group berhad kumpulan cimb malay type public company industry financial services headquarters kuala lumpur malaysia key people dato sri nazir razak chairman tengku dato zafrul aziz chief executive officer products consumer banking corporate banking investment banking islamic banking asset management insurance & takaful revenue rm14 .672 billion us 4.8 billion 2013 1 operating income rm5 .849 billion us 1.78 billion 2013 1 net income rm4 .54 billion us 1.38 billion 2013 1 total assets rm391 .6 billion us 120 billion sept 2014 2 number of employees over 40 000 2 website www.cimb.com cimb group is a universal bank headquartered in kuala lumpur operating in high growth economies in asean . cimb group is an indigenous asean investment bank the largest asia pacific ex japan based investment bank and one of the world s largest islamic banks . cimb has a wide retail branch network with 1 080 branches across the region . 3 the group operates under several entities which include cimb investment bank cimb bank cimb islamic cimb niaga cimb securities international and cimb thai . the group s business activities are primarily in the areas of consumer banking wholesale banking comprising investment banking and corporate banking treasury & markets and group strategy & strategic investments with its core markets being malaysia indonesia singapore and thailand . cimb islamic operates in parallel with these businesses in line with the group s dual banking model . 4 5 the group has over 40 000 employees located in 18 countries covering asean and major global financial centres as well as countries in which its customers have significant business and investment dealings . 6 the group s geographical reach and its products and services are complemented by partnerships . its partners include the principal financial group bank of tokyo mitsubishi ufj standard bank and daewoo securities among others . 7 8 contents 1 name 2 history 10 3 businesses 10 3.1 consumer banking 3.2 wholesale banking 3.3 group strategy and strategic investments 3.4 islamic banking 4 cimb group s brands 12 5 corporate profile 10 5.1 cimb group holdings berhad 5.2 cimb group 5.3 cimb bank 5.4 cimb investment bank 5.5 cimb islamic 5.6 cimb niaga 5.7 cimb thai 6 references 7 external links name edit cimb is an abbreviation for commerce international merchant bankers . 9 history 10 edit this section contains embedded lists that may be better presented using prose . you can help by converting the list or lists to prose if appropriate . editing help is available . july 2015 learn how and when to remove this template message 1924 bian chiang bank was established in kuching malaysia by wee kheng chiang . its primary activities were business financing and the issuance of bills of exchange . 1935 ban hin lee bank bhlb was established in penang malaysia by yeap chor ee . its original focus was serving local businessmen in their trading and merchant activities . in the 1960s it branched out into real estate and home financing and by 1990 it had become a modern financial institution . it was then listed on the kuala lumpur stock exchange on 7 january 1991 . 1948 bank lippo was founded in 1948 with its headquarters in tangerang indonesia . 1955 established as a national private bank bank niaga expanded to become a full service bank in 1974 . 1965 southern bank berhad sbb was founded as southern banking ltd. it started out in penang and expanded to kuala lumpur . its products included wealth management products credit cards and loans for small and medium enterprises sme . 1965 bank bumiputra malaysia berhad bbmb was incorporated . set up in line with government initiatives to increase bumiputra participation in the national economy the bank grew to be one of the largest with branches throughout the country . by 1980 it had become the largest bank in the country in terms of assets and was the first domestic bank to have operations in new york london tokyo bahrain and hong kong . 5 1972 united asian bank berhad uab was established in kuala lumpur . uab created out of the merger of the malaysian operations and branches of three indian owned banks indian overseas bank indian bank and united commercial bank . the government of india had nationalised the largest banks in india including these three and malaysian law prohibited the operation in malaysia of branches of government owned foreign banks . uab s primary purpose was to encourage enterprise among less prosperous sections of the country . 1974 pertanian baring sanwa multinational berhad pbs was incorporated by bank pertanian baring brothers and multinational bank of the united kingdom and sanwa bank of japan . it was managed by baring brothers and provided corporate advisory and funding services to multinationals . 1979 bian chiang bank was renamed bank of commerce berhad following its purchase by the umno owned fleet group . the bank had rm367 million in total assets and total shareholders funds of rm12 .8 million in 1982 . 1986 pertanian baring sanwa multinational berhad was renamed commerce international merchant bankers berhad cimb . this was a result of bank of commerce berhad replacing bank pertanian as the controlling shareholder of pbs . corporate finance remained cimb s main focus and stock broking was added to its range of services . 9 1991 bank of commerce acquired uab . after the acquisition bank of commerce s branch network increased almost fourfold . the listed holding company was then renamed commerce asset holdings berhad cahb . 1999 bbmb and bank of commerce merged to form bumiputra commerce bank . 2000 as part of a government initiated banking consolidation plan sbb acquired ban hin lee bank berhad and also took over two smaller finance companies perdana finance berhad and cempaka finance berhad . 2003 cimb was listed on the main board of the kuala lumpur stock exchange . in the same year cimb islamic was launched providing customers with syariah compliant solutions . 