CIMB ASEAN Research Institute in collaboration with ASEAN Business Club held a roundtable discussion on 21st August 2017, with the theme Deepening Capital Markets in ASEAN: Opportunities and Challenges. Speakers included Joydeep Sengupta, Senior Partner and Managing Partner for Asia–Pacific Banking Practice, McKinsey & Company; Tan Sri Dato’ Seri Ranjit Ajit Singh, Executive Chairman of the Securities Commission Malaysia and Chairman of the ASEAN Capital Markets Forum; Dato’ Sri Nazir Razak, Chairman of CIMB Group; and Dr. Bambang Irawan, Senior Research Fellow, CARI. The discussion was moderated by Tan Sri Dr. Munir Majid, Chairman of CARI and President of the ASEAN Business Club.
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Joydeep Sengupta
Senior Partner, McKinsey & Company and Managing Partner, Asia-Pacific Banking Practice
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Joydeep has deep expertise in a range of business areas including retail banking, wholesale banking and organization-related topics. He has worked with Asian banks and insurers on business unit strategy, service operations, risk and regulation and sales excellence and channel management.
His recent work includes supporting the performance transformation of several leading banking groups in Asia with a focus on sustainable change management and helping with bank and banking sector restructuring issues facing Asian banks. He is currently a member of several policy-making groups in Asia on financial sector and capital market reform issues.
In addition to serving clients, Joydeep has authored several publications in the areas of asset management, banking reform, economic crisis and infrastructure development. Prior to McKinsey, Joydeep held several managerial positions with HSBC.
Joydeep holds a Post Graduate Diploma in business management from Indian Institute of Management, Ahmedabad and a Bachelor of Commerce from the University of Delhi.
Tan Sri Dato’ Seri Ranjit Ajit Singh
Executive Chairman, Securities Commission (SC) Malaysia Chairman, ASEAN Capital Markets Forum (ACMF)
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Dato’ Sri Nazir Razak
Chairman, CIMB Group
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Today, CIMB is Malaysia’s second-largest financial services group and ASEAN’s fifth-largest by assets. Backed by a staff force of around 39,000, the Group has operations in 15 countries, but positions itself as an ASEAN franchise. Under Nazir’s stewardship, CIMB has won many awards, including best investment bank and best Islamic bank in Asia and best bank in Malaysia. Nazir himself was recognised as Malaysia’s top executive/CEO on several occasions. He was the youngest recipient of FinanceAsia’s ‘Lifetime Achievement Award’ in 2009 and was awarded Euromoney’s ‘Outstanding Achievement Award’ in 2012. In 2015, he was the recipient of Asia House’s ‘Asian Business Leaders Award’.
Nazir is a Director of Khazanah Nasional Berhad and a member of the International Advisory Board of the Blavatnik School of Government at the University of Oxford. A strong advocate of the ASEAN integration, Nazir is the inaugural Chairman of the World Economic Forum’s ASEAN Regional Strategy Group and ASEAN Regional Business Council. He led the establishment of the ASEAN Business Club, which comprises CEOs of large ASEAN multinationals, and the CIMB ASEAN Research Institute. He is also a Founding Board Member of Endeavor Malaysia, a non-profit organisation that helps spur the development of entrepreneurs, and was instrumental in the formation of CIMB Foundation, the Group’s corporate responsibility arm. He is also the Honorary President of the Malaysia-China Chamber of Commerce and a member of the Advisory Board of the Centre for Asian Philanthropy and Society.
Nazir graduated from the University of Bristol with a B.Sc. (Hons) and obtained an M.Phil. from the University of Cambridge. In 2009, he was the Chevening Fellow at the Oxford Centre for Islamic Studies.
Dr. Bambang Irawan
Senior Research Fellow, CIMB ASEAN Research Institut
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With the completion of ASEAN Economic Community (AEC) Blueprint 2015, Bambang was involved in the development of the AEC Blueprint 2025 that would guide the cooperation and integration of all economic sectors in ASEAN between 2016 and 2025. His professional experience includes the banking sector and higher education, where he taught economics, statistics and ASEAN studies. Bambang earned his undergraduate degree in economics from the University of Indonesia and MBA from Webster University. His doctorate (economics) is from Monash University, Australia.
Tan Sri Dr. Munir Majid
Chairman, CIMB ASEAN Research Institute President, ASEAN Business Club
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Tan Sri Dr. Munir obtained a B.Sc (Econ) and Ph.D in international relations from the London School of Economic and Political Science (LSE) in 1971 and 1978. He is an Honorary Fellow of LSE and continues the long association with his alma mater as Visiting Senior Fellow at the Centre of International Affairs, Diplomacy and Strategy. Tan Sri Dr. Munir is an associate of Southeast Asia Centre (SEAC) at LSE.
21 August 2017
As appeared in New Straits Times
AMIH creation will deepen information on Asean capital markets – SC chairman
KUALA LUMPUR: The Securities Commission has called for the creation of an Asean Markets Information Hub (AMIH), which could be used towards further deepening of the region’s capital markets.
Executive chairman Tan Sri Ranjit Ajit Singh said there are a myriad of issues that stand in the way of a total Asean capital markets integration and the lack of information is a big portion of that.
