Kuala Lumpur, Malaysia – CIMB has announced a reorganisation of its senior leadership team, with Effendy Shahul Hamid, most recently the CEO of group consumer and digital banking, stepping down to pursue other interests.
Effendy has however agreed to remain as an advisor to the group CEO until the end of June 2025, in order to facilitate a smooth and orderly leadership transition.
“Effendy is a highly respected banker and we are sad to see him go. The Board and Management wish him the best, and we appreciate his loyalty and commitment to the group over the last 20 years.” said Novan Amirudin, group chief executive officer at CIMB Group.
Effendy has spent the last 20 years at CIMB, leading numerous business units at the banking Group. Beginning his CIMB career in investment banking, Effendy then took on leadership positions that saw him building out the marketing and communications discipline at CIMB, reorganising its proprietary investments and asset management practices, turning around its commercial bank, building its digital business portfolio and to most recently, running its key customer franchise, the consumer bank.
He is also credited with driving the nation’s cashless agenda, conceptualising and executing the Touch n’ Go eWallet joint venture between CIMB’s subsidiary, Touch n’ Go and China’s Ant Group.
Meanwhile, Haniz Nazlan, who joined CIMB in 2021 as group chief strategy officer, has been appointed CEO of group consumer banking. Haniz has played a key role in driving major initiatives, including the Forward 23+ Strategic Plan, the transformation of CIMB Cambodia, and the Group’s re-entry into the securities business. With over 18 years of experience in corporate strategy and asset management, Haniz brings expertise from leadership roles at Permodalan Nasional Berhad and Lembaga Tabung Angkatan Tentera.
Gurdip Singh Sidhu will take charge of CIMB’s digital businesses, including Touch ‘n Go, CIMB Philippines, and CIMB Vietnam, alongside his responsibilities as CEO of CIMB Malaysia and CIMB Bank Berhad. With 18 years of experience at CIMB, Gurdip will focus on enhancing operating resiliency, innovation, and strategic growth across the Group’s digital assets.
Khairul Rifaie will expand his responsibilities to include group chief strategy officer, in addition to his current role as group chief financial officer. As group chief financial & strategy officer, Khairul will lead the development of CIMB’s strategic roadmap, balancing growth opportunities and operational efficiency. His career spans roles at KPMG London, Goldman Sachs, and UBS Malaysia before joining CIMB Group.
Victor Lee Meng Teck has been named CEO of growth markets, overseeing CIMB Singapore and CIMB Cambodia. Victor’s leadership in CIMB Singapore has been marked by a successful turnaround through strategic restructuring and cultural transformation. With over 25 years of banking experience, he is well-equipped to drive growth in key markets.
CIMB also announced the appointment of Ros Aziah Mohd Yusoff, currently the group chief technology officer, to the CIMB Group Executive Committee, and the re-designation of Animesh Mukherjee from group chief human resources officer to group chief people officer, reporting directly to the group CEO.
“The new organisation structure reflects CIMB’s purpose, strengthens our leadership bench, and consolidates related roles to enhance synergies across the Group. It is designed to enable greater focus and accountability as we advance the Group’s strategic priorities into the next strategy cycle while ensuring operational resiliency,” Novan said.
