Cimb Bank

Only available on StudyMode
  • Topic: Liquidity risk, Operational risk, Risk
  • Pages : 15 (5241 words )
  • Download(s) : 277
  • Published : November 10, 2011
Open Document
Text Preview
CIMB Group is a regional universal bank operating in high growth economies in ASEAN. CIMB Group has the widest retail branch network across the region and is an indigenous ASEAN investment bank. CIMB Group is Malaysia’s second largest financial services provider, and fifth largest in Southeast Asia by total assets. It is owned by Bumiputra-Commerce Holdings Berhad (BCHB), which is listed on Bursa Malaysia with a market capitalization of over USD10 billion. CIMB Group operate as a universal bank offering a full range of financial products and services, covering corporate and investment banking, consumer banking, treasury, insurance and asset management. CIMB Group offer products and services on a dual banking basis, giving customers a choice of both conventional and Islamic solutions. As a universal bank, CIMB Group are able to serve everyone from all walks of life in Malaysia as well as throughout the region, including large regional corporations, domestic listed companies, entrepreneurial start-ups, high-net worth individuals, pensioners and children. Today, CIMB Group serves close to seven million customers in over 600 locations through over 25,000 staff. At present, CIMB Group main markets are Malaysia, Indonesia and Singapore, countries in which have full universal banking capabilities. CIMB Group presence in 11 countries covers South East Asia and major global financial centres, as well as countries with which our South East Asian customers have significant business and investment dealings. In addition, CIMB Group extends regional reach and range of products and services through strategic partnerships. CIMB Group partners include the Principal Financial Group, Aviva plc, Allianz Malaysia Berhad, Mapletree Capital Management, Bank of Tokyo-Mitsubishi UFJ, Standard Bank plc, Daewoo Securities, the Kanoo Group, Malaysia Airlines, International Currency Exchange, EDS, Pos Malaysia, 7-11, Singer Malaysia and many more. CIMB Group vision is to be “Southeast Asia’s most valued universal bank”. This means that • to customers and want to be a bank of their choice,

• to employees,
• to shareholders and want to be the bank to which you accord the highest premium, • to the communities in which operate and want to be the partner of choice to aid sustainable community development. CIMB Group mission is to invest in their people to derive by innovation to deliver quality service whilst providing superior returns and value to their stakeholders. The structure and composition of the Board comply with the requirements of the Code, Revised BNM/GP1, Bursa Securities Listing Requirements and the “Green Book on Enhancing Board Effectiveness” (Green Book) as part of the Government Linked Companies (GLC) Transformation Programme. The Board members are as follows: i. Chairman/Non-Independent Non-Executive Director)

ii. Senior Independent Non-Executive Director
iii. (Group Managing Director/Chief Executive Officer
iv. (Non-Independent Executive Director
v. Independent Non-Executive Director
vi. Independent Non-Executive Director
vii. Independent Non-Executive Director
viii. Independent Non-Executive Director
ix. Non-Independent Non-Executive Director
x. Non-Independent Non-Executive Director
xi. Independent Non-Executive Director
xii. Independent Non-Executive Director
The Board currently has 12 members, with 2 Executive Directors and 10 Non-Executive Directors, of whom 7 are Independent Directors. The number of Independent Directors exceeds the one-third requirement as set out in the Code, Revised BNM/GP1 and the Bursa Securities Listing Requirements respectively. More than 50% of the Board are Independent Directors and the composition of the Board is made up of industry leaders not only from diverse sectors and backgrounds such as financial, legal, management, Islamic banking and public administration, but also from the markets where the Group operates, thus...
tracking img