CIMB Group has made changes to its senior leadership team led by the nomination of Tigor M Siahaan as president director of CIMB Niaga. Upon obtaining all approvals, he will succeed Arwin Rasyid who has expressed his intention to retire.

 

Siahaan is a career banker and is currently the chief country officer of Citi Indonesia. In his 20 years with Citi, in Indonesia and New York, he has held roles in institutional recovery management, country risk management and corporate and investment banking where he served multiple customer segments including financial institutions, multinationals and local corporates.

 

Effendy Shahul Hamid has been appointed CEO, group asset management and investments. Having joined CIMB in 2004, he first served as an investment banker before assuming his most recent role as CIMB’s group chief marketing and communications officer. Prior to that, Hamid had worked with several companies in a corporate and business development capacity across Asia-Pacific - mostly involved in M&A, private equity and general business expansion initiatives.

 

Kwan Keen Yew has been named group chief compliance officer. He has over 15 years of legal and compliance experience and was most recently the head of legal and compliance at Standard Chartered Bank Malaysia. Prior to that, he had served in a variety of legal and compliance positions, covering various markets across the Standard Chartered Group in Asia. This appointment is subject to regulatory approvals.