RHBCap unveils senior management changes

The changes are seen at RHB Investment Bank Bhd (RHBIB) where Robert Huray(inset), currently the chief executive officer (CEO) of RHB Securities Singapore Pte Ltd, will be appointed as CEO of RHBIB and head of group investment banking.

PETALING JAYA: RHB Capital Bhd has announced several senior management changes within the group, as the bank gears up to optimise the business potential of Singapore.

The changes are seen at RHB Investment Bank Bhd (RHBIB) where Robert Huray, currently the chief executive officer (CEO) of RHB Securities Singapore Pte Ltd, will be appointed as CEO of RHBIB and head of group investment banking.

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

Mike Chan,  who is currently the managing director (MD) and CEO of RHBIB, will be appointed as the CEO of RHB Bank Singapore.

The current country head of RHB Bank Singapore, Jason Wong, has decided to pursue other opportunities.

RHB said in a statement yesterday that Chan would collaborate with the group’s other businesses in Singapore to optimise the business potential in the country and create better synergy in an effort to spur value creation for the group.

“Singapore is a key market for RHB in driving international growth. It is important that we continue to harness greater synergy, optimise business potential and capitalise on market opportunities. This will ultimately benefit our customers and enable us to serve them better,” said its group MD Datuk Khairussaleh Ramli in a statement.

“These internal appointments will add another dimension of experience and expertise to our leadership line-up. Chan, Huray and Yeoh are testament to the group’s continued focus on growing our own talents, providing opportunities for regional movements and realising leadership growth,” he added.

Huray has been the CEO of DMG & Partners Securities Pte Ltd, now known as RHB Securities Singapore, since April 10, 2013.

He started his career at DBS Bank as an associate in the investment banking group in 1999, then as an associate in the corporate finance team at Credit Suisse First Boston from 2000 to 2004.

At Credit Suisse, Huray completed various merger and acquisition (M&A) transactions and fund-raising assignments in South-East Asia. He later joined Citigroup Asia-Pacific as a vice-president in the M&A team in 2004.

Yeoh joined RHB Securities Singapore on Feb 25, 2013, as the director/head of fixed income and was later appointed as the head of Asia debt capital markets, covering Singapore, Thailand, Indonesia and Hong Kong on June 3, 2015.

Before his stint at RHB, Yeoh was the head of DCM South-East Asia, attached with the Australia & New Zealand Banking Group, Singapore.

Chan first joined the RHB Banking Group in May 2010 as the head of corporate banking.

He was later appointed as the officer-in-charge of RHBIB in 2011 in addition to his role as director of corporate banking.

He was then appointed as the MD/CEO of RHBIB in 2013 and played an important role in the merger and integration of RHBIB-OSKIB which took place in the same year.

Meanwhile, the group will also establish the group wholesale banking (GWB) strategic business sector, effective July 1.

GWB would be established to enable the group to serve its corporate clients better across all products and strengthen its regional footprint, RHB said in the statement.

The business pillars under group wholesale banking will comprise corporate banking, investment banking, client coverage, group treasury and global markets, asset management and private equity.

RHB said GWB would be led by Khairussaleh in the interim.