KUALA LUMPUR, Jan 25 (Bernama) -- CIMB Group (“CIMB” or “the Group”) on 22 January 2021 announced the appointment of Paul Wong Chee Kin as President & CEO of CIMB Thai, effective 1 February 2021. He succeeds Sutee Losoponkul, who was Acting President & CEO since September 2020 following the departure of the previous CEO, Adisorn Sermchaiwong. Sutee will remain with CIMB Thai and assume the role as Advisor to the President & CEO up to 31 December 2021. These appointments have received approval from the Bank of Thailand.

Paul is currently CIMB’s Group Chief Operations Officer, overseeing activities across functions in the areas of payments and digitalisation as well as strategy, customer delivery and process improvements. With more than 25 years of experience in banking and finance in ASEAN, Paul brings with him deep insight and knowledge of the industry and region. Paul started his career at CIMB Group in 2007 as Senior Vice President, Head of Sales Management – Consumer Sales & Distribution of CIMB Bank Berhad and has been assigned to various positions within the Group including stints in the Philippines and Singapore. He has a strong track record in strategic projects regionally, in digitalisation and transformation, and brings indepth functional experience in operations, having successfully led and transformed Group Operations. Paul also served on the Board of Directors for Principal Asset Management Berhad.

Prior to CIMB, Paul served in various capacities in several financial institutions in both Malaysia and Singapore. 

Datuk Mohd Nasir Ahmad, Chairman of CIMB Group said, “Paul is a proven senior talent in CIMB having served in various capacities across the Group for 13 years and I am delighted to welcome him to the role. Thailand is a strategic market for CIMB as we work towards our vision to be the leading focused ASEAN bank. His extensive industry and management experience will be instrumental in driving our ambitions and plans to build an even stronger and sustainable CIMB franchise for the benefit of our clients.”

“On behalf of CIMB Group and the Board of Directors of CIMB Thai, I would like to extend my sincere thanks and appreciation to Mr. Sutee Losoponkul for his dedication and contribution to the Bank’s smooth and efficient business operation during the transition. I am also pleased that Sutee will remain as Advisor to ensure a seamless transition,” added Datuk Mohd Nasir.

About CIMB Group
CIMB is one of ASEAN’s leading universal banking groups and Malaysia’s second largest financial services provider, by assets. Listed on Bursa Malaysia via CIMB Group Holdings Berhad, it had a market capitalisation of approximately RM42.7 billion as at 31 December 2020. It offers consumer banking, commercial banking, wholesale banking, transaction 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 has one of the most extensive retail branch networks in ASEAN with 668 branches and around 34,000 employees as at 31 December 2020. The Group’s investment banking arm is one of the largest Asia Pacific-based investment banks, while it offers comprehensive research coverage of around 950 stocks in the region via its CGS-CIMB joint venture. CIMB is also the 92.5% shareholder of Bank CIMB Niaga in Indonesia, and 94.8% shareholder of CIMB Thai in Thailand.

SOURCE: CIMB Group

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Lynn Guha Thakurta / Juanita Johari
Group Corporate Communications
CIMB Group Holdings Berhad
Email: lynn.thakurta@cimb.com / juanitajohari@cimb.com

--BERNAMA