CIMB Group Holdings Berhad has unveiled a significant reorganisation of its senior leadership team, reinforcing its commitment to building a purpose-driven, empowered, and dynamic organisation. This reshuffle, guided by a structured and robust succession planning process, aligns with the Group’s ambitions and capitalises on its strong talent pool.
The Group announced the resignation of Effendy Shahul Hamid, CEO of Group Consumer and Digital Banking, who will be pursuing new opportunities. Effendy will remain as an Advisor to the Group CEO until the end of June 2025 to ensure a seamless leadership transition. Over this period, he will also step down from his roles on the boards of CIMB Group companies, including as Chairman of TNG Digital and as a board member of Touch ‘n Go Sdn Bhd and CIMB Vietnam.
Effendy has served CIMB for two decades, contributing significantly across various business areas. Starting his career in investment banking, he played instrumental roles in building CIMB’s marketing and communications capabilities, turning around its commercial bank, establishing its digital business portfolio, and leading its consumer banking segment. Effendy is also recognised for driving Malaysia’s cashless agenda through the creation of the Touch ‘n Go eWallet joint venture with China’s Ant Group.
“Effendy is a highly respected banker, and we are sad to see him go. The Board and Management wish him the very best and deeply appreciate his loyalty and dedication over the past 20 years,” said Novan Amirudin, Group Chief Executive Officer, CIMB Group.
As part of the reorganisation, CIMB Group announced several senior-level appointments, effective 1 February 2025:
Haniz Nazlan will lead Group Consumer Banking as CEO. Since joining CIMB in 2021 as Group Chief Strategy Officer, Haniz has been pivotal in implementing key initiatives, including the Forward 23+ Strategic Plan and CIMB Cambodia’s transformation. With over 18 years of experience in corporate strategy and asset management, he brings valuable expertise to his new role.
Gurdip Singh Sidhu will oversee CIMB’s digital businesses, including Touch ‘n Go Sdn Bhd, Touch ‘n Go Digital, CIMB Philippines, and CIMB Vietnam, alongside his existing roles as CEO of CIMB Malaysia and CIMB Bank Berhad. With 18 years of leadership experience at CIMB, Gurdip will focus on driving operational resilience, innovation, and growth across the Group’s digital assets.
Khairul Rifaie will expand his responsibilities to become Group Chief Financial & Strategy Officer, combining his expertise as Group Chief Financial Officer with oversight of the Group’s strategic roadmap. Khairul has a robust background in finance, having worked with Goldman Sachs and UBS before joining CIMB.
Victor Lee Meng Teck has been appointed CEO of Growth Markets, covering CIMB Singapore and CIMB Cambodia. Victor’s leadership in turning around CIMB Singapore through strategic restructuring and culture reform equips him well for his new role.
Additionally, Ros Aziah Mohd Yusoff, Group Chief Technology Officer, has joined the CIMB Group Executive Committee, and Animesh Mukherjee, formerly Group Chief Human Resources Officer, has been re-designated as Group Chief People Officer, reporting directly to the Group CEO.
“This reorganisation reflects CIMB’s purpose and strengthens our leadership capabilities while ensuring greater focus and accountability,” said Novan. “It positions the Group to advance our strategic priorities and operational resilience as we enter the next phase of growth.”
The reorganisation underscores CIMB Group’s commitment to leveraging its talent and capabilities to achieve sustainable growth and solidify its position as a leading financial institution in the ASEAN region.
