CIMB Group announces appointment of CEO

CIMB Group (CIMB), a leading ASEAN Universal Bank, has announced the appointment of Abdul Rahman Ahmad as Group Chief Executive Officer, Executive Director for CIMB, and CEO & Executive Director of CIMB Bank, beginning June 10.

Rahman will succeed Zafrul Tengku Abdul Aziz, who has resigned from his role as CIMB’s Group CEO and CEO of CIMB Bank in order to join the Malaysian government, serving as Minister of Finance, according to an article by The Star.

Prior to his new roles, Rahman was previously the President and Group Chief Executive of Permodalan Nasional Berhad, a leading government-linked investment corporation. In addition, he has held roles with Ekuiti Nasional, a government-linked private equity firm, and Media Prima, an integrated media investment group in Malaysia, as well as serving as Director and CEO of Malaysian Resources Corporation, a leading Malaysian conglomerate.

Rahman has been credited as being key in the digitalisation of customer experience and the diversification of assets whilst at Permodalan Nasional Berhad.

Datuk Mohd Nasir Ahmad, Chairman, CIMB, said: “I am delighted to welcome Datuk Rahman, an experienced CEO who has excelled at strategic leadership and execution. With more than 20 years in leadership roles across several industries, Datuk Rahman has demonstrated a strong track record in organizational transformation, driving results, strengthening operational risk and compliance, and innovation amid a rapidly evolving landscape. As the industry undergoes fundamental changes, he will bring a fresh perspective to lead CIMB’s continued transformation and build upon its successful ASEAN franchise.”

“We are confident that backed by the tenured and experienced senior leadership team of CIMB, Datuk Rahman will be able to bring the group forward with renewed purpose, during these challenging times,” said Nasir.