PETALING JAYA: RHB Banking Group has named inside candidate Mohd Rashid Mohamad as its group managing director (MD)/chief government officer (CEO) efficient April 1.
He might be succeeding Datuk Khairussaleh Ramli, who left the banking group on March 25 to affix Malayan Banking Bhd (Maybank) as CEO.
In a press release yesterday, RHB stated Mohd Rashid, 54, was at present the MD 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 served the examination/supervision and funding operations and monetary markets departments. Mohd Rashid joined RHB as group treasurer in 2014 and was later appointed as MD of group wholesale banking in July 2021.
RHB stated because the group MD/CEO, Mohd Rashid will lead the group in driving enterprise development and additional enhancing operational excellence each in Malaysia and regionally in direction of attaining its monetary targets and maximizing complete shareholder returns.
“He has in depth expertise inside the monetary providers trade with a powerful business, monetary and operational monitor report, spanning greater than 20 years in senior management positions with a number of monetary establishments throughout Malaysia and Singapore, particularly, ABN Amro NV, The Royal Financial institution of Scotland and AmBank Group,” it stated.
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 important strategic and monetary achievements, which embody driving the consolidation, in addition to spearheading the mixing and digitalisation of group wholesale banking merchandise and options throughout the area.
As at monetary yr 2021, group wholesale banking contributed 57% of RHB’s revenue earlier than tax.
“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 assist of the group senior administration staff, will be capable of lead the group into the subsequent section of our transformation journey as we proceed to ship worth for all our key stakeholders,” stated RHB chairman Tan Sri Ahmad Badri Mohd Zahir.
“Our honest appreciation to Khairussaleh, for his management and invaluable contributions within the final eight years.
“We want him all the perfect in his future endeavours,” he added.
Mohd Rashid holds a Grasp in Enterprise Administration with distinction from the College of Wales Cardiff, United Kingdom and is a member of the Malaysian Institute of Accountants or MIA.
In March, the biggest financial institution in Malaysia Maybank introduced the appointment of Khairussaleh because the banking group’s new president and CEO efficient Might 1.
He might be taking up from Datuk Seri Abdul Farid Alias, who will depart on April 30 after he didn’t search an extension of his contract which was to run out on Aug 1 this yr.