Thursday 28 Mar 2024
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This article first appeared in The Edge Financial Daily on February 22, 2019

KUALA LUMPUR: Datuk Kong Sooi Lin has decided to retire after serving CIMB Group in various capacities for over 25 years.

CIMB Group Holdings Bhd yesterday announced it has appointed Jefferi M Hashim (pic) to replace Kong as the chief executive officer (CEO) of CIMB Investment Bank Bhd with effect from March 1, 2019.

In a filing with Bursa Malaysia, CIMB said Jefferi joined the bank in September 2017 with over 20 years of investment banking experience from a number of financial multinational corporations in areas such as equity capital markets, debt restructuring, and mergers and acquisitions.

He had also served in the Economic Planning Unit under the Prime Minister’s Office of Malaysia.

Jefferi is currently the deputy head of senior bankers group and deputy CEO of CIMB Investment Bank.

On Jefferi’s appointment, CIMB group CEO Tengku Datuk Seri Zafrul Aziz said, “I am confident that with his leadership and experience, CIMB will continue to deliver great value to our customers, build our investment banking franchise and solidify our position as the leading investment bank in Asean.”

CIMB also noted that Kong has contributed significantly to entrenching CIMB as one of the top investment banking houses domestically and across Asean.

Besides that, as group head of private banking, Kong has transformed the group’s regional private banking business into a profitable franchise across Asean.

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