Who is in charge of CIMB in Malaysia?

CIMB Banking Group, Malaysia's second largest bank, is led by nazir Razak, brother of Malaysian Prime Minister Najib Razak. The profits of local Lianchang Holdings mainly come from investment banks and capital departments. Investment banks are mainly engaged in securities-related and corporate financing business, while the bank's fund department mainly deals with currency transactions. CIMB, a subsidiary of local Lianchang, has always been the leader of Malaysian investment and securities banks. Most of the mergers and acquisitions of enterprises in this country are handled by Lianchang International Securities, and the case that Sime, guthrie and Jin hope to merge into synergy is handled by Lianchang International.

Lianchang International Securities was originally a subsidiary of Bumiputra Commercial Bank, specializing in corporate financing and securities investment. Three years after listing, it was delisted and merged with its parent company, which was renamed CIMB Bank, and Nasir became the managing director and CEO of Lianchang Bank Group. Soon after, Lianchang International Bank also successfully recovered Southern Bank and acquired GK Wu of Singapore, expanding it into a regional investment bank. Lianchang International -GK's profit increased by 227% in the first half of this year. Wu Securities is a securities company and financial service institution headquartered in Singapore, with branches in many countries in Southeast Asia. In addition, indigenous Lianchang also owns assets in Indonesia, namely Niaga Bank in Indonesia. Commercial banks also achieved a pre-tax profit of 557 billion rupiah in the first half of this year, an increase of 16% over the same period last year.