PETALING JAYA: CIMB Securities Sdn Bhd, a wholly-owned subsidiary of CIMB Investment Bank Bhd, has announced the appointment of four experienced professionals, namely Stephen Hagger, Novan Amirudin, Tan Ting Min and Julia Hashim to its board of directors with immediate effect.
In a statement, CIMB Group Holdings Bhd said Hagger has been appointed CIMB Securities’ independent chairperson, while Novan is its non-independent director and Tan is its new independent director.
“The appointment of the board of directors is a step forward towards strengthening CIMB Securities’ position in the market to be the brokerage of the future, while the company cements its position to become the premier partner in the Malaysian capital market.”
CIMB Group said the appointments follow the recent completion of the acquisition of KAF Equities Sdn Bhd (now known as CIMB Securities), as part of the bank’s strategy to expand its in-house capabilities and complement the group’s wholesale banking business in Malaysia.
CIMB Group said Hagger was the country head as well as managing director and head of equities for Credit Suisse in Malaysia.
“His leadership earned the team repeated top rankings from institutional investors.”
Novan, meanwhile, is the co-chief executive officer of group wholesale banking and the chief executive officer of CIMB Investment Bank.
“He is responsible for CIMB Group’s corporate banking, investment banking and private banking businesses.”
Additionally, Tan is the independent director of CIMB Investment Bank.
“She brings with her an impressive track record of more than 30 years as a highly respected equity research analyst,” said CIMB Group.
CIMB Group added that Julia is an experienced professional, particularly within the banking industry.
“Her last position prior to retirement was as chief operating officer for the Asean region at Principal Asset Management Bhd, where she oversaw operational divisions, including finance, human resources, strategy, legal, risk, information technology, operations and product development across the South-East Asian entities within Principal Asset Management.”