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HSBC Hires CIMB’s Omar Siddiq as CEO of Malaysian Unit

  • Omar will be the first Malaysian CEO of the local arm
  • He has been with CIMB Group for more than three years
Updated on

HSBC Holdings Plc has hired Omar Siddiq from CIMB Group Holdings Bhd. to head its Malaysian unit, the bank said in a statement on Wednesday

The announcement confirmed an earlier report by Bloomberg News, which cited people with knowledge of the matter, that the head of CIMB Group’s wholesale banking division and deputy chief executive officer of CIMB’s Malaysia business will join the U.K. lender after serving a gardening leave period.