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 mentioned Mohd Rashid is at present 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 Bank 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 improve operational excellence each in Malaysia and regionally in the direction of attaining its monetary targets and maximising whole 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 intensive expertise inside the monetary companies business with robust industrial, monetary and operational monitor report, spanning greater than 20 years in senior management positions with a number of monetary establishments throughout Malaysia and Singapore.

During his tenure with the group, Mohd Rashid has performed a key function in driving the profitable execution of the group’s FIT22 technique, delivering vital strategic and monetary achievements which incorporates driving the consolidation, as nicely as spearheading the mixing 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 leadership within the group and underlines the effectiveness of our succession planning.

“We are confident that Mohd Rashid, with the support of the group senior management team, will be able to lead the group into the next phase of our transformation journey as we continue to deliver value for all our key stakeholders,” chairman Tan Sri Ahmad Badri Mohd Zahir mentioned in a press release.

“Our sincere appreciation to Khairussaleh, for his leadership and invaluable contributions in the last eight years. We wish him all the best in his future endeavours,” he added.

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