CIMB Group Holdings Bhd has appointed outgoing Standard Chartered Malaysia CEO Mak Joon Nien as CEO of its growth markets and CIMB Singapore, subject to regulatory approval.
In his new role, Mak will also oversee CIMB Thailand and CIMB Cambodia, focusing on driving regional growth, cross-border business and wealth opportunities.
Mak is set to step down as Standard Chartered Malaysia CEO on May 8. He will also join CIMB’s group executive committee.
He replaces Victor Lee Meng Teck, who resigned from CIMB Singapore in September last year.
CIMB group CEO Novan Amirudin said Mak’s experience and regional expertise will help strengthen the bank’s ASEAN strategy and accelerate growth in cross-border banking and wealth management.
Mak has nearly 30 years of banking experience. He joined Standard Chartered in 1997 and became its first Malaysian CEO in 2022.
