RHB forms new strategic business groups; makes key appointments

RHB Bank Bhd appointed existing senior management members to head the new strategic business groups (SBG).

KUALA LUMPUR: RHB Bank Bhd has established a new group management organisation structure, which entailed the setting up of new strategic business groups (SBG) as part of its effort to further strengthen the senior management bench.

In a statement, the banking group said it had also appointed existing senior management members to head the SBGs.

The two new SBGs are group community banking and group wholesale banking.

“Within this, group community banking will comprise all existing retail banking businesses as well as SME banking business, while group wholesale banking will comprise group investment banking, group corporate banking, group treasury & global markets, group asset management, commercial banking, transaction banking, and economics, ” RHB said.

The current head of group business and transaction banking, Jeffrey Ng Eow Oo (pic, below), will spearhead the newly established group community banking as managing director.

Mohd Rashid Mohamad (pic, below), who is currently group treasurer, will be appointed as managing director, group wholesale banking. Both appointments will take effect from July 1,2021.

“In his expanded role as managing director of group community banking, Ng will be responsible to lead the group towards achieving our aspiration of becoming a truly community bank, further growing our individual and SME customer base, asset size, deposits, wealth business, profitability and market share, leveraging on all available sales channels across the country and our on-going pursuit to digitise customer journeys, ” RHB said.

It added that the new SBG would also allow the group to achieve greater synergies between the retail and SME segments, in line with its FIT22 strategic aspirations of growing our affluent and wealth business, leveraging on our SME customer base.

“For group wholesale banking, Rashid’s appointment as managing director entrusts him with leading business portfolios, focusing on deepening long term relationship with existing clients, building new set of clients, and offering holistic solutions across all products tailored to the needs of our diverse client base.

“Additionally, asset management is a key pillar of this SBG, where accelerating assets under management and profitability growth is a key priority, ” RHB Bank group managing director Datuk Khairussaleh Ramli said.

Succeeding Rashid in his previous role as group treasurer is Angus Salim Salleh Amran (pic, above), who is currently the head of group sales, group treasury and global markets, effective July 1.

The group has appointed Ganesh Sabaratnam (pic, below) as managing director/chief executive officer of RHB Investment Bank, which will also take effect on July 1.

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