RHB group managing director and CEO Datuk Mohd Rashid Mohamad
PETALING JAYA: RHB Bank
Bhd has conducted an internal restructuring process as part of its PROGRESS27 corporate strategy, which aims to reinforce its position as a leading financial provider.
Group managing director Datuk Mohd Rashid Mohamad said the move marks a pivotal step in achieving its PROGRESS27 aspirations which aims to make the bank the best service bank, driving high profitability while upholding its commitment as a responsible and purposeful financial institution.
“It strengthens our senior management bench while enhancing focus, accountability, and execution – positioning us to drive sustainable growth, foster innovation, and deliver greater value for our stakeholders,” he said.
In a statement, the bank said it has established group corporate & business banking (GCBB) and group wholesale banking (GWB) with effect on May 1, 2025. GCBB will consist of corporate banking, commercial banking and SME banking under a unified structure.
It will ensure a clear distinction between income streams – GCBB will focus on net interest margin (NIM) from lending and deposits, while GWB will drive non-interest income (NOII) through investment banking, treasury and transaction banking.
The current managing director of group international business & corporate banking, Wendy Ting will be appointed as the new managing director of GCBB.
GWB will focus more on five core areas – investment banking, treasury & global markets, transaction banking, client coverage, and economics.
“RHB is in the process of identifying the most suitable leadership to take on the role of managing director of GWB,” it noted.
The banking group has also set up group international business that will see to the development of tailored strategies to address local market dynamics and regulatory environments.
The department will be effective on April 1, 2025 and led by Danny Quah who is the current chief executive officer of RHB Singapore.
Quah will be succeeded by current deputy chief executive officer, Goh Ken-Yi.
RHB will also integrate group corporate communications, group marketing, group customer experience, and social impact under the newly formed group brand & customer experience, effective April 1, 2025.
“By aligning these key functions, RHB is better positioned to adapt to evolving expectations and deliver long term value across all customer touchpoints. Current group chief sustainability & communications officer, Norazzah Sulaiman will head this department,” the bank said.
Meanwhile, to further commit to sustainability, RHB stated it will establish a dedicated group sustainability pillar reporting directly to the group managing director, effective April 1, 2025.
Current head of sustainable finance, Angus Salim will now be the officer-in-charge of group sustainability.
