KUALA LUMPUR, Feb 6 — Tengku Zafrul Aziz will assume the post of Chief Executive Officer (CEO) of Wholesale Banking of CIMB Group effective March 1, 2015.
Zafrul is also the Acting Group CEO of CIMB Group.
CIMB Group in a statement today also announced that Datuk Lee Kok Kwan, currently CEO of Corporate Banking, Treasury and Markets will be appointed Adviser to the Group CEO for Wholesale Banking.
The appointment is part of the key organisational changes taking place in CIMB Group.
The reorganisation exercise will see the creation of a new Regional Commercial and SME Banking Division and an integrated Wholesale Banking Division combining IB,Treasury Markets and Corporate Banking to optimise internal synergies and sharpen corporate client interface.
This is alongside a Regional Consumer Banking Division to drive consistency, further efficiencies and also build CIMB Group’s digital banking capability.
In addition, the Group Strategy which includes the mid-term strategy T18 Programme Management Office, will be moved directly into the Group CEO’s Office to ensure firm oversight on implementation of T18 initiatives. — Bernama
