On the move

A roundup of new hires and other moves in the region's financial and risk markets

Malaysian bank CIMB has appointed David Thomas, Asia-Pacific chief risk officer (CRO) at Royal Bank of Scotland (RBS), to work in its head office in Kuala Lumpur. While RBS completes the recruitment process for Thomas’s successor, Asia-Pacific chief administrative officer, John Shelley, will assume his CRO duties. Shelley’s role will be shared by two colleagues.

CIMB’s recruitment of Thomas comes two months after it acquired RBS Asia-Pacific’s cash equity and investment bank business for about