Board of Commissioners

Tengku Dato' Sri Zafrul Tengku Abdul Aziz*


President Commissioner


*) Bank has received the resignation of Tengku Dato’ Sri Zafrul Tengku Abdul Aziz from his position as President Commissioner according to his letter dated 9 March 2020 and will be conveyed to obtain resolution in the 2020 AGM

Age

:

46 years

Nationality

:

Malaysian

Domicile

:

Malaysia

Education

:
  • Master of Arts in Finance and Management, University of Exeter, United Kingdom (1998 - 1999)

  • Bachelor of Science (Hons) in Economics and Accounting from University of Bristol, United Kingdom (1993 - 1996)

Work Experience

:
  • Chief Executive Officer at CIMB Investment Bank Berhad (2014 - 2016)

  • Chief Executive Officer Maybank Kim Eng Holdings (2010 - 2013)

  • Group Director in K&N Kenanga Holdings Berhad (2009 - 2010)

  • Chief Executive Officer Tune Money Sdn Bhd (2007 - 2008)

  • Director, Head of Investment Banking, Malaysia in Citigroup Malaysia (2006 - 2007)

  • Chief Executive Officer & Group Managing Director Avenue Securities Sdn Bhd/Avenue Capital Resources Bhd (2003 - 2006)

  • Manager, Client Coverage CIMB Investment Bank Berhad (2002 - 2003)

  • Presidential Advisor at President's Office Tenaga Nasional Berhad (2001 - 2002)

  • Director & Senior Investment Analyst - Indosuez W.I. Carr (1997 - 1998)

  • Executive, Corporate Finance - Arab Malaysian Merchant Bank Bhd (1996 - 1997)

Concurrent Positions

:
  • Group Chief Executive Officer/Executive Director at CIMB Group Holdings Berhad (2015 - present)

  • Director at CIMB Group Sdn Bhd (2015 - present)

  • Chief Executive Officer/Executive Director at CIMB Bank Berhad (2016 - present)

  • Chairman/Director at TNG Digital Sdn Bhd (2018 - present)

Legal Basis for Appointment

:

First appointed as a Commissioner of CIMB Niaga based on the EGM Resolution 24 August 2017 and effective on 16 March 2018. Then, appointed as President Commissioner of CIMB Niaga based on the EGM Resolution dated 19 December 2018 and effective on 15 March 2019.

Affiliated Relationships

:

Has no affiliation with other members of the Board of Commissioners and members of the Board of Directors, but he has an affiliation with the Majority or Controlling Shareholders.

Term of Office

:

2019 - 2023

Glenn M.S. Yusuf**


Vice President Commissioner


**) Bank has received the resignation of Glenn M. S. Yusuf from his position as Vice President Commissioner according to the letter dated 31 August 2019 which effective on 1 September 2019 and will be proposed for approval in the 2020 AGM

Age

:

64 years

Nationality

:

Indonesian

Domicile

:

Jakarta

Education

:
  • Post Graduate in Business Management from the Asian Institute of Management, Makati, Philippines (1981)

  • Bachelor of Arts Degree at Economics, University of the Philippines, Manila, Philippines (1979)

Work Experience

:
  • President Director at PT Pabrik Kertas Basuki Rachmat (2010-2011)

  • President Commissioner at PT Polyprima Karyareksa (2004 - 2010)

  • President Director/CEO at PT London Sumatera Indonesia Tbk (2003-2007)

  • President Director at PT (Persero) Danareksa (1995-2001)

  • Director at PT Bahana Pembinaan Usaha Indonesia (1994-1995)

  • Finance Director of PT Bank Niaga Tbk (1991-1994)

  • Minister of Finance Assistance Team Leader for Financial Restructuring Sector at RI Finance Department (2001 - 2002)

  • Head of Badan Penyehatan Perbankan Nasional (BPPN) (1998 - 2000)

  • Director General at Financial Institutions RI Ministry of Finance (1998)

Concurrent Positions

: Independent Commisssioner at PT Surya Citra Media Tbk (2012 - present)

Legal Basis for Appointment

:

First appointed as a Commissioner of CIMB Niaga in 2010 and reappointed as Vice President Commissioner of CIMB Niaga at theEGM Resolution dated 26 January 2012, effective on 18 June 2012. Last appointment as Commissioner of CIMB Niaga was based on the AGM Resolution dated 15 April 2016

Affiliated Relationships

:

Has no affiliation with other members of the Board of Commissioners and members of the Board of Directors, but he has an affiliation with the Majority or Controlling Shareholders.

