CIMB Group has appointed Hendra Lembong as Chief Fintech Officer with effect from June 1, 2018.
Previously announced Chief Fintech Officer, Olivier Crespin, has left CIMB, officials in the bank confirmed.
Crespin was said to have been officially been appointed into that position in June 2017 following regulatory approvals.
It is not clear why Crespin has left the bank.
CIMB FinTech was launched in 2017 to drive innovation, as well as chart and execute the Group’s long term digital roadmap.
Hendra started his career in CIMB in 2013 as Chief of Transaction Banking for CIMB Niaga, Indonesia.
In 2017, his role was expanded regionally to CEO, Group Transaction Banking.
Hendra’s strategic role in overseeing the business’ growth across ASEAN had transformed transaction banking into a significant contributor to CIMB’s revenue.
Tengku Datuk Sri Zafrul Aziz, Group CEO of CIMB, is confident of Hendra's track record.
“CIMB FinTech is a strategic unit for CIMB to examine and invest in new technology," Zafrul said
"As such, CIMB FinTech will play a crucial role in the formulation of our next mid-term growth strategy. I am confident that with Hendra’s vast experience and strong leadership,” he added.
Hendra holds a Bachelor of Science in Chemical Engineering from University of Washington, USA and Master of Science in Engineering-Economic Systems, Stanford University, USA.
Prior to joining CIMB, Hendra had gained over 20 years’ experience in various development, strategic and leadership roles at highly reputable global financial institutions, across Jakarta, Singapore, Hong Kong and London.
Ibrahim Sani
Sun Jun 10 2018
Hendra has a Bachelors degree from Washington University and a Masters degree from Stanford. Photo courtesy of CIMB
Australia moves closer to ban social media for children
Australian parliament's lower house passes the bill, even as Google and Meta press the government to delay the legislation
Prospect of Lebanon ceasefire leaves Gazans feeling abandoned
Months of US-backed Arab mediation have yet to secure a ceasefire between Israel and Hamas to end the war in Gaza.
Four bodies recovered from capsized tourist boat off Egypt's Red Sea coast
The boat, the Sea Story, capsized on Monday near the Sataya Reef while carrying 31 tourists and 13 crew on a multi-day diving trip.
UTP introduced a first-of-its-kind Bachelor of Integrated Engineering with Honours
UTP has proudly unveiled Malaysia's first multidisciplinary engineering programme.
Biden to push for Gaza ceasefire after Israel-Lebanon deal
The US "will make another push, with Turkey, Egypt, Qatar, Israel and others, to achieve a ceasefire in Gaza," says Joe Biden.
JPS issues flood warning, 30 villages in Pasir Puteh expected to be inundated
Flooding is expected near Sungai Semerak, Pasir Puteh, affecting low-lying villages within 5km of the river, according to PRABN.
What Trump 2.0 could mean for trade, migrants, climate change and electric cars
Here's a summary of the policies Donald Trump has said he will pursue when he takes office on Jan. 20.
UN says Taliban detained journalists over 250 times in Afghanistan since takeover
The Taliban-led foreign ministry denies having arrested that number of journalists and added that those arrested had committed a crime.
TikTok becoming app of choice for criminals promoting investment scams - Police
Many users continue to be tricked and scammed even though police have repeatedly issued warnings about scams proliferating on social media.
MOE’s mental health screening identifies students with emotional challenges
Deputy Minister of Education says, those identified with severe emotional issues undergo screening twice a year.
Israel, Hezbollah agree to ceasefire brokered by US and France, to take effect Wednesday
Israel will gradually withdraw its forces over 60 days as Lebanon's army takes control of territory near its border with Israel to ensure that Hezbollah does not rebuild its infrastructure there.
'No one will win a trade war,' China says after Trump tariff threat
Donald Trump says he would impose the tariffs until China stops the flow of illegal drugs, particularly fentanyl, into the United States.
What has caused Pakistan's deadly clashes between police and supporters of Imran Khan?
Topping the demands of Khan's Pakistan Tehreek-e-Insaf (PTI) party is the release of all its leaders, including Khan, who has been jailed on a series of corruption charges since August 2023.
Myanmar rebel army ready for dialogue with junta, with China's help
China puts pressure on rebels amid the rapid degeneration of the military, which Beijing has long seen as a guarantor of stability.
One woman or girl killed every 10 minutes by intimate partner or family member - UN
The report highlights that "60 per cent of all female homicides" are committed by "people closely related to them".
Malaysia ready to collaborate with South Korea on more substantial matters - PM
Malaysia seeks deeper collaboration with South Korea on digitalization, AI, and advanced learning curve discussions.
Sweden urges Chinese ship to return for undersea cable investigation
Two subsea cables, one linking Finland and Germany and the other connecting Sweden to Lithuania, were damaged in less than 24 hours.
[COLUMNIST] Building more highways won’t solve traffic congestion - reducing demand will
It is clear that adding more lanes and highways doesn't work, because we are still attempting the same approach to solve the issue.
Israel poised to approve ceasefire with Hezbollah, Israeli official says
Israel's security cabinet is expected to discuss and likely approve the text at a meeting chaired by Benjamin Netanyahu, says an official.
Hyundai to invest RM2.16 bil in Malaysia through strategic partnership with INOKOM
This investment includes efforts to upgrade INOKOM's existing assembly capacity to meet Hyundai's automotive needs.