Description
The company or other entity issuing the security is called the issuer. A country's regulatory structure determines what qualifies as a security.
Securities Financing (SF)
Securities Financing is responsible for securities lending activities within the CIMB Group retail franchise. It offers ?nancing secured against investment deposits, structured products and securities (i.e. share margin). Products are targeted towards high net worth individuals as well as the mass af?uent. SF is also a referral conduit for other wealth management offerings such as Trustee, Insurance, and PCS products.
Equity Markets & Derivatives (EMD)
CIMB is a leading participant in the Malaysian equity capital markets. EMD serves as an intermediary between issuers and investors in the equity markets. It assists issuers to raise funds for their capital requirements and assists shareholders to realise the value of their equity holdings. EMD also serves as an intermediary in the secondary market to facilitate trading between investors of equity and equity-linked securities. Services and activities of EMD’s main business divisions include institutional broking, equity capital markets such as underwriting, equity derivatives and structured products and equity investment and trading.
International Banking & Transactions Services
International Banking & Transactions Services comprises 5 separate business units: • Cash Management is responsible for origination and management of cash management products • Security Services (SS) comprises credit agency, credit operations, fund accounting, trustee and custodian services. Services offered include will writing, private trust, corporate trust for bonds, unit trusts and asset managers, secretarial, company formation and managers of Labuan trust companies and Labuan offshore companies • Structured Banking Products provides services on loan syndication, project advisory, project ?nance, debt advisory and restructuring and shipping ?nancing • Global FI comprises Correspondent Banking,
CIMB-GK
CIMB-GK represents the regional securities and corporate ?nance platform of CIMB. Headquartered in Singapore, it has of?ces in London, Bangkok, Hong Kong and Indonesia. Its main business divisions are Institutional and Retail Broking, Wealth Management, Investment Banking and Corporate Finance and are supported by a strong research team of more than 40 personnel, covering equity markets in Singapore, Indonesia, Hong Kong and Thailand.
Risk Participation and Structured Trade Products. Correspondent Banking is responsible for the NOSTRO and VOSTRO accounts opened by the bank for trade and remittances with all its relationship banks whilst Risk Participation manages the credit limits given to these banks. Structured Trade Products is responsible for originating trade related products which are structured around the strength of the relationship banks as counter parties • International Banking is responsible for the businesses of the ?rm’s international branches in Hong Kong, Singapore, Tokyo, London and the subsidiary BumiputraCommerce Bank (L) Ltd.
Private Client Services (PCS)
Private Client Services comprises Private Banking and Retail Broking. Private Banking offers the whole array of wealth management services catering to high net worth individuals, leveraging on the services and products of the Group’s investment and commercial bank as well as working with external parties via an open architecture model. Retail clients are offered retail broking services via a broad range of platforms/intermediaries including remisiers, company dealers, online broking and mobile broking.
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Asset Management
CIMB-Principal provides fund management expertise in equities, ?xed income, cash and Shariah compliant products and offers customised/tailored portfolio mandates and unit trust funds to both institutional and retail clients. It currently has in its product offering 16 unit trusts designed for retail investors, of which the Global Titans Fund offers exposure to multinationals while the Hidden Values Fund offers exposure to companies in India, Singapore, Malaysia, Indonesia and Thailand.
Research CIMB’s research professionals provide
in-depth and independent research reports for our clients, covering economic trends, equities, ?xed income and derivatives. CIMB’s equity research team covers listed companies and sectors in ?ve countries - Malaysia, Singapore, Indonesia, Thailand and Hong Kong, while the economic coverage spans the same ?ve countries, including China. Being the ?rst investment bank in Malaysia to develop a dedicated ?xed income research team, it now offers ?xed income research on Malaysia and Indonesia and will be initiating coverage on Singapore and Hong Kong in 2006.
