RHB targets top 10 position in Indonesia

KUALA LUMPUR: RHB Banking Group, through PT RHB Sekuritas Indonesia (PT RHBSI), a subsidiary of RHB Investment Bank, aims to become one of the top 10 brokerage firms in Indonesia by 2024.

The group said this was part of the RHB’s new three-year Together We Progress 2024 strategy of building an integrated overseas business, in which Indonesia would be one of its key markets within the Asean region.

“We have enhanced our resources and rebuilt our capabilities in Indonesia, with the aim of driving our capital markets and advisory business in the country,” said RHB group managing director and group chief executive officer Mohd Rashid Mohamad. — Bernama