RHB Investmnent Bank to announce new CEO soon

  • Business
  • Thursday, 04 Jul 2013

KUALA LUMPUR: A new head of RHB Investment Bank Bhd is expected to be announced within three months, according to its officer-in-charge, Mike Chan.

He said the list of candidates had been submitted to the central bank.

“Bank Negara will go through the list. So, it’ll possibly take not more than two or three months,” he said after a signing ceremony between the bank and an Indonesian investment bank yesterday.

RHB Investment Bank yesterday sealed a collaborative agreement with PT Mandiri Sekuritas to jointly promote the issuing of ringgit bonds to selected Indonesian corporate clients.

Under the agreement, RHB Investment Bank will provide expertise in terms of structuring, submission to regulators and pricing.

Meanwhile, Mandiri Sekuritas will assist by providing RHB Investment Bank with access to pre-identified clients who would be interested in the proposed issuances.

“This collaboration is a reflection of the confidence that we have in the Malaysian debt-capital market which is supported by ample liquidity,” Chan said.

Mandiri Sekuritas president director Abiprayadi Riyanto said the collaboration with RHB Investment Bank was part of its mission to have regional milestones.

“The corporate bond market in Indonesia is the highest in East Asia. This elevates our confidence that the Indonesian corporate bonds will be eagerly accepted by Malaysian investors, considering the big appetite of the market,” he said. – Bernama

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