RHB names Mohd Rashid Mohamad as group MD/CEO

by SHAFIQQUL ALIFF / pic by TMR FILE

RHB Bank Bhd has appointed Mohd Rashid Mohamad (picture), 54, as group MD and Group CEO effective April 1, 2022, replacing Datuk Khairussaleh Ramli, who left the group on March 25 ahead of joining Malayan Banking Bhd as group president and CEO effective May 1. 

Mohd Rashid is currently the group MD of wholesale banking at RHB and was appointed custodian and principal officer of RHB Banking Group on Jan 24, 2022. 

He began his career at Bank Negara Malaysia to serve in the examinations and supervision department, and investment and financial markets operations. 

He joined RHB as group treasurer in 2014 and was made MD of group wholesale banking in July 2021. 

“He has extensive experience within the financial services industry with a strong commercial, financial and operational track record, spanning more than 20 years in senior leadership positions with several financial institutions across Malaysia and Singapore namely ABN AmroNV, The Royal Bank of Scotland and AmBank Group. 

“During his tenure with the group, he has played a key role in driving the successful execution of the group’s FIT22 strategy (Fund Our Journey, Invest To Win and Transform The Organisation), delivering significant strategic and financial achievements. 

“This includes driving the consolidation, as well as spearheading the integration and digitalisation of group wholesale banking products and solutions across the region,” the RHB press statement read. 

The group wholesale banking contributed 57% of the group’s profit before tax as of the financial year 2021. 

RHB Group chairman Tan Sri Ahmad Badri Mohd Zahir said the appointment brought continuity and stability to leadership within the group and underlined the effectiveness of its succession planning. 

Mohd Rashid has a Master in Business Administration with distinction from the University of Wales Cardiff, UK, and is a member of the Malaysian Institute of Accountants.