KUALA LUMPUR, CIMB Group Holdings Bhd has announced a leadership transition in its Singapore operations following the resignation of Victor Lee Meng Teck, CEO of Growth Markets and CEO of CIMB Singapore. In a statement, the group said Lee has stepped down to pursue other opportunities and will be on gardening leave with immediate effect.
Group CEO Novan Amirudin will take on the role of Acting CEO of Growth Markets, while Andrew Boey, Chief Financial Officer of CIMB Singapore, has been appointed Officer-in-Charge to manage daily operations and ensure business continuity. Novan praised Lee’s contributions, noting his role in strengthening and institutionalising CIMB Singapore, aligned with the group’s EPICC culture.
“As we look ahead, we remain confident in our strong leadership team and their ability to deliver on our Forward30 strategic priorities. We thank Victor for his dedication and wish him well in his future endeavours,” he added. CIMB confirmed that its succession plan has been activated and official appointments will be announced in due course.
Lee joined CIMB in January 2019 as CEO of Group Commercial and Transaction Banking before being named CEO of CIMB Singapore in January 2020.
