CIMB Group (“CIMB” or “the Group”) today announced that it has received Bank Negara Malaysia’s approval for Datuk Mohd Nasir Ahmad to be appointed as Group Chairman of CIMB Group. His appointment will take effect on 20 October 2018. Datuk Mohd Nasir has been a member of the Group’s Board of Directors (BOD) since 2015, and its Senior Independent Director since April 2016. He is familiar with the Group’s business and is well known to both CIMB’s internal and external stakeholders. As part of this appointment, Datuk Mohd Nasir will relinquish his positions as Senior Independent Director and Chairman of the Audit Committee. He will remain as a member of the Group BOD’s Audit Committee ,Risk Committeeand Group Nomination & Remuneration Committee.