CIMB Group is reshuffling its leadership in Singapore after Victor Lee Meng Teck stepped down from his roles as CEO of Growth Markets and CEO of CIMB Singapore.
Lee has resigned to pursue other opportunities and will be on gardening leave with immediate effect.
He joined CIMB in January 2019 as CEO of Group Commercial and Transaction Banking before taking over as CEO of CIMB Singapore in January 2020.
The group said its succession plan has been activated and successors will be named in due course.
In the meantime, Group CEO Novan Amirudin will oversee Growth Markets as Acting CEO.
Andrew Boey, Chief Financial Officer of CIMB Singapore, has been appointed Officer-in-Charge to assume day-to-day leadership responsibilities and ensure continued progress and stability.
Novan said,
“Victor has been instrumental in transforming and institutionalising CIMB Singapore for continued sustainable success, driven by CIMB Group’s EPICC culture.
As we look to the future, we are confident in the strength and depth of our bench strength, comprised of experienced and highly capable leaders, well prepared to carry forward our strategic priorities under our Forward30 plan. The group extends its sincere appreciation to Victor for his contributions and wishes him continued success in his future endeavours.”
Featured image: Edited by Fintech News Singapore, based on image by vusal3d via Freepik
