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CIMB Group, Malaysia’s second-largest bank in terms of assets, has announced its intention to expand its private wealth business to Singapore and Thailand by the end of the year. This move is part of a larger plan to double the bank’s wealth assets under…
U Mobile CEO, Wong Heang Tuck, highlighted the company’s enthusiasm for this strategic partnership with CIMB for the 5G rollout, emphasizing CIMB’s shared commitment to innovation and digital growth. He noted that the financial support would enable a fast,…
DHL Express has signed an agreement with CIMB Group Holdings Berhad (“CIMB” or “the Group”) to welcome the banking group onboard its GoGreen Plus programme. The partnership enables CIMB to leverage the use of sustainable aviation fuel (SAF) to mitigate the…
The Malaysian lender is revising its strategy to emphasise sustainable growth, in line with the group’s vision to be a «leading focused Asean bank.» CIMB Singapore is laying off staff and will close its Orchard Road branch as part of a restructuring exercise,…
The Malaysian bank is letting go of three business heads in Singapore, following a review of its operations. Changes are afoot at CIMB Singapore, as the bank has moved to ax its consumer, commercial and corporate banking heads: Josandi Thor, Yong Jiunn Run…
He succeeds Zafrul Tengku Abdul Aziz, who resigned as group CEO of CIMB Group Holdings and CEO of CIMB Bank in March to join the Malaysian cabinet as finance minister. CIMB Group, Malaysia’s second-largest financial services provider by assets, has appointed…
The bank’s partnership with iSTOX will expand private capital markets access for its clients. CIMB Singapore is partnering ICHX Tech to allow its clients in the Asean region to raise funds in a faster, more flexible and efficient way on its blockchain-enabled…
CIMB Group Holdings announced on Monday that its chief has relinquished his post on Monday, as he has been appointed the new Finance Minister in Malaysia. Zafrul Tengku Abdul Aziz , who has been appointed the new Finance Minister on Monday, has resigned as…
CIMB Bank Philippines’ all-digital bank has partnered Jumio, a provider of AI-powered end-to-end identity verification and authentication solutions to provide a simple, hassle-free and convenient digital onboarding solution to Filipinos. Jumio’s identity…
A corporate and retail banking stalwart replaces Mak Lye Mun, who retires after 10 years at the helm. CIMB Singapore has appointed Victor Lee as chief executive officer, the Malaysian bank announced on Thursday. With the new Industrial Revolution 4.0, we…
CIMB Bank Singapore branch on Thursday announced a collaboration with SESAMi Holding to finance digital invoices under an automated workflow. Suppliers on SESAMi Holding’s platform will be paid immediately on their outstanding invoices within two business…
CIMB Bank plans to double its market share from 3 percent to 6 percent by 2021 for its small- and medium-sized enterprise (SME) banking business in Singapore. One of the lender’s efforts to do so is the launch of its Asean-China Halal Corridor initiative last…
PT Bank CIMB Niaga Tbk (“CIMB Niaga”) and Liquid Group today announced a strategic partnership to spearhead cross-border QR payment acceptance between Singapore and Indonesia. The partnership was initiated through their joint participation in Bank Indonesia’s…
CIMB Investment Bank Research (CIMB IB Research) has retained its “reduce” call on AirAsia Group Bhd as it forecasted the company to face higher operating costs and gearing levels until 2021. The research house lowered its target price for AirAsia to RM1.50,…
CIMB Islamic Bank Bhd and local beauty brand SimplySiti have announced a collaboration that will see CIMB Islamic enabling SimplySiti to expand its halal beauty care business beyond Malaysian borders. The homegrown brand will also leverage the end-to-end…
CIMB Group Holdings Bhd is finally completing its operating footprint in Asean with the launch of its banking presence in the Philippines. It has received regulatory approval from the Securities and Exchange Commission of the Philippines for its investment…
