29 May 2020

Dato’ Rahman will take on the leadership role on 10 June this year


Kuala Lumpur: CIMB Group Holdings Berhad (“CIMB” or “the Company”) today announced that the Company’s Board of Directors has appointed Dato’ Abdul Rahman Ahmad as the Group Chief Executive Officer/Executive Director for CIMB and Chief Executive Officer/Executive Director of CIMB Bank Berhad. Dato’ Rahman, who is currently the Non-Executive Chairman of Sime Darby and Velesto Energy Berhad, succeeds YBM Senator Tengku Dato’ Sri Zafrul Tengku Abdul Aziz, who relinquished his post to join the Malaysian government as the Minister of Finance. His appointment will take effect on 10 June 2020.


The Chairman of CIMB, Datuk Mohd Nasir Ahmad said, “I am delighted to welcome Dato’ Rahman, an experienced CEO who has excelled at strategic leadership and execution. With more than 20 years in leadership roles across several industries, Dato’ 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”. 


Dato’ Rahman started his career at Arthur Andersen, London and worked at Trenergy (M) Berhad/Turnaround Managers Inc. (M) Sdn Bhd and Pengurusan Danaharta Nasional Berhad. He was appointed as the Group Managing Director/Chief Executive Officer of Malaysian Resources Corporation Berhad and subsequently served the same position for Media Prima Berhad where he successfully turned around and transformed the Group into a leading integrated media investment group.


Dato' Rahman then helped established Ekuiti Nasional Berhad, a government linked private equity firm, serving as its Chief Executive Officer for seven years before being appointed in 2016 as the President and Group Chief Executive Officer of Permodalan Nasional Berhad ("PNB"), the leading Asset Management Company in Malaysia with Assets under Management of more than RM300bn. At PNB, Dato’ Rahman was instrumental in driving the strategic diversification of assets as well as enhancing consumer experience through operational and digitization initiatives.


Dato’ Rahman holds an MA in Economics from Cambridge University, United Kingdom, and is a member of the Institute of Chartered Accountants in England and Wales (ICAEW).


“I would like to thank the Board for conducting a rigorous and comprehensive process. We are confident that backed by the tenured and experienced senior leadership team of CIMB, Dato’ Rahman will be able to bring the Group forward with renewed purpose, during these challenging times,” concluded Datuk Nasir.


Dato’ Abdul Rahman Ahmad