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Banking 13 Mar 2020 | 10:07 AM

CIMB Group succession plan in progress

KUALA LUMPUR: CIMB Group Holdings Bhd 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.

Banking 18 Nov 2019 | 7:00 AM

Banks see tough 2020

PETALING JAYA: With the prolonged US-China trade war and global growth moderating across developed and emerging economies, coupled with geopolitical tensions, the banking sector as a bellwether of the Malaysian economy is not being spared from a tough 2020.