RHB appoints Mohd Rashid Mohamad as group MD/CEO

KUALA LUMPUR: RHB Banking Group has appointed Mohd Rashid Mohamad as group managing director/ group chief government officer efficient April 1, 2022.

Mohd Rashid, 54, succeeds Datuk Khairussaleh Ramli, who left the financial institution on March 25.

In a press release, RHB stated Mohd Rashid is at the moment the managing director of group wholesale banking, and was appointed officer-in-charge/ principal officer of RHB Banking Group on Jan 24, 2022.

He started his profession in Financial institution Negara, the place he had the chance to serve within the examination/supervision and funding operations & monetary markets departments.

As group managing director/group chief government officer Mohd Rashid will lead the group in driving enterprise progress and additional enhancing operational excellence each in Malaysia and regionally in direction of attaining its monetary targets and maximizing complete shareholder returns.

Mohd Rashid joined RHB as group treasurer in 2014 and was later appointed as managing director of group wholesale banking in July 2021.

He has in depth expertise inside the monetary companies business with robust industrial, monetary and operational observe document, spanning greater than 20 years in senior management positions with a number of monetary establishments throughout Malaysia and Singapore.

Throughout his tenure with the group, Mohd Rashid has performed a key position in driving the profitable execution of the group’s FIT22 technique, delivering vital strategic and monetary achievements which incorporates driving the consolidation, in addition to spearheading the combination and digitalisation of group wholesale banking merchandise and options throughout the area.

As at FY21, group wholesale banking contributed 57% of the group’s pre-tax revenue.

“This appointment brings continuity and stability in management inside the group and underlines the effectiveness of our succession planning.

“We’re assured that Mohd Rashid, with the help of the group senior administration group, will be capable to lead the group into the following part of our transformation journey as we proceed to ship worth for all our key stakeholders,” chairman Tan Sri Ahmad Badri Mohd Zahir stated in a press release.

“Our honest appreciation to Khairussaleh, for his management and invaluable contributions within the final eight years. We want him all one of the best in his future endeavours,” he added.


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