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KUALA LUMPUR: CIMB Group Holdings Bhd
has appointed Novan Amirudin as its group chief executive officer (CEO), effective July 1, 2024, succeeding Datuk Abdul Rahman Ahmad.
Abdul Rahman is stepping down on June 30 after serving the group for four years since 2020.
Novan is currently the co-CEO of group wholesale banking (GWB) as well as the CEO of CIMB Investment Bank Berhad, where he is responsible for group corporate banking, group investment banking, group private banking, corporate and public sector coverage.
A chartered accountant, Novan has more than 20 years’ experience in banking and advisory across Malaysia, Indonesia and Singapore.
Prior to joining CIMB, Novan spent close to 16 years with J.P. Morgan, with his last position being head of equity capital markets, Southeast Asia and head of investment banking, Malaysia. Prior to J.P. Morgan, Novan was with PwC, specialising in corporate finance advisory.
“I am pleased to welcome Novan Amirudin as group CEO of CIMB. He is an experienced banker who has excelled in strategic leadership and demonstrated a strong track record in organisational transformation and driving results.
“Novan’s appointment will also provide continuity of strategy and execution, leveraging on the strong platform built on the success and achievements of CIMB’s Forward23+ Strategic Plan,” chairman Datuk Mohd Nasir Ahmad said in a statement.
To support Novan, CIMB also announced the appointment of Gurdip Singh Sidhu as CEO of CIMB Bank and Malaysia.
Gurdip Singh Sidhu
In his new role, Gurdip will be primarily responsible for the day-to-day management of CIMB’s home market and core operating geography.
Having spent close to 18 years at CIMB in various senior leadership roles, he is currently the chief operating and people officer, CIMB Group.
Gurdip will focus on driving strategic priorities for CIMB Bank including enhancing operating resiliency, innovation and growth to take the Malaysian franchise to the next level.