Term of Office

:

2016 - 2020

Zulkifli M. Ali


Independent Commissioner

Age

:

69 years

Nationality

:

Malaysian

Domicile

:

Malaysia

Education

:
  • Master of Business Administration from Dalhousie University, Halifax, Nova Scotia, Canada (1985)

  • Master of Science from University of British Columbia, Vancouver, Canada (1973)

Work Experience

:
  • Independent Commissioner at PT Bank Lippo Tbk (2005-2008)

  • Director Corporate Planning/Corporate Structure in Public Bank Group Malaysia (1993 - 2005)

  • Investment Advisor at Enterprise Malaysia-Canada (1990 - 1993)

  • Group Administration and Controller at Austral Enterprise Berhad (1988 - 1990)

  • Corporate Planning and Development Manager at Island & Peninsular Berhad (1985 - 1988)

  • Lecturer and Vice Dean at University of Science Malaysia, Penang (1976-1983)

Concurrent Positions

:

Does not hold concurrent positions, either as a member of the Board of Commissioners, a member of the Board of Directors, or any otherposition.

Legal Basis for Appointment

:

First appointed as an Independent Commissioner of CIMB Niaga based on the EGM Resolution dated 18 July 2008 and effective on 1 November 2008. As his reappointment as Independent Commissioner exceeded 2 (two) periods, he has stated that he remains independent based on the AGM Resolution dated 15 April 2016.

Affiliated Relationships

:

Has no affiliation with other members of the Board of Commissioners and members of the Board of Directors, or with the Majority or Controlling Shareholders.

Term of Office

:

2016 - 2020

Pri Notowidigdo


Independent Commissioner

Age

:

72 years

Nationality

:

Indonesian

Domicile

:

Jakarta

Education

:

Bachelor in Political Science & Psychology with Honours from Carleton University, Ottawa, Ontario, Canada (1974)

Work Experience

:
  • Chairman & CEO at Amrop Indonesia (1996 - present)

  • Business Practitioner Lecturer, Working Across Borders, Strategic Communication, & Global Outlook, Executive MBA Programmes at IPMI International Business School & SBM of Insitut Teknologi Bandung (ITB) (1994-2016)

  • President Director at TASA International Executive Search (1994 -1996)

  • Partner-in-Charge of Human Resources Consulting Practice at KPMG (1987-1994)

  • Manager of Human Resources Consulting Group at Price Waterhouse Indonesia (1984-1987)

  • International Development Officer at Intercultural Training & Indonesia Desk of Bilateral Relations Programme - Canadian International Development Agency (CIDA) in Ottawa, Canada (1977-1984)

  • Education Programme Officer at Canadian University Service Overseas (CUSO), in Ottawa, Canada (1975-1977),

  • Intercultural & International Development Researcher at Government of Canada and Non-Governmental Organizations in Canada (1972-1975)

Concurrent Positions

:
  • President Director at PT Profesindo Reksa Indonesia, Arghajata Alliance (2016 - present)

  • Senior Partner at PP Arghajata Consulting (2016 - present)

Legal Basis for Appointment

:

First appointed as an Independent Commissioner of CIMB Niaga based on AGM Resolution dated 28 March 2013 and effective on 26 November 2013. Then, reappointed as an Independent Commissioner based on the AGM Resolution of 15 April 2016.

Affiliated Relationships

:

Has no affiliation with other members of the Board of Commissioners and members of the Board of Directors, or with the Majority orControlling Shareholders.

Term of Office

:

2016 - 2020

Jeffrey Kairupan


Independent Commissioner***


***) Appointed as Senior Independent Commissioner of the Bank through CIMB Niaga Board of Commissioners Circular Decree No. 014/DEKOM/KP/VI/2019 as of June 28, 2019

Age

:

62 years

Nationality

:

Indonesian

Domicile

:

Jakarta

Education

:
  • Master of Business Administration in Business and Public Management, George Washington University, Washington DC, USA (2004)

  • Bachelor's Degree in Economics Development Studies from the University of Indonesia, Jakarta (1986)

Work Experience

:
  • Guest lecturer for Faculty of Economics at various universities in the country and overseas (1994 - 2014)

  • Expert Staff of the Board of Governors (2014 - 2014)

  • Executive Director of the International Department (2013 - 2014)

  • Head of the Research Centre for Education and Central Banking Studies (2012 - 2013)

  • Head of the BI Denpasar Regional Office (2009 - 2012)

  • Head of BI Manado (2006 - 2009)

  • Head of Balance of Payments Bureau (2005 - 2006)

  • Economic Researcher in various areas including Money Market Development, Macroeconomics Study, Policy Analysis & Planning and Staff to Governors (1987 - 2005)

  • Member of DKI Masterplan Economic Development team 1985 - 2005 at Hasfarm Dian Konsultan (1985 - 1986)

Concurrent Positions

: Chairman of Yayasan Imamat Rajani Indonesia (2016 - present)

Legal Basis for Appointment

:

Appointed as an Independent Commissioner of CIMB Niaga based on AGM Resolution dated 15 April 2016 and on effective 14 September 2016. Last appointment was as an Independent Commissioner based on AGM Resolution dated 15 April 2016 and on effective 14 September 2016.

