CIMB Executive Appointed to Head HSBC's Malaysian Unit
January 12 2022 - 1:39AM
Dow Jones News
By Chester Tay
KUALA LUMPUR, Malaysia--CIMB Group Holdings Bhd.'s Omar Siddiq
Amin Noer Rashid has resigned as deputy chief executive officer of
its Malaysia business to head HSBC Holdings PLC's operations in the
country.
Mr. Omar Siddiq has also relinquished his position as chief
executive of CIMB Group's wholesale banking.
CIMB Group, Malaysia's second-largest lender by asset size, said
Wednesday that it has started its selection and transition planning
process.
In the interim, the group's wholesale-banking business will be
directly overseen by group CEO Abdul Rahman Ahmad.
Mr. Omar Siddiq will succeed Stuart Milne, who will retire at
the end of March, HSBC Bank Malaysia Bhd. said Wednesday. He will
report to Surendra Rosha, co-chief executive of HSBC
Asia-Pacific.
Mr. Omar Siddiq will join the boards of HSBC Bank Malaysia and
HSBC Amanah Malaysia Bhd. as an executive director, as well as a
member of the Asia-Pacific executive committee, HSBC Bank Malaysia
said.
Prior to joining CIMB, Mr. Omar Siddiq had stints at RHB Bank
Bhd. and Malaysia Airlines Bhd.
Write to Chester Tay at chester.tay@wsj.com
(END) Dow Jones Newswires
January 12, 2022 01:24 ET (06:24 GMT)
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