Awards include Achievement in Enterprise Risk Management and Chief Risk Officer of the Year
 
 
KUALA LUMPUR, June 17 (Bernama) -- CIMB Group Holdings Berhad (“CIMB” or “the Group”) was recently awarded with Achievement in Enterprise Risk Management and Chief Risk Officer of the Year (for David Richard Thomas) at The Asian Banker Risk Management Awards 2018, and The Asian Banker Risk Leadership Achievement Awards 2018 respectively. The Asian Banker Risk Management Awards are designed to identify emerging best practices and outstanding achievements of the best run risk management teams in financial institutions.
 
Tengku Dato’ Sri Zafrul Aziz, Group CEO of CIMB Group said, “We are honoured to have received these awards by The Asian Banker and proud to have David Richard Thomas win the Chief Risk Officer 2018 title. These awards are testament to CIMB's strong risk governance, leadership and ongoing commitment in adopting risk management best practices across our businesses and operations in ASEAN. Our robust risk management system has played a significant role in setting CIMB Group on the path of sustainable growth, which will, in turn, provide greater long-term value to all our stakeholders.”
 
CIMB has employed the Enterprise-Wide Risk Management Framework (EWRM) as a standardised approach to effectively manage its risks and opportunities. EWRM provides an overview of each identified risk to promote clear and accountable risk management processes and facilitates readiness and compliance to regulatory requirements. Under CIMB’s EWRM, business units have increased their accountability for risk taking activities which is in line with the Group’s three-lines-of-defence philosophy for risk management.
 
The Chief Risk Officer of the Year recognised David Richard Thomas’ leadership, which has successfully aligned CIMB's strategy and business plans with its risk appetite. Thomas spearheaded a number of instrumental projects to strengthen the risk management framework and processes within CIMB Group, which include the capital and risk-weighted assets optimisation project, the risk adjusted return on capital project and the early warning indicator process. Under Thomas’ leadership, CIMB Group has also recalibrated and evolved its forward-looking risk profile effectively. His other contributions include the introduction of an annual risk posture workshop with the board, to highlight the importance of linking risk to strategy and capital.
 
About CIMB Group
 
CIMB Group is one of ASEAN’s leading universal banking groups and is Malaysia’s second largest financial services provider, by assets. It offers consumer banking, commercial banking, investment banking, Islamic banking, asset management and insurance products and services. Headquartered in Kuala Lumpur, the Group is now present in nine out of 10 ASEAN nations (Malaysia, Indonesia, Singapore, Thailand, Cambodia, Brunei, Vietnam, Myanmar and Laos). Beyond ASEAN, the Group has market presence in China, Hong Kong, India, Sri Lanka, Korea, the US and UK.
 
CIMB Group has the most extensive retail branch network in ASEAN of around 850 branches as at 31 March 2018. CIMB Group’s investment banking arm is also one of the largest Asia Pacific-based investment banks, offering amongst the most comprehensive research coverage of more than 700 stocks in the region.
 
CIMB Group operates its business through three main brand entities, CIMB Bank, CIMB Investment Bank and CIMB Islamic. CIMB Group is also the 92.5% shareholder of Bank CIMB Niaga in Indonesia, and 94.1% shareholder of CIMB Thai in Thailand.
 
CIMB Group is listed on Bursa Malaysia via CIMB Group Holdings Berhad. It had a market capitalisation of approximately RM 66.1 billion as at 31 March 2018. The Group has around 37,000 employees located in 15 countries.
 
Source : CIMB Group

FOR MORE INFORMATION, PLEASE CONTACT: 
Name : Suria Zainal
Group Corporate Communications 
Group CEO’s Office
CIMB Group Holdings Berhad
Tel : +603 - 2261 0638 
Email : suriawati.zainal@cimb.com 

--BERNAMA