Business

Tengku Zafrul's appointment as Finance Minister breaks norm

Published on 9 Mar 2020 7:54:09 PM

Tengku Datuk Seri Zafrul Tengku Abdul Aziz, who was appointed as Malaysia’s new Finance Minister on Monday, resigned as group CEO of CIMB Group Holdings Bhd and CEO of CIMB Bank Bhd.

His appointment is considered historic as the powerful and influential Cabinet post is normally reserved for a senior figure within the ruling political party.