Wholesale Funds
CIMB-Mapletree Management Sdn Bhd (CMM) CMM is a 60:40 joint venture between CIMB Real Estate Sdn Bhd and Mapletree Investments Pte. Ltd. of Singapore. Launched in April 2005, it is involved in real estate fund management and real estate related advisory activities leveraging on both CIMB and Mapletree’s distinct expertise and knowledge of the Malaysian market, structured corporate ?nance and real estate. To date, CMM has achieved successful closure of its ?rst privately held closedend real estate fund, CMREF 1, which is an acronym for CIMB-Mapletree Real Estate Fund 1, which has an approved fund size of RM2 billion. It has since acquired 2 major properties - CP Tower and Menara CSM/Jaya. Private Equity (PE) Private Equity’s services include providing equity and mezzanine ?nancing for mid and late stage investment opportunities, particularly management buyouts, restructuring and re-capitalisation exercises and aims to create value by investing in companies using CIMB’s expertise and established network. With funds under management exceeding half a billion ringgit, PE is aggressively seeking local and regional investment opportunities. Strategic Assets Division Strategic Assets is a private equity division focusing on providing equity and equity-related risk capital to businesses in the energy, infrastructure and natural resource sectors. Strategic Assets’ investment portfolio in these sectors includes privately managed and controlled operating companies, brown?eld expansions, privatisation, restructuring, project ?nanced entities and publicly listed companies.
Group Treasury
The integration of CIMB and BCB Treasury in September 2005 brings about a complete intermediation between interest rate, credit spread and FX term structures, employed on a balance sheet that is now 7 times larger than that of CIMB’s. Core units within Group Treasury include Debt Capital Market & Syndicate, Capital Management, Group Funding, Global Sales, Cross Markets Trading, Structured Products and Balance Sheet Management. While it continues to maintain the ?rm’s dominant market shares in the Ringgit capital market, other key responsibilities for 2006 include the management of the ?rm’s net interest income and fund transfer pricing to ensure greater accuracy in product pricing and spread to send correct pricing signals to product origination and distribution. It will also continue to enhance product development by offering new consumer products and expanding the structured product offering. To date, it has begun distributing capital guaranteed products such as Range Accruals and the more recent All Stars through BCB’s distribution network.
Retail Banking
On 1 January 2006, a new organisation structure for the consumer banking operations of CIMB Group was effected and now consists of 3 divisions: Retail Banking, Business Banking and Consumer Sales & Distribution. The Retail Banking division retains responsibility for the products and services that are sold to individual customers of the bank but outsources the sales, service and operations functions of the business to Consumer Sales and Distribution and GIOD collectively and recovery functions to Recoveries. With the integration of BCB Finance into the bank, it is now a “one-stop” centre with auto loans being offered at all the banks’ branches. Key functions that are managed directly in Retail Banking include Credit Cards, Wealth Management products, Banking & Payment products, Alternative Channels Development, Customer Knowledge & MIS, Retail Programme Of?ce and Retail Portfolio Management.
Consumer Sales & Distribution (CSD)
Consumer Sales & Distribution has the primary responsibility of developing, implementing and managing sales and distribution for Retail Banking and Business Banking products and services. It will provide leadership in anticipating new business opportunities and developing strategies to achieve desired performance for the Group’s consumer banking divisions. CSD has been organised into seven Regional Centres which are overseen by Regional Directors who are responsible for formulating sales and distribution strategies for their respective areas. These regional teams will oversee all bank branches, business banking centres, retail business centres and related delivery channels. They will also be assisting other parts of the ?rm such as IBK, Treasury and Recoveries where necessary. CSD will also oversee the New Branch Project,
Business Banking
Business Banking is responsible for the origination and management of products and services for SMEs and midcorporates, as well as overseeing the management of business loan portfolios. It will work closely with Consumer Sales & Distribution for sales and distribution. It has since June 2005, undergone a major transformation based on segmented business models, servicing clients across SMES, Micros and mid-sized corporates. Together with CIMB Private Equity, Business Banking launched Bumiputra Advisory Teams (BAT) which offers equity and/ or debt ?nancing solutions to Bumiputra business banking clients. In further promoting better access of business loans for professionals, CIMB had in July 2005 signed a MOU with SME Bank. Business Banking will continue to refresh its product portfolio by introducing more capital markets products such as ?xed income and FOREX to its customers. At the end of 2005, a portfolio reorganisation structure was completed, whereby all large corporate relationships were transferred to IBK. Business Banking has been reorganised into 4 main departments i.e. Products Advisory Group, Product & Market Development, Business Portfolio Management and Business Support.
