KUALA LUMPUR: RHB Banking Group has appointed Danny Quah Boon Leng as country head, Singapore and chief executive officer (CEO), RHB Bank Singapore with effect from Friday, Feb 1.
RHB also said Thoo Kim Seng will assume the position of CEO, RHB Indochina Bank, Cambodia. Thoo, 52, will be responsible for the group’s business and operations in Cambodia.
The banking group said on Thursday Quah, 49, takes over from Mike Chan Cheong Yuen, who will be pursuing other opportunities outside the group.
“As country head, Singapore and CEO of RHB Bank Singapore, Danny will lead the formulation and execution of RHB Singapore’s business strategy covering commercial banking, investment banking and asset management,” according to its statement.
RHB also said Thoo takes over from Lim Loong Seng, who will be returning to Malaysia to take up a senior position in group retail banking to help implement one of the FIT22 strategic initiatives.
RHB Banking Group managing director Datuk Khairussaleh Ramli said the appointments of Quah and Thoo will bolster the group's strengths and capabilities in Singapore and Indochina region respectively.
“Danny’s extensive regional leadership experience combined with his deep understanding of the Singapore and Asean markets will be an asset in driving the group’s business growth in Singapore and collaboration across the region,” Khairussaleh said.
Quah’s career in banking and finance spans 24 years across five countries in the Asia Pacific region, more than 10years of which were in the positions of CEO and country head.
He had served in Standard Chartered Bank, Fullerton Financial Holdings and Canadia Bank. Prior to this appointment, he was the regional CEO for Chong Sing Fintech Group, a listed company in Hong Kong, where he was tasked to set up a regional HQ in Singapore to invest in Fintech companies across Southeast Asia.
Quah has a Bachelor in engineering degree in information system engineering from Imperial College of Science, Technology & Medicine, London.
Thoo, has served in various capacities within RHB Banking Group over the last 14 years.
He was the deputy country head of RHB Indochina Bank, Cambodia from April 2015 to February 2017, before returning to Malaysia to take up the position of regional director, Klang Valley West, group retail distribution in March 2017. Thoo has a Masters in marketing from Dublin Metropolitan University.