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Tengku Zafrul Aziz

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In this Malay name, there is no surname or family name. The name Tengku Abdul Aziz is a patronymic, and the person should be referred to by their given name, Tengku Zafrul. The word "bin" or "binti"/"binte" means 'son of' or 'daughter of', respectively.
Yang Berhormat Mulia Senator Datuk Seri Utama
Tengku Zafrul Tengku Abdul Aziz
SJMK SPMS SSAP SUMW DPMS DSAP DPNS
تڠکو ظفرول تڠکو عبد العزيز‎
Tengku Zafrul In January 2023
Minister of Investment, Trade and Industry
Incumbent
Assumed office
5 April 2023
MonarchsAbdullah
(2023–2024)
Ibrahim Iskandar
(since 2024)
Prime MinisterAnwar Ibrahim
DeputyLiew Chin Tong
Preceded byPosition established
ConstituencySenator
Minister of International Trade and Industry
In office
3 December 2022 – 5 April 2023
MonarchAbdullah
Prime MinisterAnwar Ibrahim
DeputyLiew Chin Tong
Preceded byAzmin Ali
Succeeded byPosition abolished
ConstituencySenator
Minister of Finance
In office
30 August 2021 – 24 November 2022
MonarchAbdullah
Prime MinisterIsmail Sabri Yaakob
DeputyMohd Shahar Abdullah
Yamani Hafez Musa
Preceded byHimself
Succeeded byAnwar Ibrahim
ConstituencySenator
In office
10 March 2020 – 16 August 2021
MonarchAbdullah
Prime MinisterMuhyiddin Yassin
DeputyAbdul Rahim Bakri
Mohd Shahar Abdullah
Preceded byLim Guan Eng
Succeeded byHimself
ConstituencySenator
Coordinating Minister of the National Recovery Plan
In office
9 July 2021 – 16 August 2021
MonarchAbdullah
Prime MinisterMuhyiddin Yassin
Preceded byPosition established
Succeeded byPosition abolished
ConstituencySenator
Senator
Appointed by the Yang di-Pertuan Agong
Incumbent
Assumed office
3 December 2022
MonarchsAbdullah
(2022–2024)
Ibrahim Iskandar
(since 2024)
Prime MinisterAnwar Ibrahim
In office
10 March 2020 – 5 November 2022
MonarchAbdullah
Prime MinisterMuhyiddin Yassin
(2020–2021)
Ismail Sabri Yaakob
(2021–2022)
State Treasurer of the Barisan Nasional of Selangor
Incumbent
Assumed office
31 July 2022
National ChairmanAhmad Zahid Hamidi
State ChairmanNoh Omar
(2022)
Megat Zulkarnain Omardin
(since 2022)
Preceded byJamal Md Yunos
State Treasurer of the
United Malays National Organisation of Selangor
In office
11 April 2023 – 1 April 2024
PresidentAhmad Zahid Hamidi
State ChairmanMegat Zulkarnain Omardin
Division Chief of the
United Malays National Organisation of Kota Raja
Incumbent
Assumed office
18 March 2023
PresidentAhmad Zahid Hamidi
DeputyAbdul Raof Mokhtar
Preceded byKamaruzzaman Johari
Personal details
Born
Tengku Zafrul bin Tengku Abdul Aziz

(1973-06-25) 25 June 1973 (age 51)
Kuala Lumpur, Malaysia
Political partyUnited Malays National Organisation (UMNO)
(since 1997)
Other political
affiliations		Barisan Nasional (BN)
(since 1997)
Spouse
Raja Datin Seri Utama Johanna Adrina Raja Arshad
​
​
(m. 2011)​
RelationsHouse of Langkat, Sumatera[1]
House of Deli, Sumatera
Tengku Haris Tengku Hafas[2] (grandfather)
Tengku Pangeran Tengku Hafas Tengku Ismail[3] (great-grandfather)
Pangeran Nara Kelana Tengku Ismail Soeloeng Laoet Usman Perkasa Alam Shah aka Tengku Ismail Sulung Laut[4] (great-great-grandfather)
Sultan Usman Perkasa Alam Shah – Deli 7 (1824-1857)[5] (father of great-great-grandfather)
Children4
Parent(s)Raja Datuk Zaharaton Raja Zainal Abidin (mother)
Tengku Abdul Aziz Tengku Haris (father)
EducationSri Petaling Primary School
Bukit Bintang Boys' School
Malay College Kuala Kangsar
Alma materUniversity of Bristol
(BSc in Economics and Accounting)
University of Exeter
(MA in Finance and Management)
Tsinghua University
(MBA)
Occupation
  • Politician
  • investor

