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CIMB names Ludwigson as Australia Investment Banking head

Malaysia based investment bank CIMB has appointed RBS managing director Oscar Ludwigson to lead its investment banking division, in a move to close acquisition of the latter's Australian unit.

Ludwigson has been working with RBS Australia since December 2007 and currently over telecommunications, media, technology, or TMT, and entertainment businesses units, according to a memo cited by Deal Journal Australia.

Apart from sharpening relations with existing clients, he will concentrate on the upcoming businesses from Southeast Asia, and North Asia as part of CIMB’s acquisition of RBS’s Asian arm.

Prior to joining the Scottish lender, he worked with ABN Amro in London and Sydney, Credit Suisse in Melbourne and Citigroup in New York and Houston, as reported by The Wall Street Journal.

With over 43,000 employees, CIMB Group trades in nine out of the 10 ASEAN nations, with exposure to 99% of the region’s population and almost 100% of its gross domestic product.