CIMB Group Holdings has appointed Mak Joon Nien as CEO of growth markets and CEO of CIMB Singapore.
Mak joined CIMB from Standard Chartered, where he began his career in 1997 and was appointed the first Malaysian CEO of Standard Chartered Malaysia in 2022.
Over the course of his career, he spent 15 years in Singapore, where he focused on mergers and acquisitions and leveraged finance, and subsequently served as managing director responsible for private equity client coverage.
Mak returned to Malaysia in 2017 to lead corporate, commercial and institutional banking.
In his new role at CIMB, Mak will be based in Singapore, where he will also oversee the bank's Thai and Cambodian operations and help generate cross-border growth opportunities. He will also be a member of CIMB Group Executive Committee.
Novan Amirudin, group CEO of CIMB Group, says Mak's complementary strengths will further enhance the bank's leadership bench as CIMB advances its Forward30 strategy and position itself for the next growth phase.
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"Growth Markets is a key pillar of CIMB’s Asean strategy, and Mak’s deep regional experience, strong execution track record and client relationships will accelerate the group’s ambition in cross-border banking, regional wealth management and investment advisory.
"We look forward to working together to further strengthen CIMB’s Asean franchise and position the group as top-of-mind Asean bank by 2030," he adds.
Mak's appointment as CEO of CIMB Singapore is subject to regulatory approval.
