KUALA LUMPUR, Feb 4 (Bernama) — CIMB Group (“CIMB” or “the Group”) today announced the completion of the sale of its 100% equity interest in CIMB Southeast Asia Research Sdn. Bhd. (“CARI”). CARI was set up in 2011 to support ASEAN economic integration agenda by way of policy research and policy advocacy. The new owner of CARI, Tan Sri Dr. Mohd Munir bin Abdul Majid, its current Chairman, intends to continue with the think tank’s research and advocacy work.
CARI publishes industry-focused policy and position papers providing policy recommendations aimed at narrowing policy gaps in ASEAN. Many of its papers have been submitted to ASEAN Leaders, Ministers and ASEAN bodies and included in official ASEAN documents. Based in Kuala Lumpur, it has a wide network of partners spanning across ASEAN, Asia Pacific, North America and Europe.