Adisorn Sermchaiwong as President and Chief Executive Officer for CIMB Thai Bank PCL ("CIMB Thai")

KUALA LUMPUR, Oct  21 (Bernama) -- CIMB Group (“CIMB” or “the Group”) today announced the appointment of Adisorn Sermchaiwong as President and Chief Executive Officer for CIMB Thai Bank PCL (“CIMB Thai”), effective 19 October 2019. The appointment is part of the Group’s long-term strategy to ensure that its franchise as a leading ASEAN multinational will continue to remain strong against a fast-evolving and challenging operational landscape. Adisorn succeeds Kittiphun Anutarasoti who will not be continuing at the expiry of his current contract.

Adisorn has been with the Group for seven years. He brings with him a strong track record in banking and finance, in the areas of asset/investment management, wealth management, channels and retail banking, across the Thai and regional markets. He will build on the momentum of the bank’s Forward transformation, as successfully established by his predecessor.

Prior to this appointment, Adisorn held the position of Acting President/CEO. He joined CIMB Thai as Head of Consumer Banking. During his tenure as Head of Consumer Banking, Adisorn successfully transformed a loss making franchise into the largest revenue contributor to CIMB Thai today.

As Acting President/CEO, he further strengthened the collaboration across teams and drove better accountability for delivery.

Group CEO, CIMB Group, Tengku Dato’ Sri Zafrul Aziz said, “I am delighted to welcome Adisorn to the role. Thailand is a strategic market for CIMB and we are pleased to appoint an internal CIMB talent to head our business. His extensive industry and management experience, coupled with his thorough understanding of the local market, will be instrumental in driving our ambitions and plans to build an even stronger and sustainable CIMB franchise for the benefit of our clients.”

He added, “I would also like to thank outgoing CEO Kittiphun Anutarasoti, an exceptional business leader who has transformed CIMB Thai. His commitment to serving the long term interests of the company has materially strengthened CIMB Thai and he leaves a more agile and resilient franchise well placed to win in this fast changing dynamic market.”

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 740 branches as at 30 June 2019. 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 RM52.3 billion as at 30 June 2019. The Group has over 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