CIMB set to appoint former Securities Commission chief Syed Zaid as chairman: sources
South-east Asia’s fifth largest lender by assets posted a net profit of RM2 billion, a 1.9 per cent increase from a year earlier.
Add BT as a preferred source
[KUALA LUMPUR] CIMB Group Holdings is preparing for a leadership transition, with former Securities Commission Malaysia chairman Syed Zaid Albar expected to take over as chairman of the board, according to a report by Bloomberg.
Citing sources, the report said the appointment, which is pending regulatory approval, comes as incumbent chairman Mohd Nasir Ahmad prepares to step down after nearly a decade on the board and six years as chairman.
Syed Zaid, who led the Securities Commission from 2018 to 2022, is also a founding partner of law firm Albar & Partners.
TRENDING NOW
From hawker stall to Enterprise Award winner: How Han Keen Juan scaled the Old Chang Kee empire
Koh Poh Koon resigns from ministerial roles for ‘family reasons’, will stay on as MP
Haidilao co-founder’s family buys second bungalow in Cluny Hill for S$85 million
Ban on land sales, new launches for developers that deliver ‘defect-ridden’ projects
