CIMB Group Holdings Berhad has announced the resignation of its Deputy CEO and Group Wholesale Banking CEO who has joined HSBC as the new CEO.
Ironically, Omar Siddiq who leaves CIMB was updated to the press on the same day being appointed CEO at HSBC, in a filing to Bursa CIMB states that Omar tendered his resignation to ‘pursue a different opportunity.’
CIMB further added that the group has a strong Wholesale Bank franchise and leadership bench and has activated its selection and transition planning process. In the interim, CIMB’s Group Wholesale Banking business will be directly overseen by Dato’ Abdul Rahman Ahmad, Group Chief Executive Officer of CIMB Group.
Omar joined CIMB Group in November 2018 as Group Chief Operating Officer and has since served in various leadership positions, having taken up his most recent roles in October 2020. The Board and Management of CIMB Group are in appreciation to Omar for his exemplary leadership and significant contributions, during his tenure with the Group, and wish him well in his future undertakings.
Recently the group also saw its Indonesian leadership leaving in what seems to be a management restructuring.
