Chu was speaking at the panel discussion with Haniz Nazlan and Lawrence Loh at the bank’s media day held in Kuala Lumpur on July 21. Haniz is CEO of the bank’s group consumer banking arm while Loh is the co-CEO of the bank’s group commercial and transaction banking department. Loh, who was previously managing director and head of group business banking at United Overseas Bank (UOB), was appointed to his current role in October 2023.
The timing of the Johor-Singapore Special Economic Zone (JS-SEZ) is a “lot more conducive” compared to previous attempts to bring both zones together, says Chu Kok Wei, CEO of CIMB’s group wholesale banking and corporate treasurer, in response to queries posed by The Edge Singapore.
This is attributed to the wider “cost divergence” between Singapore and Malaysia after the Covid-19 pandemic, which has led to capacity constraints. “It’s not about how much you can pay, [but] the supply is just not there,” he adds.
