CIMB Group appoints Effendy as CEO of group consumer and digital banking
KUALA LUMPUR: CIMB Group Holdings Berhad (CIMB Group) announced the appointment of Effendy Shahul Hamid as chief executive officer (CEO) of group consumer and digital banking, effective January 1, 2023.
The appointment will see the group consumer banking and CIMB Digital Assets businesses subsumed under the broader umbrella of group consumer and digital banking to drive the growth of CIMB’s Consumer business and accelerate its digital agenda in alignment with its Forward23+ strategic plan.
Datuk Abdul Rahman Ahmad, group CEO of CIMB Group said,
“We are pleased to welcome Effendy at the helm of CIMB’s group consumer and digital banking business. Effendy is a visionary leader with a diverse and proven track record of success within CIMB, having led various units since joining the Group in 2004.
“His ability and experience in forward-looking banking and financial services trends and proven execution capability across different businesses will be invaluable in future-proofing our business and spurring its growth as we navigate the challenging and increasingly competitive landscape.
“Our consumer banking and digital business franchise will be instrumental in creating value for our customers across Asean and ensuring that we deliver on our Forward23+ strategic plan.”
Effendy’s appointment is pursuant to the retirement of Samir Gupta after 12 years of service with the Group. Samir joined CIMB Group in 2010 as consumer banking director of PT CIMB Niaga Tbk (CIMB Niaga), CIMB’s Indonesian unit, and he has been in that position since 2016.
Effendy has extensive experience in banking and financial services, having served in various senior leadership roles at CIMB Group over the past 18 years. Most recently, Effendy has been serving as CEO of CIMB digital assets of CIMB Group and group CEO of Touch ‘n Go Group since October 2020.
Effendy was previously CEO of group ventures and partnerships, where he was responsible for the development of the Group’s new and disruptive revenue and value creation streams, with a focus on cultivating new-age partnerships at scale, venturing through selective strategic investments in platform-based businesses, and managing its digital banking franchises.
At the same time, he was also responsible for the group’s asset management and investments business across both public and private markets, including its regional asset management business, its private equity fund management business and proprietary equity investments portfolio.
Prior to that, Effendy was CEO of group commercial banking, managing CIMB Group’s regional banking businesses for the small and medium enterprise and midsized corporate segment.
Preceding that, he was group chief marketing and communications officer, managing the group’s entire marketing and communications initiatives and lead franchise-wide efforts to ensure a consistent and differentiated CIMB brand for all of the CIMB Group’s businesses across the region.