CIMB to hire BNP Paribas veteran as regional M&A head

Kuala Lumpur

CIMB Group Holdings has hired a BNP Paribas veteran as its head of mergers, acquisitions and sponsors for South-east Asia, according to people with knowledge of the matter.

Ng Cho Weng, a managing director at BNP's Singapore unit, will join Malaysia's third-biggest bank by market value next month, the people said, asking not to be identified as the information is private. He will be based in the city, the people said.

Representatives for CIMB and BNP Paribas declined to comment.

The executive worked at the French lender for more than 14 years, including as its South-east Asia head of general M&A and transactions, according to his LinkedIn profile. He's also had stints at PwC and Ernst & Young.

The volume of M&A targeting companies in South-east Asia soared to a record US$101.8 billion last year, according to data compiled by Bloomberg. BLOOMBERG