“We need to bring together an AMIH, where regulators and the industry themselves put together research and information of their capital markets and big corporates,” he said this morning at CIMB Asean Research Institute (CARI)’s Asean Roundtable Series…
21 August 2017
As appeared in theSundaily
Malaysia economy set to grow higher in 2017
KUALA LUMPUR: Malaysia’s economy is set to grow higher this year with the gross domestic product (GDP) likely to be above five per cent, beating the 4.2% in 2016, said CIMB Group Holdings Bhd Chairman, Datuk Seri Nazir Razak.
Nevertheless, he said, the cautious global economy growth in the second half of this year would provide a limit to the upside trajectory, he said…
21 August 2017
As appeared in theSundaily
Nazir issues ‘call to action’ to Asean
KUALA LUMPUR: CIMB Group chairman Datuk Seri Nazir Razak said Asean needs to focus on more substantive real obstacles to intra-Asean capital flows in both debt and equity markets, such as withholding taxes and settlement processes, and not just high-profile and easier initiatives. At the same time, Asean needs to step up its efforts to promote intra-Asean investment, as most Asean investors tend to instinctively look at developed markets for diversification…
Other related links:
- Asean Business Club Munir-Reduce Income Disparity With GDP Growth – TV3 (21 August 2017)
- CIMB Group 5.8 Percent Growth Shows M’sia’s Economy is Strong – TV3 (21 August 2017)
- CIMB Group 5.8 Percent Growth Shows M’sia’s Economy is Strong – TV3 (21 August 2017)
- CIMB Group 5.8 Percent Growth Shows M’sia’s Economy is Strong – TV1 (21 August 2017)
- Nazir: Fair tax treatment in the Asean capital market is pivotal – The Malay Mail (21 August 2017)
- Malaysia economy set to grow higher in 2017 – The Edge Markets (21 August 2017)
- Asean policymakers need to deepen capital markets – theSundaily (21 August 2017)
- Malaysia economy set to grow higher in 2017 – theSundaily (21 August 2017)
- Asean policymakers need to deepen capital markets – theSundaily (21 August 2017)
- Malaysian economy set to grow in 2017, says Nazir – theSundaily (21 August 2017)
- Nazir issues ‘call to action’ to Asean – theSundaily (21 August 2017)
- AMIH creation will deepen information on Asean capital markets – SC chairman – New Straits Times (21 August 2017)
- Virtual info hub needed to deepen ASEAN capital markets – The Edge Markets (21 August 2017)
- Nazir: Fair tax treatment in the Asean capital market is pivotal – Malay Mail Online (21 August 2017)
- Layanan cukai yang sama dalam pasaran modal Asean – Sinar Harian (21 August 2017)
- Ekonomi Malaysia Kukuh, KDNK Dijangka Lebih 5% – MY News Hub (21 August 2017)
- Tap into the vast Asean market, M’sian firms urged – New Straits Times (22 August 2017)
- Tap into the vast Asean market, M’sian firms urged – The Star (22 August 2017)
- Info hub will deepen ASEAN capital markets – The Star (22 August 2017)
- Cautious optimism on Malaysia’s economic growth – New Straits Times (22 August 2017)
- Fair tax treatment in ASEAN capital market crucial – The Borneo Post (Sabah) (22 August 2017)
- Info hub to unlock Asean capital markets’ potential – The Malaysian Reserve (22 August 2017)
- Malaysia’s GDP likely to moderate in 2H, says Nazir – The Edge Market (22 August 2017)
- Malaysia’s GDP likely to moderate in 2H, says Nazir – The Edge Market (22 August 2017)
- Malaysia’s GDP likely to moderate in 2H, says Nazir – Oriental Daily News (22 August 2017)
- KDNK Malaysia diunjur terus berkembang – Harian Metro (22 August 2017)
- KDNK Malaysia diunjur terus berkembang – Harian Metro (22 August 2017)
- Malaysia economy having a stable foundation – Guang Ming Daily (22 August 2017)
- Malaysia economy having a stable foundation – Kwong Wah Yit Poh (22 August 2017)
- Malaysia economy having a stable foundation – Sin Chew Daily (22 August 2017)
- Nazir: Investment information platforms and tax system should be provided to enhance investment in ASEAN market – Nanyang Siang Pau (22 August 2017)
- Nazir: Investment information platforms and tax system should be provided to enhance investment in ASEAN market – China Press (22 August 2017)
- Virtual information centre needed in ASEAN – China Press (22 August 2017)
- Virtual information centre needed in ASEAN – Sin Chew Daily (22 August 2017)
- Malaysia economy having a stable foundation – Free Malaysia Today (22 August 2017)
- M’sian economy set to grow – Oriental Daily News (22 August 2017)
- Securities Commission calls for establishment of information hub to deepen ASEAN capital market – Oriental Daily News (22 August 2017)
- Securities Commission calls for establishment of information hub to deepen ASEAN capital market – Oriental Daily News (22 August 2017)
- Securities Commission calls for establishment of information hub to deepen ASEAN capital market – The Malaysian Reserve (22 August 2017)