PETALING JAYA: RHB Banking Group has appointed new chief executive officers for its Singapore and Cambodia operations.

The group said in a statement that the senior appointments would be effective today.

For RHB Bank Singapore, Danny Quah Boon Leng has been appointed the new country head and CEO.

The 49-year-old Quah will replace Mike Chan Cheong Yuen, who will be pursuing other opportunities outside the group.

Meanwhile, Thoo Kim Seng will assume the position of CEO for RHB Indochina Bank, Cambodia.

Thoo, 52, will succeed Lim Loong Seng, who will be returning to Malaysia to take up a senior position in the group’s retail banking segment.

According to RHB, Quah will lead the formulation and execution of RHB Singapore’s business strategy covering commercial banking, investment banking and asset management.

Thoo will be responsible for the banking group’s business and operations in Cambodia.

“The appointment of Quah and Thoo will bolster our strengths and capabilities in Singapore and the Indochina region, respectively.

“Quah’s extensive regional leadership experience, combined with his deep understanding of Singapore and other Asean markets, will be an asset in driving the group’s growth in Singapore and collaboration across the region,” said RHB group managing director Datuk Khairussaleh Ramli in the statement.

Quah, who has a Bachelor in Engineering Degree in Information System Engineering, has 24 years of experience in the banking and finance industry. He has served in five countries across the Asia-Pacific.

Meanwhile, Thoo has served in various capacities within RHB over the last 14 years. He has a Masters’ Degree in Marketing.