The board of CIM Financial Services Ltd. announced that Mr. Mark van Beuningen has resigned as group chief executive officer of the company with effect from 31 March 2024. To ensure a smooth transition, the board has appointed Mr. Ambrish Maharahaje as interim group chief executive officer subject to relevant regulatory approvals. Mr. Mark van Beuningen joined the Cim Group in 2016 as Managing Director of Cim Finance Ltd. and has had a successful career with the Group culminating in his appointment as Group chief executive officer and executive director of CFSL in 2017.

Mr. Ambrish Maharahaje joined Cim Group in 2014 and has been the Chief Operating Officer of the Group since December 2019.