SINGAPORE, June 4 (Reuters) - Malaysia's CIMB Group

Holdings Bhd, the country's second-largest bank by

assets, said on Tuesday that it has appointed Novan Amirudin as

its group CEO, effective July 1.

Novan will succeed Abdul Rahman Ahmad, who will step down

from the role on June 30, the lender said in a statement.

Abdul Rahman, who led CIMB since 2020, is stepping down from

the Group CEO role to join Malaysia's largest asset manager

Permodalan Nasional Bhd as new president and group CEO from July

1, a role he used to helm from 2016 to 2019.

Novan, who has more than two decades of banking and advisory

experience, is currently CIMB's co-CEO of Group Wholesale

Banking and CEO of CIMB Investment Bank, according to the

statement.

Before joining CIMB in 2022, Novan spent close to 16 years

with J.P. Morgan, with his last position being Head of

Equity Capital Markets, Southeast Asia and Head of Investment

Banking, Malaysia, CIMB added.

Separately, the lender also appointed Gurdip Singh Sidhu as

CEO, CIMB Malaysia and CEO, CIMB Bank, according to the

statement.