replacing the Branch Transformation Project. The New Branch Project has been set-up to look into a new branch model largely based on the “total customer experience” paradigm. It expects to launch the new branch models together with the launch of the “re-branded” CIMB Bank later this year. The 3 key areas under CSD are Regional Centres, CSD Strategy and CSD Support. The seven regional directors under CSD are as follows: Central 1 : Engku Fauzan Engku Muhsein Central 2 : Nik Johaan Nik Hashim Central 3 : Ismail Kassim Central 4 : Nor Azzam Abdul Jalil Northern : Steven Chai Southern : Raja Sulong Ahmad Raja Razak East Malaysia : Ali Adai
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Islamic Banking
CIMB Islamic Banking operates as a parallel bank, leveraging on CIMB’s brand and market positioning and BCB’s network. It focuses on providing comprehensive and innovative Shariah-compliant ?nancial products and services to satisfy the needs of individuals, SMEs and large corporates in accordance with the Shariah rules. In retail, the ?rst phase of Islamic product rolled out at all BCB branches was in October 2005, with focus on property and vehicle ?nancing products and current accounts. The ?rst batch of Islamic business banking product rolled out followed suit in December 2005. On the international front, CIMB Islamic launched Brunei’s ?rst investment bank, CIMB Brunei, and will continue to expand its Islamic portfolio overseas as well as to explore presence in the Middle East. It aims to be the leading player in global Islamic capital markets
Group Strategy
Group Strategy is responsible for identifying, developing, executing and managing the implementation of key strategic initiatives and processes for the Group. By having a separate division to oversee strategy from inception to completion, new markets, new products or new processes can be identi?ed and evaluated accurately and synergy bene?ts can be realised with focused execution. This will enable the ?rm to deliver value to all its stakeholders as quickly as possible and meet the expectations embedded in the ?rm’s mission statement. Group Strategy consists of 4 departments, namely, Group Corporate Finance, Strategy & Innovation, Strategy Management & Integration, and Market Intelligence & Research.
Group Information & Operations (GIOD)
The Group Information and Operations Division is responsible for risk-monitoring, operations, information technology, and legal needs of the CIMB Group. GIOD provides an integrated delivery platform for the technological and business processes of the Group. It is also responsible for the execution of a risk-management framework, ensuring good standards of corporate governance. In the carrying out of its responsibilities, GIOD also ensures that operational processes are run ef?ciently and at a low cost-to-serve. GIOD consists of three closely-linked departments which are Operations, Information Technology and Risk Monitoring.
Group Finance
Group Finance has responsibility for the ?nancial support needs of the CIMB Group. The division oversees responsibility for all monthly accounts of companies within the CIMB Group, as well as the preparation of ?nancial results for business divisions on a monthly basis. All ?nancial and tax input/advice for matters pertaining to any corporate proposals to be undertaken by the Group are also the responsibility of this division. In addition, the sourcing of funds to ?nance the Group’s working capital and any other capital requirements for the Group is also under its purview. In ensuring the regulatory needs of relevant authorities are met, the division submits the various monthly/fortnightly reports required by the relevant authorities, including Bank Negara Malaysia and the Labuan Offshore Financial Services Authority and also ensures that any new accounting rulings/guidelines issued by the relevant bodies are disseminated to all relevant divisions within the Group.
Group Risk Management
The key responsibilities of Group Risk Management are to identify, analyse, monitor, review and report the principal risks to which the Group is exposed. It also helps to create shareholder value through proper allocation of risk capital, development of risk-based pricing framework and facilitate development of new business and products. It also performs reviews of loan asset quality and loan recovery plan, independent valuation of the trading portfolios and develops the risk-based product pricing framework for loan portfolios. Group Risk Management also carries out a role in the assessment and evaluation of all credit risk related proposals originating from the various business units such as loans and advances, ?xed income, derivatives, sales and trading, prior to submission to the Credit Risk Committee (CRC), EXCO, or Board for approval.
Group
Administration
incorporates
the
Group’s administration responsibilities into one department. The department also has responsibility for Semerak Services as well as the New Of?ce Building Projects department.
Group Corporate Resources
Group Corporate Resources has been streamlined and re-organised in order to best serve the needs of the CIMB Group as it now stands. The organisation structure takes into account the needs and future plans of the newlyenlarged CIMB Group and is made up of Group Human Resources, Group Corporate Communications and Group Administration. Group Human Resources oversees responsibility for
talent management, continual development of the staff of CIMB Group and the development of organisation-wide HR strategies and practices to ensure effectiveness and standardisation. Group Human Resources consists of 6 key areas: learning and development, organisational development, employee relations, compensation and bene?ts, recruitment and relationship managers. Group Corporate Communications undertakes corporate communications activities, brand development, media relations, products and services advertising and promotions, public relations and events management, strategic internal communications and corporate social responsibility programmes for the CIMB Banking Group.
