Tigor Siahaan Joins Emtek-Grab's Digital Bank

Senior banker Tigor M. Siahaan officially resigned as PT Bank CIMB Niaga Tbk (BNGA) President Director and CEO after almost seven years in charge of the Malaysia investor's bank. Tigor will reportedly lead a digital bank integrated with the digital business ecosystem, which results from a joint venture between the Elang Mahkota Teknologi (Emtek) Group and decacorn Grab.

Tigor submitted his resignation as president director on Thursday, CIMB Niaga's management announced. Furthermore, an extraordinary general meeting of shareholders (RUPSLB) will be held shortly to approve his resignation and appoint a new president director. "The Nomination and Remuneration Committee and the Board of Commissioners have started the selection process of his successor. Mr. Tigor continues to provide optimal support during the transition process," CIMB Niaga management stated in a press release, Friday.

A source told D-Insights that Tigor's resignation sparked rumors among bankers. Tigor is said to be leading a digital bank. A banker familiar with this matter said that the digital bank that Tigor will lead is integrated with a digital business ecosystem that includes various online and offline all-commerce services, digital payments, and other technology services. "Tigor's figure is perfect for developing a digital bank in the ecosystem," one banker told D-Insights. Katadata.co.id tried to confirm the news to Tigor still have not received any response.