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Asian Investment Conference 2021

Tengku Zafrul Aziz

Minister of Finance, Malaysia

Tengku Zafrul Aziz

YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz is Minister of Finance of Malaysia. He was appointed Minister of Finance on 9 March 2020. He is also Senator of Dewan Negara, the upper house of the Malaysian Parliament.

With over 22 years of experience in banking and finance, he is a respected figure in the financial services sector, particularly in change management and investment banking. Prior to his appointment as the Minister of Finance, he was Group CEO and Executive Director of CIMB Group Holdings Berhad – ASEAN’s fifth-largest universal bank and a world leader in Islamic finance. Tengku Zafrul was also President Commissioner of PT Bank CIMB Niaga Tbk, Indonesia’s second-largest private bank.

Tengku Zafrul has served as CEO of Maybank Investment Bank Berhad and Maybank Kim Eng Holdings, as well as in senior positions in Citigroup Malaysia, Kenanga Holdings Berhad and Avenue Securities. He has also ventured into entrepreneurship by setting up Tune Money Sendirian Berhad, Asia’s first “no-frills” online financial service provider.

Tengku Zafrul graduated from the University of Bristol, United Kingdom with a Bachelor’s degree in Economics and Accounting. He holds a Master’s degree in Finance and Management from the University of Exeter, United Kingdom and is certified as a Fellow Chartered Banker by the Asian Institute of Chartered Bankers in 2015.

As an advocate of Malaysia’s socioeconomic development, Tengku Zafrul often engages with the youth on topics he is passionate about – such as leadership, sustainability and techpreneurship. In 2015, he combined his interest in running and charity by raising RM200,000 for Make-A-Wish Malaysia by running the Tokyo Marathon. Tengku Zafrul is also Honorary Commander of the Navy Volunteer Reserve under the Royal Malaysian Navy.