CIMB management reshuffle


  • Business
  • Tuesday, 20 Nov 2018

CIMB Group is the fifth largest banking group in Asean (by assets), with an extensive regional footprint and a commendable universal-banking franchise.

PETALING JAYA: CIMB GROUP HOLDINGS BHD has announced a reshuffling and new appointments to its top management, which is expected to drive the CIMB group to meet its strategic priorities, going forward.

Omar Siddiq, formerly wholesale banking head at RHB Bank Bhd, has been appointed as CIMB Group’s chief operating officer.

Effective Nov 26, 2018, Omar will manage and provide oversight in CIMB Group’s finance, technology and operations divisions.

Omar had previously served at Malaysia Airlines Bhd and Khazanah Nasional Bhd.

Meanwhile, current CIMB Group chief financial officer (CFO) Shahnaz Jammal will take on the role of CEO of group wholesale banking.

CIMB Malaysia and CIMB Islamic Bank Bhd CFO Khairulanwar Rifaie will succeed Shahnaz as group CFO.

Additionally, CIMB Group has established a new division known as Group Ventures and Partnerships, which will be headed by Effendy Shahul Hamid and focus on various digital partnerships and ecosystems.

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

Shahnaz, Khairulanwar, Effendy and Gurdip will commence their new roles on Jan 1, 2019.

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.

The new appointments come as part of CIMB Group’s long-term strategy to remain strong against a rapidly-evolving operational landscape.

Group CEO Tengku Datuk Seri Zafrul Aziz said the T18 targets have significantly strengthened the bank’s foundation and helped complete its Asean footprint.

“Moving forward, customers will remain our top priority, as we transform to further propel growth across all businesses and geographies.

“Our people continue to be our most valuable strategic asset, and I am confident that this top management blend of existing and fresh talent will enable the group to stay competitive as a leading universal bank in Asean,” he said.

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