KUALA LUMPUR, June 16 — CIMB Group Holdings Bhd has announced the appointment of Novan Amirudin as chief executive officer (CEO) of its wholly-owned subsidiary, CIMB Investment Bank Bhd, effective June 15, 2023.
CIMB Investment Bank is part of the group’s wholesale banking business, in which Novan is the co-CEO.
In a statement to Bursa Malaysia today, the group said Novan took over the role from Jefferi Hashim, whose responsibilities have been refocused and expanded as group head, private banking and head, ESG advisory and solutions, group wholesale banking of CIMB Group.
It said Jefferi will continue to report to Novan in his new role, while Nor Masliza Sulaiman will continue as deputy CEO of CIMB Investment Bank and group head of investment banking.
“Novan has close to 20 years of experience in investment banking and corporate finance across Asean, with extensive experience in client coverage, mergers and acquisitions, public offerings, private placements, derivative solutions and bank financing.
“Prior to joining CIMB, he was with JP Morgan as head of equity capital markets, South-east Asia and head of investment banking, Malaysia,” said the group.
CIMB Group CEO Datuk Abdul Rahman Ahmad said the appointment of Novan at the helm of CIMB Investment Bank will ensure better oversight and focus in line with the Forward23+ strategic plan.
“Backed by our track record of outstanding execution and delivery for clients across Asean, we will focus on aggressively growing our wealth management business as well as our sustainable finance products and services, reflecting the rapidly rising demand and opportunities in these key areas,” he said. — Bernama