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The company or other entity issuing the security is called the issuer. A country's regulatory structure determines what qualifies as a security.
Securities Financing (SF)
Securities Financing is responsible for securities lending activities within the CIMB Group retail franchise. It offers ?nancing secured against investment deposits, structured products and securities (i.e. share margin). Products are targeted towards high net worth individuals as well as the mass af?uent. SF is also a referral conduit for other wealth management offerings such as Trustee, Insurance, and PCS products.
Equity Markets & Derivatives (EMD)
CIMB is a leading participant in the Malaysian equity capital markets. EMD serves as an intermediary between issuers and investors in the equity markets. It assists issuers to raise funds for their capital requirements and assists shareholders to realise the value of their equity holdings. EMD also serves as an intermediary in the secondary market to facilitate trading between investors of equity and equity-linked securities. Services and activities of EMD’s main business divisions include institutional broking, equity capital markets such as underwriting, equity derivatives and structured products and equity investment and trading.
International Banking & Transactions Services
International Banking & Transactions Services comprises 5 separate business units: • Cash Management is responsible for origination and management of cash management products • Security Services (SS) comprises credit agency, credit operations, fund accounting, trustee and custodian services. Services offered include will writing, private trust, corporate trust for bonds, unit trusts and asset managers, secretarial, company formation and managers of Labuan trust companies and Labuan offshore companies • Structured Banking Products provides services on loan syndication, project advisory, project ?nance, debt advisory and restructuring and shipping ?nancing • Global FI comprises Correspondent Banking,
CIMB-GK
CIMB-GK represents the regional securities and corporate ?nance platform of CIMB. Headquartered in Singapore, it has of?ces in London, Bangkok, Hong Kong and Indonesia. Its main business divisions are Institutional and Retail Broking, Wealth Management, Investment Banking and Corporate Finance and are supported by a strong research team of more than 40 personnel, covering equity markets in Singapore, Indonesia, Hong Kong and Thailand.
Risk Participation and Structured Trade Products. Correspondent Banking is responsible for the NOSTRO and VOSTRO accounts opened by the bank for trade and remittances with all its relationship banks whilst Risk Participation manages the credit limits given to these banks. Structured Trade Products is responsible for originating trade related products which are structured around the strength of the relationship banks as counter parties • International Banking is responsible for the businesses of the ?rm’s international branches in Hong Kong, Singapore, Tokyo, London and the subsidiary BumiputraCommerce Bank (L) Ltd.
Private Client Services (PCS)
Private Client Services comprises Private Banking and Retail Broking. Private Banking offers the whole array of wealth management services catering to high net worth individuals, leveraging on the services and products of the Group’s investment and commercial bank as well as working with external parties via an open architecture model. Retail clients are offered retail broking services via a broad range of platforms/intermediaries including remisiers, company dealers, online broking and mobile broking.
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Asset Management
CIMB-Principal provides fund management expertise in equities, ?xed income, cash and Shariah compliant products and offers customised/tailored portfolio mandates and unit trust funds to both institutional and retail clients. It currently has in its product offering 16 unit trusts designed for retail investors, of which the Global Titans Fund offers exposure to multinationals while the Hidden Values Fund offers exposure to companies in India, Singapore, Malaysia, Indonesia and Thailand.
Research CIMB’s research professionals provide
in-depth and independent research reports for our clients, covering economic trends, equities, ?xed income and derivatives. CIMB’s equity research team covers listed companies and sectors in ?ve countries - Malaysia, Singapore, Indonesia, Thailand and Hong Kong, while the economic coverage spans the same ?ve countries, including China. Being the ?rst investment bank in Malaysia to develop a dedicated ?xed income research team, it now offers ?xed income research on Malaysia and Indonesia and will be initiating coverage on Singapore and Hong Kong in 2006.