Tengku Zafrul bin Tengku Abdul Aziz (Jawi: تڠکو ظفرول بن تڠکو عبد العزيز, Malay pronunciation: [tengku zafrul]; born 25 June 1973) is a Malaysian politician, banker and investor who has served as the Minister of Investment, Trade and Industry in the Unity Government administration under Prime Minister Anwar Ibrahim since April 2023. He is a member of the United Malays National Organisation (UMNO), a component party of the BN coalition. He is currently a Member of the UMNO Supreme Council since March 2023.[6]

Early life and education

[edit]

Tengku Zafrul was born on 25 June 1973 and is the eldest of four siblings.[7] His mother, Raja Datuk Zaharaton Raja Zainal Abidin, is the former Director-General Of the Economic Planning Unit (EPU) of the Prime Minister's Department of Malaysia and his father, Tengku Abdul Aziz Tengku Haris, is a businessman.[7]

Tengku Zafrul began his early education at Sri Petaling Primary School and Bukit Bintang Primary School.[8] He continued his studies at Malay College Kuala Kangsar and then studied A-Level at Sherborne School in Dorset, United Kingdom.[9] He graduated from the University of Bristol, UK with a Bachelor of Science (Hons) in economics and accounting, and obtained a Master of Arts (MA) in Finance and Management from the University of Exeter, UK.[10] From 2017 to 2019, Tengku Zafrul completed his second master's degree in business administration (MBA) at Tsinghua University PBCSF (People's Bank of China School of Finance).[11] He is also a Fellow Chartered Banker with the Asian Institute of Chartered Bankers.[12]

Corporate career

[edit]

Zafrul started out as a corporate finance executive in AmInvestment Bank in 1996. He then joined Crédit Agricole as an investment analyst, moving up to director within a few years. Succeeding this, he became the advisor to the president of Tenaga Nasional Berhad. Zafrul then joined CIMB Investment Banking, after which he was appointed as group managing director of Avenue Capital Resources (now ECM Libra), a listed company specialising in financial services i.e. investment banking and fund management. He was also chief executive officer of Avenue Securities and the chairman of Avenue Asset Management. Zafrul then went on to become the head of investment banking for Citigroup Malaysia.

He is also the main investor behind Tune Money Sdn Bhd, Asia's first "no-frills" online financial service provider as well as its CEO and substantial shareholder. Following that, Zafrul was appointed as group director of Kenanga Holdings Berhad and director of Kenanga Investment Bank Berhad. Prior to assuming his most recent role with CIMB, Zafrul was the chief executive officer of Maybank Investment Bank, the fully owned investment banking arm of Malayan Banking Berhad, Malaysia's flagship financial services player. The acquisition of Kim Eng Holdings Limited (Kim Eng) by the Maybank Group in 2011 resulted in the combined entity of Maybank IB and Kim Eng, known regionally as Maybank Kim Eng, of which Zafrul was also CEO. On 9 March 2020, Tengku Zafrul announced his resignation as CIMB group chief executive officer before being appointed minister of finance.[13]

Other positions

[edit]
  1. AmInvestment Bank (corporate finance executive) (June 1996 – April 1997)[14]
  2. Credit Agricole (investment analyst and director) (May 1997 – August 1998) & (July 1999 – March 2001)[14]
  3. Tenaga Nasional Bhd (president's advisor) (March 2001 – September 2002)[14]
  4. CIMB Investment Bank Berhad (director, "client coverage") (September 2002 – April 2003)[14]
  5. Avenue Capital Resources Bhd/Avenue Securities (now ECM Libra) (chief executive officer and chairman) (2003–2006)[14]
  6. Citigroup Malaysia (head of investment banking) (April 2006 – March 2007)[14]
  7. Tune Money (chief executive officer) (March 2007 – December 2008)[14]
  8. Kenanga Holdings Berhad and Investment (group director) (January 2009 – June 2010)[14]
  9. Maybank Investment Bank Berhad and Maybank Kim Eng Holdings (chief executive officer) (June 2010 – December 2013)[14]
  10. CIMB Investment Bank Berhad (chief executive officer and co-chairman of corporate solutions) (2014–2016)[14]
  11. CIMB Bank Berhad (chief executive officer) (2014–2015)[14]
  12. CIMB Group Holdings Berhad (group chief executive officer) (February 2015 – 9 March 2020)[14]

