CIMB Securities appoints Stephen Hagger as independent chairperson

It also welcomed three new directors to its board.

CIMB Securities, a subsidiary of CIMB Investment Bank Berhad, has named Stephen Hagger as its independent chairperson. 

Additionally, the company has welcomed Novan Amirudin, Tan Ting Min, and Julia Hashim as new directors to its board.

The move is expected to strengthen CIMB Securities' market position and solidify its role as a key player in the Malaysian capital market. 

It follows the recent acquisition of KAF Equities Sdn Bhd, now CIMB Securities, as part of CIMB Group's strategy to expand its in-house capabilities.

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“Their collective expertise and industry insights will elevate our Board's strategic counsel for CIMB Securities,” said Ruzi Rani Ajith, chief executive officer of CIMB Securities. “These appointments mark the establishment of a highly proficient and seasoned board, dedicated to steering the company towards strategic excellence and commercial success.”