KUALA LUMPUR, March 13 (Bernama) -- CIMB Group Holdings Berhad (“CIMB” or “the Group”), announced that it has activated its succession plan for the role of Group CEO and CEO, CIMB Bank Berhad. The appointment is to replace YBM Tengku Dato’ Sri Zafrul Tengku Abdul Aziz, who relinquished his position to join the Malaysian government as the Minister of Finance. This process will be managed by the Board with the appointment subject to the approval of Bank Negara Malaysia.

Datuk Mohd Nasir Ahmad, Chairman of CIMB Group said, “To ensure the robustness of the plan, we will be looking at a range of qualified candidates. The candidate needs to be visionary with a proven track-record and the strategic expertise to steer our Group, especially as we navigate increasingly challenging market conditions. We look forward to complete the process as soon as possible.”

“In the interim, the senior management team, with the full support of the Board, will ensure our business moves forward and execute all plans laid out under our mid-term growth strategy, Forward23. Together, we will continue to meet our customers’ needs during these uncertain economic conditions,” added Datuk Nasir.

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 CGS-CIMB 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: Lynn Guha Thakurta
Group Corporate Communications
CIMB Group Holdings Berhad
Tel: +603 - 2261 0630
Email: lynn.thakurta@cimb.com

Name: Juanita Johari
Group Corporate Communications
CIMB Group Holdings Berhad
Tel: +603 - 2261 0634
Email: juanita.johari@cimb.com

--BERNAMA