Wholesale Funds
CIMB-Mapletree Management Sdn Bhd (CMM) CMM is a 60:40 joint venture between CIMB Real Estate Sdn Bhd and Mapletree Investments Pte. Ltd. of Singapore. Launched in April 2005, it is involved in real estate fund management and real estate related advisory activities leveraging on both CIMB and Mapletree’s distinct expertise and knowledge of the Malaysian market, structured corporate ?nance and real estate. To date, CMM has achieved successful closure of its ?rst privately held closedend real estate fund, CMREF 1, which is an acronym for CIMB-Mapletree Real Estate Fund 1, which has an approved fund size of RM2 billion. It has since acquired 2 major properties - CP Tower and Menara CSM/Jaya. Private Equity (PE) Private Equity’s services include providing equity and mezzanine ?nancing for mid and late stage investment opportunities, particularly management buyouts, restructuring and re-capitalisation exercises and aims to create value by investing in companies using CIMB’s expertise and established network. With funds under management exceeding half a billion ringgit, PE is aggressively seeking local and regional investment opportunities. Strategic Assets Division Strategic Assets is a private equity division focusing on providing equity and equity-related risk capital to businesses in the energy, infrastructure and natural resource sectors. Strategic Assets’ investment portfolio in these sectors includes privately managed and controlled operating companies, brown?eld expansions, privatisation, restructuring, project ?nanced entities and publicly listed companies.
Group Treasury
The integration of CIMB and BCB Treasury in September 2005 brings about a complete intermediation between interest rate, credit spread and FX term structures, employed on a balance sheet that is now 7 times larger than that of CIMB’s. Core units within Group Treasury include Debt Capital Market & Syndicate, Capital Management, Group Funding, Global Sales, Cross Markets Trading, Structured Products and Balance Sheet Management. While it continues to maintain the ?rm’s dominant market shares in the Ringgit capital market, other key responsibilities for 2006 include the management of the ?rm’s net interest income and fund transfer pricing to ensure greater accuracy in product pricing and spread to send correct pricing signals to product origination and distribution. It will also continue to enhance product development by offering new consumer products and expanding the structured product offering. To date, it has begun distributing capital guaranteed products such as Range Accruals and the more recent All Stars through BCB’s distribution network.
Retail Banking
On 1 January 2006, a new organisation structure for the consumer banking operations of CIMB Group was effected and now consists of 3 divisions: Retail Banking, Business Banking and Consumer Sales & Distribution. The Retail Banking division retains responsibility for the products and services that are sold to individual customers of the bank but outsources the sales, service and operations functions of the business to Consumer Sales and Distribution and GIOD collectively and recovery functions to Recoveries. With the integration of BCB Finance into the bank, it is now a “one-stop” centre with auto loans being offered at all the banks’ branches. Key functions that are managed directly in Retail Banking include Credit Cards, Wealth Management products, Banking & Payment products, Alternative Channels Development, Customer Knowledge & MIS, Retail Programme Of?ce and Retail Portfolio Management.
Consumer Sales & Distribution (CSD)
Consumer Sales & Distribution has the primary responsibility of developing, implementing and managing sales and distribution for Retail Banking and Business Banking products and services. It will provide leadership in anticipating new business opportunities and developing strategies to achieve desired performance for the Group’s consumer banking divisions. CSD has been organised into seven Regional Centres which are overseen by Regional Directors who are responsible for formulating sales and distribution strategies for their respective areas. These regional teams will oversee all bank branches, business banking centres, retail business centres and related delivery channels. They will also be assisting other parts of the ?rm such as IBK, Treasury and Recoveries where necessary. CSD will also oversee the New Branch Project,
Business Banking
Business Banking is responsible for the origination and management of products and services for SMEs and midcorporates, as well as overseeing the management of business loan portfolios. It will work closely with Consumer Sales & Distribution for sales and distribution. It has since June 2005, undergone a major transformation based on segmented business models, servicing clients across SMES, Micros and mid-sized corporates. Together with CIMB Private Equity, Business Banking launched Bumiputra Advisory Teams (BAT) which offers equity and/ or debt ?nancing solutions to Bumiputra business banking clients. In further promoting better access of business loans for professionals, CIMB had in July 2005 signed a MOU with SME Bank. Business Banking will continue to refresh its product portfolio by introducing more capital markets products such as ?xed income and FOREX to its customers. At the end of 2005, a portfolio reorganisation structure was completed, whereby all large corporate relationships were transferred to IBK. Business Banking has been reorganised into 4 main departments i.e. Products Advisory Group, Product & Market Development, Business Portfolio Management and Business Support.
