KUALA LUMPUR, March 10 (Bernama) -- CIMB Group Holdings Berhad (“CIMB” or “the Group”), on 9 March 2020 announced that Tengku Dato’ Sri Zafrul has resigned as its Group CEO and CEO of CIMB Bank Berhad with immediate effect. Tengku Dato’ Sri Zafrul has also resigned from all other board positions on the same date.
 
The Chairman of CIMB Group Holdings Berhad, Datuk Mohd Nasir Ahmad said, “Tengku Zafrul has served the Group for six years, when he re-joined in 2014.  He has done an outstanding job, shaping CIMB’s transformation under our T18 and Forward23 strategic plans. His energy and commitment to CIMB will be difficult to match but he leaves behind a better organization with a stronger footing where he has united and instilled a strong CIMB culture. On behalf of the Board I would like to thank Tengku Zafrul for all his contributions to the Group and wish him well in his next role.”
 
The CIMB Group Board (“the Board”) has appointed Omar Siddiq, currently the Group Chief Operating Officer, as Officer-in-Charge for CIMB Group and CIMB Bank Berhad, with immediate effect. The Board has begun its succession plan. 
 
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, Korea, the US and UK. 
 
CIMB Group has one of the most extensive retail branch networks in ASEAN with 702 branches as at 31 December 2019. The Group’s investment banking arm is one of the largest Asia Pacific-based investment banks, while it offers comprehensive research coverage around of 950 stocks in the region via its CGSCIMB joint venture. 
 
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 RM51.1 billion as at 31 December 2019. The Group has around 35,000 employees located in 15 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