Affiliated Relationships

:

Has no affiliation with other members of the Board of Commissioners and members of the Board of Directors, or with the Majority or Controlling Shareholders.

Term of Office

:

2016 - 2020

David Richard Thomas


Commissioner

Age

:

60 years

Nationality

:

American

Domicile

:

Malaysia

Education

:

Bachelor of Art from Whitman College, Washington State, USA (1982)

Work Experience

:
  • Various senior level positions in Singapore, Hong Kong, Thailand and Taiwan for 23 years (1993 - 2007)

  • Chief Credit Officer - Asia Pacific for Bank of America (1995 - 1997)

  • Wells Fargo Bank California, USA (July 1982 - December 1983)

Concurrent Positions

:
  • Commissioner at PT Synergy Dharma Nayaga (2016 - present)

  • Director at GK1World, Kuala Lumpur International School (non-profit) (2015 - present)

  • Director at Kuala Lumpur International School (non-profit) (2012 - present)

  • Group Chief Risk Officer at CIMB Group Holdings Berhad (2012 - present)

Legal Basis for Appointment

:

Appointed as a Commissioner of CIMB Niaga based on AGM Resolution dated 27 March 2014 and effective on 15 September 2014. Last appointment was as a Commissioner of CIMB Niaga based on AGM Resolution dated 24 April 2018 and effective on 24 April 2018.

Affiliated Relationships

:

Has no affiliation with other members of the Board of Commissioners and members of the Board of Directors, but he has an affiliation with the Majority or Controlling Shareholders.

Term of Office

:

2018 - 2022

Didi Syafruddin Yahya


Commissioner

Age

:

53 years

Nationality

:

Indonesian

Domicile

:

Malaysia

Education

:
  • Master of Arts in Economics from Cambridge University, United Kingdom (1993)

Work Experience

:
  • Managing Director, Head of Investment Banking at JP Morgan Malaysia (2005 - 2016)

  • Head of Investment at JP Morgan Indonesia (d/h Jardin Fleming) (1993 - 2005)

  • Manager at Morgan, Grenfell & Co., London, UK and Jakarta, Indonesia (1993)

  • Senior Audit at Arthur Andersen & Co., London, UK (August 1989 - December 1992)

Concurrent Positions

:
  • Non-Executive Independent Director at CIMB Investment Bank Berhad (2019 - present)

  • Independent Director at CIMB Group Holdings Berhad (2019 - present)

Legal Basis for Appointment

:

Appointed as a Commissioner of CIMB Niaga based on AGM Resolution dated 15 April 2019, and effective on 20 November 2019.

Affiliated Relationships

:

Has no affiliation with other members of the Board of Commissioners and members of the Board of Directors, but he has an affiliation with the Majority or Controlling Shareholders.

Term of Office

:

2019 - 2023

Sri Widowati


Independent Commissioner

Age

:

53 years

Nationality

:

Indonesian

Domicile

:

Jakarta

Education

:
  • Master of Science in Finance from University of Denver Colorado, USA (1992)

  • Bachelor's degree, from Business Management Faculty/Department at Bisnis Universitas Trisakti (1990)

Work Experience

:
  • Managing Director at Facebook Indonesia (2016 - 2019)

  • Vice President of Garnier South Asia at L'Oreal Asia Pacific Singapore (2011 - 2012)

  • Head of Garnier International Marketing ASEAN at L'Oreal Asia Pacific Singapore (2011 - 2012)

  • Regional Category Director at Unilever Asia Pacific Singapore (2008 - 2010)

  • Regional Brand Director Vaseline & Natural Brands Asia at Unilever Asia Pacific Singapore (2005 - 2008)

Concurrent Positions

: Chief Growth and Digital Officer at PT Unilever Indonesia Tbk (2019 - present)

Legal Basis for Appointment

:

Appointed as an Independent Commissioner based on AGM Resolution dated 15 April 2019, and on effective 20 November 2019.

Affiliated Relationships

:

Has no affiliation with other members of the Board of Commissioners and members of the Board of Directors, or with the Majority or Controlling Shareholders.

Term of Office

:

2019 - 2023