2004 cimb acquired 70 % of commerce trust berhad ctb and commerce asset fund managers berhad cafm . this led to the formation of cimb principal a joint venture with the principal group of the united states . then in 2005 cimb acquired singapore based g.k. goh which was established in 1979 as an international stock broker . this led to the formation of cimb gk cimb s international investment banking operations . 2005 commerce asset holdings berhad cahb announced a decision to create a universal bank by combining its commercial and investment banks . following this announcement bumiputra commerce group was acquired by cimb . as part of the exercise cahb was renamed bumiputra commerce holdings . 2006 in january cimb completed its restructuring exercise under bumiputra commerce holdings berhad . the new cimb group was known as a universal bank . it made a transition to a full service banking provider serving corporates to individuals . then in march cimb group acquired sbb after extensive negotiations . after the acquisition in september cimb group was launched by the then prime minister of malaysia dato seri abdullah ahmad badawi . 2007 cimb group launched its presence in both thailand and usa through the establishment of cimb gk securities thailand ltd. and cimb gk securities usa inc. in november cimb foundation launched as a not for profit organisation that will carry out the group s corporate social responsibility . 2008 cimb group entered into an agreement for a 19.99 % stake in bank of yingkou adding mainland china to the group s network . in the same year cimb group undertook the merger of pt bank niaga tbk with pt bank lippo tbk to create the sixth largest bank in indonesia . cimb group and the principal financial group launched cimb principal islamic asset management also in that year . lastly cimb group entered into an agreement with financial institutions development fund to purchase a 42.13 % stake in bank thai public company . 2009 cimb bank and cimb islamic moved to a new headquarters the 39 storey menara bumiputra commerce which houses cimb group s consumer banking franchises . the building site was the location of the bank s predecessors bank bumiputra and the united asian bank . in the same year cimb thai was officially launched with its new brand and logo unveiled to the public in may 2009 by khun korn chatikavanji thailand s minister of finance . in september cimb group set up retail banking services in singapore through cimb bank singapore . 2010 cimb group expanded to cambodia through the fully owned subsidiary cimb bank plc. the first branch which also serves as the headquarters was officially launched in phnom penh on 19 november 2010 . 2012 cimb group purchased the asian investment banking business of royal bank of scotland including the rbs franchise in australia . 9 11 businesses 10 edit consumer banking edit cimb group has full fledged consumer banking services across its main operating markets in malaysia indonesia singapore thailand and cambodia . the divisions which comprise consumer banking are consumer sales and distribution which oversees the sales network including branches and mobile sales teams retail financial services which is responsible for most of the retail banking as well as enterprise banking products commercial banking which is responsible for sme and mid size companies group cards and personal financing which is responsible for credit cards businesses and personal loans portfolio wholesale banking edit the wholesale banking business comprises two divisions investment banking and corporate banking treasury & markets . investment banking comprises corporate client solutions which covers the bank s institutional and corporate clients and sector specialists in real estate and agribusiness ; the advisory business unit which consists of corporate finance and project advisory ; the group equities business unit comprising equity capital markets ecm institutional sales research retail equities futures broking and securities services ; and the group asset management business unit which is the bank s retail and institutional fund management arm . corporate banking treasury and markets is responsible for corporate banking ; transaction banking ; the group s markets sales and trading businesses in interest rates credit foreign exchange commodities equities and their derivatives ; debt capital markets ; fixed income investments ; and treasury and funding operations for the group . group strategy and strategic investments edit group strategy and strategic investments consists of group strategy private equity and strategic investments . the division is responsible for undertaking the bank s initiatives in important regional markets . islamic banking edit cimb islamic is cimb group s global islamic banking and finance franchise . it offers the full complement of shariah compliant financial solutions operating in parallel with the group s universal banking franchise . cimb group s brands 12 edit cimb group represents its universal banking franchise . cimb represents its investment banking services asset management and private banking franchise . cimb bank represents its consumer bank and corporate banking franchise in malaysia singapore and cambodia . cimb niaga represents its consumer and corporate banking franchise in indonesia . cimb thai represents its consumer and corporate banking franchise in thailand . cimb islamic is its islamic banking franchise incorporating products and services in compliance with shariah principles . corporate profile 10 edit former group headquarters in kuala lumpur cimb group holdings berhad edit cimb group holdings berhad has been listed on the main market of bursa malaysia since 1987 with a market capitalisation of rm38 .7 billion . total assets at the end of 2015 were rm461 .6 billion with total shareholders funds of rm41 .1 billion and total islamic assets of rm70 .7 billion . 13 cimb group edit the group is a regional universal bank with asean as its core market . the group is headquartered in kuala lumpur malaysia . it has 1 080 branches across eight out of the 10 asean nations . its wholesale division encompasses its indigenous investment