Latest news with #corporateadvisory
Malay Mail
13 hours ago
- Business
- Malay Mail
CIMB Group names former Securities Commission head Syed Zaid Albar as new chairman
KUALA LUMPUR, June 16 — CIMB Group Holdings Bhd (CIMB) has announced the appointment of Datuk Syed Zaid Albar as its group chairman, effective July 20, 2025. He will succeed Tan Sri Mohd Nasir Ahmad, who will retire from the board on July 19, 2025. In line with the transition, Syed Zaid will be appointed as an independent non-executive director effective June 18, 2025. Mohd Nasir said Syed Zaid's leadership and extensive corporate experience across legal industry, financial and regulatory landscape will bring valuable perspective in guiding CIMB through its next chapter of growth and transformation. 'We are confident that his stewardship will provide strong guidance in driving the success of the group's Forward30 strategic plan,' he said In a statement today, . CIMB Group said that Syed Zaid is a lawyer with four decades of experience across a broad range of practice areas, with a strong focus on financial services and corporate advisory. He stepped away from legal practice in 2018 to assume the role of executive chairman of the Securities Commission Malaysia (SC), a position he held until mid-2022. 'During his tenure at SC, he played a key role in strengthening the governance, regulatory oversight and the development of Malaysia's capital markets, both domestically and internationally,' it said. Novan Amirudin, group chief executive officer of CIMB Group, said that the company looks forward to being guided by Syed Zaid as the bank executes its Forward30 strategic plan over the next six years, which anchors on the group's purpose of advancing customers and society. 'Our goal is to be the top-of-mind Asean bank, reimagining banking by embedding ourselves into our customers lives and keeping our customers at the heart of everything we do,' he added. — Bernama
Yahoo
19-05-2025
- Business
- Yahoo
HSBC launches new capital markets and advisory group
HSBC Holdings has announced a reorganisation of its capital markets and corporate advisory divisions, establishing a new entity aimed at enhancing its presence in the expanding private credit sector. The newly formed capital markets and advisory group will consolidate HSBC's global financing and investment banking operations under a unified management framework, reported Bloomberg. HSBC's restructuring will see its financing solutions, including debt capital markets and private credit operations, integrated with its corporate finance and strategic advisory services. Adam Bagshaw has been appointed as the head of the new capital markets and advisory group, with a focus on expanding HSBC's private credit offerings and reinforcing its position in Asia and the Middle East. HSBC corporate and institutional banking chief executive Michael Roberts was quoted by the publication as stating: 'This is a model for the future, where we can best serve our clients and capitalise on the growth opportunities ahead.' This reorganisation follows a comprehensive restructuring initiated by CEO Georges Elhedery, which included the closure of certain operations in the US, UK, and Europe, aiming to achieve cost savings of around $1.5bn. Earlier this month, HSBC announced that its group chairman Mark Tucker plans to retire before the end of 2025. He joined the board in 2017 and has held the chairman position since October of that year. Last month, HSBC opened a new wealth centre at The Star Vista to provide personalised financial services for affluent clients in western Singapore. "HSBC launches new capital markets and advisory group" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
16-05-2025
- Business
- Bloomberg
HSBC Revamps Financing and Advisory to Focus on Private Credit
HSBC Holdings Plc is reorganizing its capital markets and corporate advisory units into a new business as part of a plan aimed at helping Europe's biggest bank grab a larger share of the booming private credit industry. The London-based lender said it was creating a new Capital Markets and Advisory group to house all of its disparate worldwide financing and investment banking activities under a single management structure, according to a statement from the bank.
