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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.

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Tan Ai Leng

Tan Ai Leng

Published Wed, Jun 4, 2025 · 03:34 PM
    • CIMB operates 592 retail branches and employs more than 33,000 staff across 10 markets as at end-2024.
    • CIMB operates 592 retail branches and employs more than 33,000 staff across 10 markets as at end-2024. PHOTO: TAN AI LENG, BT

    [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.

    MalaysiaCIMB GroupAseanAsean Business

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