RHBCap identifies new managing director

Kam will continue to carry out his responsibilities until May 4.

KUALA LUMPUR: RHB Capital Bhd (RHBCap) has identified a successor and will seek Bank Negara’s approval for the person to helm the fourth largest financial institution by assets following the resignation of current group managing director Kellee Kam.

“A successor has been identified. The board will now proceed to seek approval from Bank Negara to appoint the said successor. An announcement will be made upon receipt of the approval,” said RHBCap, which is nearly 41% owned by the Employees Provident Fund (EPF).