Dato' Sri Nazir Razak serves as Chairman of the Board at CIMB Group. He was appointed to the Board on 27 January 2006 as a Non-Independent Non-Executive Director and was then appointed as the Group Managing Director / Chief Executive Officer of CIMB Group on 7 November 2006. He resigned as the Group Managing Director / Chief Executive Officer of CIMB Group on 31 August 2014 and was re-designated and named Chairman / Non-Independent Non-Executive Director of CIMB Group on 1 September 2014 following the retirement of Tan Sri Md Nor Yusof as the Chairman / Non-Independent Non-Executive Director of CIMB Group on 31 August 2014. He is also the President Commissioner of PT Bank CIMB Niaga Tbk. Dato' Sri Nazir graduated from the University of Bristol with a Bachelor of Science (Hons) degree and obtained a Master of Philosophy (MPhil) from the University of Cambridge. He joined the corporate advisory department of Commerce International Merchant Bankers Berhad (now known as CIMB Investment Bank) in 1989 and managed various privatization, listing and corporate restructuring exercises. In 1993, he transferred to the bank's stockbroking arm where he rose to the position of Executive Director. He moved back to CIMB Investment Bank as Deputy Chief Executive on 1 June 1996 and became Chief Executive on 1 June 1999. He assumed the position of Group Chief Executive of CIMB Group on 7 November 2006.