CIMB Singapore axes three business heads amid shake-up in bank
CIMB Singapore has dropped three long-time banking heads, as the lender restructures its business amid dismal results in the Republic.
The three business heads cut are Josandi Thor, head of consumer banking, Yong Jiunn Run, head of commercial banking, and Lai Ven-Li, head of corporate banking.
The Business Times understands that this was announced in an internal memo to Singapore staff earlier this week.
TRENDING NOW
Asia-Pacific aviation: is up really the only way?
Russia’s ‘pivot to Asia’ takes a turn as it prioritises ties with isolated regimes over bigger economies
Why disciplined stewardship matters when managing wealth in uncertain markets
More than 15,000 sign up for national accounting body’s AI programme in two months