Recognition and awards

[edit]

Throughout his career, Zafrul was awarded with numerous Prestigious Awards including ASEAN CEO Award by Technology Business Review (2008).[15] He also was given the Malaysian Business Leadership Award in the year 2009.[15] Most Promising Entrepreneurship Awards by Enterprise Asia (2008)[15] and the Malaysian Business Leadership Award by The Leaders Magazine. Most recently, he was awarded the Masterclass CEO of the Year in the 7th Global Leadership Award organised by the American Leadership Development Association (2017) and the Best Chief Executive Officer for Investor Relations by the Malaysia Investor Relations Association (2017). Tengku Zafrul has also bagsed TalentCorp's Life at Work 2019 Award for the CEO category of Malaysian organizations.[16]

Television and other media

[edit]

Tengku Zafrul was one of the judges of the corporate reality television series The Firm.[11] The show premiered prime time nationwide on NTV7 and Astro's Channel 7 in Malaysia in 2007.[11] As one of the three millionaire judges on The Firm, the other two beings Peter Pek and Chan Boon Yong, he is considered one of Malaysia's few corporate celebrities. He has also appeared in advertisements for Tune Money. On 4 July 2020, Tengku Zafrul became a Special Guest on TV3's Money Matters program.[17]

Year Title Role Note
2007 The Firm Himself As a jury (Season 1 & 2)
2020 Money Matters Himself As a special guest

Political career

[edit]

On 9 March 2020, Tengku Zafrul was appointed in Muhyiddin's cabinet as Minister of Finance after being made a Senator.[18][14] He is a Senator from March 2020 to his resignation in November 2022 and again since December 2022. Prior to his political appointments, he was the Chief Executive Officer (CEO) and Executive Director of the CIMB Group Holdings Berhad.[12] He was also CEO and executive director of the CIMB Bank Berhad[19] and president commissioner of the PT Bank CIMB Niaga Tbk.[18]

Minister of Finance

[edit]

He started his first term from March 2020 to August 2021 as well as Coordinating Minister of the National Recovery Plan from July 2021 to August 2021 in the Perikatan Nasional (PN) administration under former prime minister Muhyiddin Yassin and later for his tenure for the second term in the Barisan Nasional (BN) administration under former prime minister Ismail Sabri Yaakob from August 2021 to November 2022. As he was not an elected Member of Parliament (MP), he was appointed as an independent Senator twice in March 2020 and again in December 2022, in order to assume his duties as the first technocratic Minister of Finance in March 2020 as he was also the first independent individual in terms of active political party association, to be appointed minister of finance in the Malaysian history. He embarked on a task to assist the people and industry in the implementation of the Prihatin Rakyat Economic Stimulus Package during the outbreak of the COVID-19 pandemic in Malaysia.[20] Tengku Zafrul also explains the economic recovery plan will be announced after Aidilfitri to revive the affected economy of Malaysia.[21][22] Under the Short-Term Economic Recovery Plan (PENJANA), Tengku Zafrul has launched the ePenjana credit program worth RM750 million to aimed at boosting consumer spending in Malaysia.[23] On 6 November 2020, Tengku Zafrul presented the 2021 budget in the Parliament to ensure that the economy revives and benefits the people.

In June 2022, Tengku Zafrul announced the largest subsidies and cash aid package in Malaysian history (77.3 billion ringgit) for the year 2022, in order to temper the effect of inflation.[24]

Minister of International Trade and Industry

[edit]

He first served as Minister of International Trade and Industry in the PH administration under Prime Minister Anwar from December 2022 to April 2023, before the ministry was renamed to Investment, Trade, and Industry.[25]

UMNO and BN

[edit]

Tengku Zafrul has also served as the State Treasurer of BN of Selangor since July 2022 and Division Chief of UMNO of Kota Raja since March 2023. He served as State Treasurer of UMNO of Selangor from April 2023 to his resignation in April 2024. His appointment as the State Treasurer of BN of Selangor in July 2022 marks the start of his involvement in active politics. He resigned as the Selangor UMNO Treasurer in April 2024.[26][27][28][29] Currently, Tengku Zafrul is also a member of the UMNO Supreme Council after he won the post in the 2023 United Malays National Organisation leadership election.

