Change is part of succession plan

KUALA LUMPUR, Feb 21 (Bernama) -- CIMB Group (“CIMB” or “the Group”) today announced the appointment of Jefferi M. Hashim as the CEO of CIMB Investment Bank Berhad with effect from 1 March 2019.

Jefferi joined CIMB in September 2017, bringing with him over 20 years of investment banking experience from a number of financial MNC’s in areas such as Equity Capital Markets, Debt Restructuring, Mergers & Acquisitions and various other related financial advisory services. He had also served in the Economic Planning Unit under the Prime Minister’s Office of Malaysia. Jefferi graduated with a First Class Honours in Economics from Queen's University, Kingston, Canada. He is currently the Deputy Head of Senior Bankers Group and Deputy CEO of CIMB Investment Bank.

Group Chief Executive, CIMB Group, Tengku Dato’ Sri Zafrul Aziz said, "I am very pleased to have Jefferi helm CIMB’s Investment Banking business. I am confident that with his leadership and experience, CIMB will continue to deliver great value to our customers, build our Investment Banking franchise and solidify our position as the leading investment bank in ASEAN.”

Following the announcement of Jefferi’s appointment, the Group also announced the departure of Dato’ Kong Sooi Lin, who has decided to retire after serving CIMB in various capacities for over 25 years. She has contributed significantly to entrenching CIMB as one of the top investment banking houses domestically and across ASEAN, as reflected by the numerous deal and house awards won annually. Dato’ Kong also holds the position of Group Head of Investment Banking through which she has developed greater client confidence in CIMB’s advisory, sectoral expertise, and debt and equity financial solutions. As Group Head of Private Banking, Dato’ Kong transformed the group’s regional private banking business into a profitable franchise across ASEAN.

“I would also like to thank Dato’ Kong Sooi Lin for her contribution as CEO of CIMB Investment Bank. She has helped CIMB achieve many major milestones during her term, and helped steer CIMB’s Investment Banking to where it is today. We wish her well in all her future endeavours.”

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 and asset management products and services. Headquartered in Kuala Lumpur, the Group is present in all 10 ASEAN nations (Malaysia, Indonesia, Singapore, Thailand, Cambodia, Brunei, Vietnam, Myanmar, Laos and Philippines). 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 800 branches as at 30 September 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 around 600 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 94.8% 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 RM56.3 billion as at 30 September 2018. The Group has around 36,000 employees located in 16 countries.

Source: CIMB Group

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

--BERNAMA