aimed to inspire the next generation of corporate leaders by giving them the opportunity to gain insights and valuable perspectives. The sessions covered various issues, ranging from "Moving Malaysia up the Value Chain" and "Fostering Entrepreneurial Innovation" to "Creating an Ecosystem for Growth" and "Making Malaysia a Global Hub." The speakers included MRCB Bhd Managing Director Datuk Mohamad Salim Fateh, Eversendai Chairman and Group Managing Director Tan Sri AK Nathan and Malaysia Rating Corp Bhd Senior Economist Nurhisham Hussein.