Personal life

[edit]

Tengku Zafrul is married to Raja Datin Seri Utama Johanna Adrina Raja Arshad, a member of Selangor and Negeri Sembilan royal family. The couple have two daughters and two sons.[7][30]

Since his school days, Tengku Zafrul was interested in sports such as hockey and ran for recreation.[11] During his first year at the University of Bristol, his main transportation was by bicycle.[11] His interests include keeping fit through running, cycling and swimming, and developing the youth through his participation in various organisations such as the Kalsom Movement and Teach for Malaysia. He has completed all six marathons under the Abbott World Marathon Majors.[31] He is also a fan of the football club, Liverpool F.C., which plays in the English Premier League.

Election results

[edit]
Parliament of Malaysia
Year Constituency Candidate Votes Pct Opponent(s) Votes Pct Ballots cast Majority Turnout
2022 P096 Kuala Selangor Tengku Zafrul Aziz (UMNO) 30,031 34.73% Dzulkefly Ahmad (AMANAH) 31,033 35.88% 86,481 1,002 84.00%
Mohd Noor Mohd Sahar (PAS) 23,639 27.33%
Mohd Shaid Rosli (PEJUANG) 1,778 2.06%

Honours

[edit]

Honours of Malaysia

[edit]

Foreign honours

[edit]

