CIMB Niaga Announces Appointment of Lani Darmawan as the President Director
December 17, 2021 at 04:39 am EST
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CIMB Group Holdings Berhad announced the appointment of Lani Darmawan as the President Director of CIMB Niaga. The appointment will be effective as of the date specified in CIMB Niaga's Extraordinary General Meeting (EGM) held on 17 December 2021, subject to obtaining approval from the Financial Services Authority of Indonesia (OJK) and/or the fulfilment of the requirements as stipulated in the OJK letter. Lani succeeds Tigor M. Siahaan, who is currently serving his notice period. With more than 35 years of banking and finance experience, Lani is an established leader with a proven track record in the industry. Lani has been with CIMB Niaga since 2016 and was most recently the bank's CEO of Consumer Business. She has been instrumental in the transformation of CIMB Niaga's consumer banking business to better serve the needs of customers across Indonesia, as well as driving the bank's business strategy in alignment with the Group's Forward23+ strategic plan. Prior to CIMB Niaga, Lani had held leadership roles in several large financial institutions in Indonesia.
PT Bank CIMB Niaga Tbk (the Bank) is an Indonesia-based company, which is engaged providing general banking services. The Bank operates through seven segments: Corporate, Business, Retail, Treasury, Sharia, Subsidiaries, and Others. The Corporate segment includes loans, deposits and other transactions, and balances with corporate customers. The Business segment includes products and services for customer segments comprising small to medium scale enterprises. The Retail segment focuses on products and services for individual customers. This segment includes products, such as loans, deposits and other transactions, and balances with retail customers. The Treasury segment undertakes its treasury activities, which include foreign exchange, money market, derivatives, and investing in placements and securities transactions. The Sharia segment includes all transactions relating to Sharia Business Unit. The Subsidiaries segment includes all transactions relating to subsidiaries businesses.