Capital A has appointed Effendy Shahul Hamid, the former CIMB Group leader, as its new Deputy CEO, effective 6 April 2026. The move comes as the group shifts its focus to expanding its core businesses following the sale of its aviation operations to AirAsia X in January 2026.
In his new role, Effendy will support growth initiatives across Asia Digital Engineering, Teleport, AirAsia MOVE, AirAsia Next, and Santan, helping the group drive digital innovation and ecosystem development. He brings more than 20 years of regional leadership experience spanning banking, digital transformation, strategic partnerships, and ecosystem building.
During his 21-year tenure at CIMB Group, Effendy led its regional retail operations, digital banking initiatives, and strategic partnerships, including the transformation of Touch ‘n Go through a joint venture with Ant Group.
Capital A CEO Tony Fernandes said Effendy’s experience made him an ideal fit for the group’s next phase of growth. “He is a proven operator with a track record that speaks for itself. Effendy understands how ecosystems create value and can rally teams around clear goals to deliver tangible results. With his depth and perspective, I expect him to hit the ground running and add value quickly,” Fernandes said.
Effendy added that he looked forward to collaborating closely with the CEOs across the Capital A Group of Companies and AirAsia X, while exploring how his financial services expertise could contribute to the group’s strategy in that sector.
