CIMB Group on February 26 announced that it had received approval from Bank Negara Malaysia to appoint Tengku Dato’ Zafrul Aziz as its Group Chief Executive and Executive Director, effective Friday, (February 27, 2015).
"I would like to congratulate Tengku Zafrul on his appointment. His performance as acting Group CEO since 1st September has only added to the confidence of the board in his ability to lead the Group.
"He has already commenced execution of our T18 plan, starting with a refreshed leadership team and organisation structure, enhancing processes and reducing operating costs in wholesale banking." said Datuk Sri Nazir Razak, Chairman CIMB Group.
" I look forward to continuing to work closely with him for the long term,” Nazir concluded.
Tengku Zafrul joined CIMB Group on 2 January 2014 and was made Acting Group Chief Executive on 1 September 2014 .
CIMB Group is Malaysia’s second largest financial services provider and one of ASEAN’s leading universal banking groups. It offers consumer banking, investment banking, Islamic banking, asset management and insurance products and services.
Headquartered in Kuala Lumpur, the Group is now present in nine out of 10 ASEAN nations (Malaysia, Indonesia, Singapore, Thailand, Cambodia, Brunei, Vietnam, Myanmar and Laos). Beyond ASEAN, the Group has market presence in China, Hong Kong, Bahrain, India, Sri Lanka, Australia, Taiwan, Korea, the US and UK.
CIMB Group has the most extensive retail branch network in ASEAN of more than 1,000 branches as at 31 December 2014. CIMB Group’s investment banking arm is also one of the largest Asia Pacific-based investment banks, offering amongst the most comprehensive research coverage of more than 1,000 stocks in the region.
CIMB Group operates its business through three main brand entities, CIMB Bank, CIMB Investment Bank and CIMB Islamic. CIMB Group is also the 97.9 per cent shareholder of Bank CIMB Niaga in Indonesia, and 93.7 per cent shareholder of CIMB Thai in Thailand.
CIMB Group is listed on Bursa Malaysia via CIMB Group Holdings Berhad. It had a market capitalisation of approximately RM46.8 bil billion as at 31 December 2014. The Group has over 40,000 employees located in 18 countries.
Bernama
Fri Feb 27 2015
Tengku Zafrul joined CIMB Group on 2 January 2014 and was made Acting Group Chief Executive on 1 September 2014. - Photo from mida.gov
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