References

[edit]
  1. ^ Scheduled conferred in 2022 but Tengku Zafrul was busy campaigning for the 15th general election so the honour was officially conferred in 2023.
  1. ^ Shah, Shanon. "Getting our act together". The Nut Graph. Retrieved 11 December 2022.
  2. ^ "Tengku Haris Tengku Hafas". Geni.com. 29 April 2022. Retrieved 15 December 2022.
  3. ^ "Tengku Pangeran Tengku Hafas Tengku Ismail". Geni.com. 29 April 2022. Retrieved 15 December 2022.
  4. ^ "Tengku Ismail Sulung Laut". Geni.com. 28 April 2022. Retrieved 15 December 2022.
  5. ^ "Sultan Usman Perkasa Alam Shah – Deli 7 (1824-1857)". Geni.com. 29 April 2022. Retrieved 15 December 2022.
  6. ^ "Tengku Zafrul appointed Umno Supreme Council member". New Straits Times. 16 February 2023. Retrieved 16 October 2023.
  7. ^ a b c "Pelantikan Tengku Zafrul berbeza daripada amalan". Harian Metro. 9 March 2020. Retrieved 7 June 2020.
  8. ^ "Tengku Zafrul tekad beri perkhidmatan terbaik". www.bharian.com.my. 9 March 2020. Retrieved 4 July 2020.
  9. ^ "Biodata Menteri Kewangan Malaysia 2020: Tengku Zafrul Aziz". www.iluminasi.com. 10 March 2020. Retrieved 5 July 2020.
  10. ^ Ravi Velloor (9 July 2017). "In Good Company: Marathon man Zafrul Aziz sets CIMB up for long haul". The Straits Times. Retrieved 7 June 2020.
  11. ^ a b c d e "8 Things About Our New Finance Minister And What He's Bringing to the Table". Vulcan Post. 10 March 2020. Retrieved 3 May 2020.
  12. ^ a b "2019 Speakers". www.coolerearth.cimb.com. 24 July 2020. Retrieved 24 July 2020.
  13. ^ "Zafrul quits CIMB CEO post". www.thestar.com.my. 10 March 2020. Retrieved 1 August 2020.
  14. ^ a b c d e f g h i j k l m "SENARAI KABINET 2020". www.bharian.com.my. 13 March 2020. Retrieved 5 July 2020.
  15. ^ a b c "Tengku Zafrul Tengku Abdul Aziz". www.uschos.com. 2020. Retrieved 6 May 2020.
  16. ^ "Tengku Zafrul bags TalentCorp's Life at Work 2019 award". www.theedgemarkets.com. 17 July 2020. Retrieved 20 July 2020.
  17. ^ Mohd Nasaruddin, Parzi (19 November 2010). "Pelancongan domestik rancakkan ekonomi". www.bharian.com.my. Retrieved 4 July 2020.
  18. ^ a b Shukry, Anisah; Ngui, Yantoultra (9 March 2020). "Malaysia Picks Bank CEO as Finance Minister in New Cabinet". Bloomberg. Retrieved 5 May 2020.
  19. ^ "CIMB Group – Board of Directors". cimb.com. Retrieved 23 January 2019.
  20. ^ "Malaysia: The PRIHATIN Rakyat Economic Stimulus Package". www.bakermckenzie.com. 31 March 2020. Retrieved 6 May 2020.
  21. ^ "Pelan pemulihan ekonomi diumum selepas Aidilfitri – Tengku Zafrul". www.astroawani.com. 5 March 2020. Retrieved 1 August 2020.
  22. ^ "PM to launch short-term economic recovery plan this month, says Tengku Zafrul". www.theedgemarkets.com. 2 June 2020. Retrieved 1 August 2020.
  23. ^ "MoF's ePenjana programme". www.thestar.com.my. 31 July 2020. Retrieved 1 August 2020.
  24. ^ "Malaysia plans record $18 billion subsidy spend in inflation fight". Reuters. 25 June 2022. Retrieved 26 June 2022.
  25. ^ NST (2 December 2022). "Zafrul is International Trade and Industry Minister". New Straits Times. Retrieved 2 January 2023.
  26. ^ "Tengku Zafrul resigns as Selangor Umno treasurer". The Star. 1 April 2024. Retrieved 1 April 2024.
  27. ^ "Tengku Zafrul now Selangor BN treasurer". The Star. 31 July 2022. Retrieved 1 August 2022.
  28. ^ "Zafrul appointed Selangor Umno treasurer". The Star. 12 April 2023. Retrieved 12 April 2023.
  29. ^ "BERNAMA - UMNO POLLS (DIVISION CHIEFS): SAARANI, TENGKU ZAFRUL WIN UNOPPOSED, KHIR TOYO REAPPEARS". Bernama. 1 March 2023. Retrieved 28 June 2023.
  30. ^ "Cantiknya Isteri Menteri Kewangan! Anak 4 Tapi Maintain Muda, Rupanya Amalkan Petua Semula Jadi Je". Nona. 29 May 2020. Retrieved 7 June 2020.
  31. ^ "Abbott World Marathon Majors". World Marathon Majors. Retrieved 23 January 2019.
  32. ^ Nair, Vijenthi (1 February 2021). "Yang di-Pertua Negeri Sabah, Penang head FT Day honours list". The Star Online. Retrieved 1 February 2021.
  33. ^ Ibrahim, Mohd Iskandar; Sulaiman, Noor Atiqah (1 February 2021). "Seramai 335 terima darjah kebesaran sempena Hari Wilayah". Berita Harian (in Malay). Retrieved 1 February 2021.
  34. ^ Hadir, Shawaliah (1 February 2021). "Tengku Zafrul antara 6 penerima Darjah Kebesaran Pangkat Pertama sempena Hari WP". MalaysiaGazette (in Malay). Retrieved 1 February 2021.
  35. ^ "Sultanah Kelantan dahului senarai penerima darjah kebesaran". Sinar Harian (in Malay). 12 November 2022. Retrieved 12 November 2022.
  36. ^ a b c d "SEMAKAN PENERIMA DARJAH KEBESARAN, BINTANG DAN PINGAT". Prime Minister's Department (Malaysia). Retrieved 23 December 2020.
  37. ^ "769 receive state awards, medals from N.Sembilan ruler". Bernama. The Sun Daily. 14 January 2014. Retrieved 1 February 2021.
  38. ^ Han Sean, Ong; Tariq, Qishin (25 October 2015). "Sultan Ahmad: Don't get involved with IS militant group". The Star Online. Retrieved 1 February 2021.
  39. ^ "Tengku Zafrul heads list of Selangor award recipients". The Edge Markets. 11 December 2022. Retrieved 11 December 2022.
  40. ^ "DPMS 2016". awards.selangor.gov.my. Retrieved 8 December 2022.
  41. ^ "Monaco's Prince Albert II accorded state welcome at Istana Negara". Malay Mail. 27 November 2023. Retrieved 27 November 2023.
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