replacing the Branch Transformation Project. The New Branch Project has been set-up to look into a new branch model largely based on the “total customer experience” paradigm. It expects to launch the new branch models together with the launch of the “re-branded” CIMB Bank later this year. The 3 key areas under CSD are Regional Centres, CSD Strategy and CSD Support. The seven regional directors under CSD are as follows: Central 1 : Engku Fauzan Engku Muhsein Central 2 : Nik Johaan Nik Hashim Central 3 : Ismail Kassim Central 4 : Nor Azzam Abdul Jalil Northern : Steven Chai Southern : Raja Sulong Ahmad Raja Razak East Malaysia : Ali Adai
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Islamic Banking
CIMB Islamic Banking operates as a parallel bank, leveraging on CIMB’s brand and market positioning and BCB’s network. It focuses on providing comprehensive and innovative Shariah-compliant ?nancial products and services to satisfy the needs of individuals, SMEs and large corporates in accordance with the Shariah rules. In retail, the ?rst phase of Islamic product rolled out at all BCB branches was in October 2005, with focus on property and vehicle ?nancing products and current accounts. The ?rst batch of Islamic business banking product rolled out followed suit in December 2005. On the international front, CIMB Islamic launched Brunei’s ?rst investment bank, CIMB Brunei, and will continue to expand its Islamic portfolio overseas as well as to explore presence in the Middle East. It aims to be the leading player in global Islamic capital markets
Group Strategy
Group Strategy is responsible for identifying, developing, executing and managing the implementation of key strategic initiatives and processes for the Group. By having a separate division to oversee strategy from inception to completion, new markets, new products or new processes can be identi?ed and evaluated accurately and synergy bene?ts can be realised with focused execution. This will enable the ?rm to deliver value to all its stakeholders as quickly as possible and meet the expectations embedded in the ?rm’s mission statement. Group Strategy consists of 4 departments, namely, Group Corporate Finance, Strategy & Innovation, Strategy Management & Integration, and Market Intelligence & Research.
Group Information & Operations (GIOD)
The Group Information and Operations Division is responsible for risk-monitoring, operations, information technology, and legal needs of the CIMB Group. GIOD provides an integrated delivery platform for the technological and business processes of the Group. It is also responsible for the execution of a risk-management framework, ensuring good standards of corporate governance. In the carrying out of its responsibilities, GIOD also ensures that operational processes are run ef?ciently and at a low cost-to-serve. GIOD consists of three closely-linked departments which are Operations, Information Technology and Risk Monitoring.
Group Finance
Group Finance has responsibility for the ?nancial support needs of the CIMB Group. The division oversees responsibility for all monthly accounts of companies within the CIMB Group, as well as the preparation of ?nancial results for business divisions on a monthly basis. All ?nancial and tax input/advice for matters pertaining to any corporate proposals to be undertaken by the Group are also the responsibility of this division. In addition, the sourcing of funds to ?nance the Group’s working capital and any other capital requirements for the Group is also under its purview. In ensuring the regulatory needs of relevant authorities are met, the division submits the various monthly/fortnightly reports required by the relevant authorities, including Bank Negara Malaysia and the Labuan Offshore Financial Services Authority and also ensures that any new accounting rulings/guidelines issued by the relevant bodies are disseminated to all relevant divisions within the Group.
Group Risk Management
The key responsibilities of Group Risk Management are to identify, analyse, monitor, review and report the principal risks to which the Group is exposed. It also helps to create shareholder value through proper allocation of risk capital, development of risk-based pricing framework and facilitate development of new business and products. It also performs reviews of loan asset quality and loan recovery plan, independent valuation of the trading portfolios and develops the risk-based product pricing framework for loan portfolios. Group Risk Management also carries out a role in the assessment and evaluation of all credit risk related proposals originating from the various business units such as loans and advances, ?xed income, derivatives, sales and trading, prior to submission to the Credit Risk Committee (CRC), EXCO, or Board for approval.
Group
Administration
incorporates
the
Group’s administration responsibilities into one department. The department also has responsibility for Semerak Services as well as the New Of?ce Building Projects department.
Group Corporate Resources
Group Corporate Resources has been streamlined and re-organised in order to best serve the needs of the CIMB Group as it now stands. The organisation structure takes into account the needs and future plans of the newlyenlarged CIMB Group and is made up of Group Human Resources, Group Corporate Communications and Group Administration. Group Human Resources oversees responsibility for
talent management, continual development of the staff of CIMB Group and the development of organisation-wide HR strategies and practices to ensure effectiveness and standardisation. Group Human Resources consists of 6 key areas: learning and development, organisational development, employee relations, compensation and bene?ts, recruitment and relationship managers. Group Corporate Communications undertakes corporate communications activities, brand development, media relations, products and services advertising and promotions, public relations and events management, strategic internal communications and corporate social responsibility programmes for the CIMB Banking Group.
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