Kuala Lumpur: CIMB Group Holdings Berhad (‘CIMB’ or ‘the Group’) yesterday announced the appointment of Datuk Syed Zaid Albar as its Group Chairman, effective 20 July 2025. He will succeed Tan Sri Mohd Nasir Ahmad, who will retire from the Board on 19 July 2025. In line with the transition, Datuk Syed Zaid will be appointed as an Independent Non-Executive Director effective 18 June 2025.

According to BERNAMA News Agency, speaking on behalf of CIMB Group’s Board of Directors, Tan Sri Mohd Nasir Ahmad stated, “The Board is pleased to welcome Datuk Syed Zaid Albar as the new Group Chairman. His leadership and experience across legal industry, financial and regulatory landscape will bring perspective in guiding CIMB through its next chapter of growth and transformation. We are confident that his stewardship will provide guidance in driving the success of the Group’s Forward30 strategic plan.”