In the memo, CIMB Singapore's chief executive Victor Lee had told staff that letting go of the three department heads was a"hard decision".
"This unprecedented pandemic has severely affected the economy and our business, forcing us to take a hard look at our business model and direction," he wrote. This would involve reshaping business portfolios and driving cost efficiency across the bank, as well as streamlining the leadership structure and enabling the CEO to focus on key areas impacting the business, he wrote.Among the trio that is leaving the bank, at least two have been with the bank for almost a decade.
Mr Yong has been with CIMB since 2011, and had joined the bank from OCBC, where he was the business head of the global enterprise banking division.Sources told BT that there have been talks of restructuring within the Singapore office since the middle of the year, with the possibility of wider lay-offs here.
nylahuda how is Bursa Malaysia performing to this and what exact opening price for Monday opening bell speculations *winks. is BM Academy reopening soon post-PSBB? ask Abang Bob, resource center. send regards from L