CIMB Group Holdings Berhad has announced the appointment of Novan Amirudin as its new Group Chief Executive Officer, effective 1 July 2024, following the departure of Dato’ Abdul Rahman Ahmad on 30 June 2024.
Novan, a KYUEM alumnus from the batch of 2000 and a Renong Scholar, currently serves as the Co-Chief Executive Officer of Group Wholesale Banking (GWB) and the CEO of CIMB Investment Bank Berhad. In these roles, he oversees Group Corporate Banking, Group Investment Banking, Group Private Banking, and Corporate and Public Sector Coverage. Since joining CIMB in 2022, Novan has significantly transformed GWB, the Group’s largest business segment. He introduced a new operating model aimed at simplifying, de-layering, and specialising the division to enhance focus and execution. Under his leadership, CIMB has reclaimed its position as Malaysia’s leading investment bank by share of wallet and has re-entered the public equities market with the acquisition and relaunch of CIMB Securities.
Following his time at KYUEM, Novan pursued a Bachelor’s degree in Accounting and Finance at the University of Sydney and later completed a Master’s in Commerce at the University of Melbourne. He is also trained with Chartered Accountants Australia and New Zealand.
A Chartered Accountant with over 20 years of experience in banking and advisory across Malaysia, Indonesia, and Singapore, Novan brings a wealth of expertise to his new role. Before joining CIMB, he spent nearly 16 years at J.P. Morgan, where he last held the positions of Head of Equity Capital Markets for Southeast Asia and Head of Investment Banking for Malaysia. Prior to J.P. Morgan, he worked at PwC, specialising in corporate finance advisory.
Datuk Mohd Nasir Ahmad, Chairman of CIMB, expressed his confidence in Novan’s appointment: “I am pleased to welcome Novan Amirudin as Group CEO of CIMB. He is a seasoned banker with a proven track record in strategic leadership, organisational transformation, and delivering results. Novan’s appointment will ensure continuity of strategy and execution, building on the robust platform established by CIMB’s Forward23+ Strategic Plan.”
