CIMB Group appoints Novan Amirudin as CEO of CIMB Investment Bank

16 June 2023

Kuala Lumpur: CIMB Group Holdings Berhad (“CIMB Group” or the “Group”) today announced the appointment of Novan Amirudin as Chief Executive Officer (“CEO”) of its wholly-owned subsidiary, CIMB Investment Bank Berhad (“CIMB Investment Bank”) effective 15 June 2023. CIMB Investment Bank is part of Group Wholesale Banking for CIMB Group, in which Novan is Co-Chief Executive Officer (“Co-CEO”).

Novan has close to 20 years of experience in Investment Banking and Corporate Finance across ASEAN, with extensive experience in client coverage, mergers and acquisitions (“M&As”), public offerings, private placements, derivative solutions and bank financing. Prior to joining CIMB, he was with J.P. Morgan as Head of Equity Capital Markets, Southeast Asia and Head of Investment Banking, Malaysia.

Novan is taking over the role from Jefferi Hashim, whose responsibilities have been refocused and expanded as Group Head, Private Banking and Head, ESG Advisory and Solutions, Group Wholesale Banking of CIMB Group. This will enable Jefferi to intensify the Group’s efforts in driving the private banking business, as well as championing the sustainability agenda across the Wholesale Banking franchise in line with CIMB’s commitment to help clients advance their ESG agendas through sustainable finance solutions. Jefferi will continue to report to Novan in his new roles. Alongside this, Nor Masliza Sulaiman will continue as Deputy CEO of CIMB Investment Bank and Group Head of Investment Banking.

Dato’ Abdul Rahman Ahmad, Group Chief Executive Officer of CIMB Group said, “The appointment of Novan at the helm of CIMB Investment Bank, which is part of our leading Wholesale Banking franchise, will ensure better oversight and focus in line with our Forward23+ strategic plan to serve our clients across the entire Wholesale Banking spectrum. Backed by our track record of outstanding execution and delivery for clients across ASEAN, we will focus on aggressively growing our wealth management business as well as our sustainable finance products and services, reflecting the rapidly rising demand and opportunities in these key areas.”

As an established franchise with proven expertise in areas such as equity and debt capital markets and M&As, CIMB Investment Bank has been recognised with numerous industry accolades over the years.

Among others, these include Best Bond House in Southeast Asia at the Alpha Southeast Asia 16th Annual Best Deal and Solution Awards 2022, with CIMB having ranked No. 1 in ASEAN local currency bonds for more than a decade. It was also awarded Best Investment Bank in Malaysia at the Euromoney Awards for Excellence 2022, marking CIMB’s ninth win in that category since 2008. In recent years, it has also been ramping up its sustainable finance activities, having participated in various landmark ESG deals across ASEAN.