CIMB makes new top management appointments

CIMB Group Holdings Bhd is said to be hiring Rafe Haneef from HSBC Amanah Malaysia Bhd to lead its Islamic banking unit.

KUALA LUMPUR: CIMB Group has announced changes and new appointments to its top management, with its current group chief financial officer (CFO) Shahnaz Jammal due to relinquish his current position to become CEO of the group’s wholesale banking business.

Khairulanwar Rifaie, who is currently the CFO of CIMB Malaysia and CIMB Islamic Bank Bhd will succeed Shahnaz as group CFO. 

In a statement Monday, CIMB said Effendy Shahul Hamid, currently the CEO of group asset management and investments, would focus on various digital partnerships and ecosystems as the CEO of group ventures and partnerships, a new division.

The bank has also appointed Gurdip Singh group chief strategy and design officer, with additional responsibilities in customer experience, customer journey, sustainability and branding.

The changes will take effect on Jan 1, 2019.

CIMB said the new line up, consisting of existing and fresh talent, will help drive the group to meet its strategic priorities going forward.

Victor Lee Meng Teck will be joining CIMB on Jan 17, 2019 to oversee the group’s commercial banking and transaction banking businesses. Lee brings with him 20 years of extensive experience at various global financial firms.

CIMB has also appointed Omar Siddiq as group chief operating officer, to add to its management bench strength. Effective Nov 26, 2018, Omar will manage and provide oversight in the group’s finance, technology and operations divisions. 

Prior to this, Omar was head of group wholesale banking at a regional banking group and had also served at Malaysia Airlines Bhd and Khazanah Nasional Bhd.