KUALA LUMPUR: HSBC Bank Malaysia Bhd has appointed Omar Siddiq to the post of CEO, succeeding incumbent Stuart Milne who is retiring at end-March 2022.

       In a statement, the bank said Omar, who was most recently the deputy CEO, Malaysia, and CEO of group wholesale banking at CIMB Group Holdings Bhd , will report to Surendra Rosha, co-chief executive for HSBC, Asia Pacific.

       Omar will also join the boards of HSBC Bank Malaysia Bhd and HSBC Amanah Malaysia Bhd as an executive director, as well as a member of the Asia Pacific executive committee.

       “We welcome Omar into his role as the CEO for HSBC Bank Malaysia to lead us in our next phase of growth.

       "Malaysia presents huge opportunities across some of HSBC’s key strategic focus areas – growth in Asean, sustainable finance and digital innovation.

       "Omar’s extensive experience and in-depth knowledge of the local market will be invaluable as we strengthen our Malaysian operations to support the Group’s Asian growth ambitions,” said Surendra.

       Prior to joining CIMB, Omar was the head of group wholesale banking at RHB Bank Bhd and was also the former executive director and group chief financial officer at Malaysia Airlines.

       He has also held roles in the investments division at Khazanah Nasional Bhd and was a member of the senior management team focusing on the aviation and airport sectors.