October 20, 2017 8:14 PM ET

Banks

Company Overview of CIMB Bank Berhad, Singapore Branch

Company Overview

CIMB Bank Berhad, Singapore Branch operates as a subsidiary of CIMB Bank Berhad.

270 Orchard Road

#03-02 Knightsbridge

Singapore,  238857

Singapore

Phone:

65 6333 7777

Fax:

65 6645 2099

Key Executives for CIMB Bank Berhad, Singapore Branch

Group CEO & Director
Age: 44
Group Chief Financial Officer
Acting Group Chief Information & Operations Officer
Chief Executive officer of Group Consumer Banking
Age: 55
Chief Executive Officer of Indonesia
Age: 45
Compensation as of Fiscal Year 2017.

CIMB Bank Berhad, Singapore Branch Key Developments

Croesus Retail Asset Management Pte. Ltd. Appoints CIMB Bank Berhad, Singapore Branch as Independent Financial Adviser

The board of directors of Croesus Retail Asset Management Pte. Ltd. (Trustee-Manager), as trustee-manager of Croesus Retail Trust, referred to the joint announcement made by the Trustee-Manager and Cyrus BidCo Pte. Ltd. (the "Offeror") announced that the Trustee-Manager has entered into an implementation agreement with the Offeror in relation to the proposed acquisition of all the issued units in CRT (the "Units") by the Offeror. The Board announced that CIMB Bank Berhad, Singapore Branch has been appointed as the independent financial adviser (the "IFA") to advise the directors of the Trustee-Manager who are considered independent for the purposes of the Scheme (the "Independent Directors") for the purposes of making a recommendation to the unitholders of CRT ("Unitholders") in connection with the Scheme.

JCB International Co., Ltd. and CIMB Bank Singapore with Wirecard AG Seal Merchant Acquisition Partnership

JCB International Co., Ltd. (JCBI), CIMB Bank Singapore (CIMB), and Wirecard AG (Wirecard) announce their signing of a License Agreement to begin JCB merchant acquiring services in Singapore. Through the partnership, JCB card acceptance facilities will be available at CIMB merchants. With its ASEAN footprint firmly in place, CIMB is a befitting partner with JCBI on both the local and regional front.  Having established similar collaborations in Malaysia and Indonesia, this new License Agreement extends the collaboration into other parts of Southeast Asia and enhances cooperation in the region. Tourism is a key contributor to the Singapore economy and the country is a popular destination for regional JCB cardmembers. This new merchant acquisition partnership with CIMB will bolster the JCB card acceptance network in the market and promote new merchants to JCBI's  rapidly expanding cardmember base from Asia during their stayin Singapore. CIMB Bank Singapore's one-stop merchant solution is in partnership with Wirecard. Wirecard has been providing an integrated payment platform that supports eCommerce, mCommerce, mobile and traditional Point-of-Sale, to facilitate merchants' real-time tracking of transactions across multiple sales channels as part of the partnership.

CIMB Bank Singapore and Sompo Insurance Singapore Announces Bancassurance Partnership

CIMB Bank Singapore and Sompo Insurance Singapore Pte. Ltd. announced their new bancassurance partnership for the Singapore market. This incountry agreement is signed following the announcement of CIMB Group and Sompo Group's long-term regional non-life bancassurance distribution agreement in June 2016. Through this partnership, CIMB Bank Singapore will market and distribute Sompo's non-life insurance to close to 300,000 and growing customers from its Credit Cards, Retail Banking, Preferred Banking, Private Banking and Commercial Banking businesses. Distribution will be across all channels, including branches and online platforms.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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