12 March 2015


Kuala Lumpur: CIMB Group today made the following announcement pertaining to its senior leadership team.


Tigor M. Siahaan has been nominated President Director of CIMB Niaga. Upon obtaining all approvals, he will succeed Arwin Rasyid who has expressed his intention to retire. Tigor 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, Tigor 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.  Tigor was the Indonesia Country Head for Institutional Clients Group responsible for Citi’s wholesale businesses including Treasury, Transaction Services, as well as Corporate & Investment Banking from February 2008 to May 2011 after which he assumed his final post as Chief Country Officer for Citi Indonesia.


Effendy Shahul Hamid has been appointed CEO, Group Asset Management & Investments. Having joined CIMB in 2004, Effendy first served as an investment banker before assuming his most recent role as CIMB’s Group Chief Marketing & Communications Officer. Prior to that, Effendy 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 appointed Group Chief Compliance Officer. Keen Yew 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.


"I would like to congratulate Tigor, Effendy and Keen Yew on their new roles. They all bring different perspectives to the table and to CIMB Group’s refreshed leadership team and organisation structure. These announcements are key as we execute our T18 plans and continue to build our ASEAN business,” said Tengku Dato’ Zafrul Tengku Abdul Aziz, Group Chief Executive, CIMB Group. “I am very much looking forward to working with them in their new roles,” he concluded.