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RHB prepares to focus more on S’pore market with new appointments

by June 21, 2016 General
Robert Huray will become CEO of RHB Investment Bank Bhd.

Robert Huray will become CEO of RHB Investment Bank Bhd.

KUALA LUMPUR: The RHB Banking Group has announced new top management changes as it further revamps its organisational structure to serve corporate clients better and to build Singapore into a key market.

In a statement on Tuesday, RHB said it would form the Group Wholesale Banking (GWB) strategic business sector effective July 1, comprising corporate banking, investment banking, client coverage, group treasury and global marets, asset management and private equity.

RHB Capital group managing director Datuk Khairussaleh Ramli will lead this new sector.

With the enhanced focus on business and operations in Singapore, the RHB group also announced other senior management changes within the group effective July 1.

Mike Chan, currently the managing director (MD) and CEO of RHB Investment Bank Bhd (RHBIB), will become the CEO of RHB Bank Singapore. RHB said the current country head of RHB Bank Singapore, Jason Wong, had decided to leave to pursue other opportunities. 

Robert Huray, the CEO of RHB Securities Singapore Pte Ltd, will take over as CEO of RHBIB and head of group investment banking.

Meanwhile, Kenneth Yeoh Wei Ming, who is currently the head of Asia debt capital markets for RHB Securities Singapore, will succeed Huray as CEO of RHB Securities Singapore.

Khairussaleh said GWB would bring all products together and cater to our clients’ needs more effectively regionally.

According to him, it is important to continue to harness greater synergy, optimise the business potential and capitalise on market opportunities in Singapore.

“Singapore is a key market for RHB in driving international growth,” he said.