Friday 11 November 2011

EPF’s Johari is new RHB Bank managing director

KUALA LUMPUR: The RHB banking group has appointed Johari Abdul Muid, who was the deputy CEO of the Employees Provident Fund (EPF), RHB Bank Bhd’s new managing director.

In a filing with Bursa Malaysia yesterday, RHB Capital Bhd (RHBCap) said Johari will assume his duties on Monday with Renzo Viegas named as RHB Bank deputy managing director.

Viegas has been RHB Bank’s principal officer prior to his new appointment.

Johari has resigned from his positions as non-independent and non-executive director of RHBCap, RHB Bank and RHB Islamic Bank.

“He (Johari) will drive the next stage of the group’s commercial banking business in Malaysia and the region,” RHB Bank said in a press statement.

Viegas will be responsible for RHB Bank’s retail banking and global financial banking businesses, RHB Bank said.

The 54-year-old Johari has three decades of financial sector experience. He began his career as a money market dealer at Asian International Merchant Bankers Bhd in 1981.

Johari to drive next stage of the group's commercial banking business in the region.


Johari has also spent 11 years at Commercial International Merchant Bankers Bhd until 1994 and nine years at CIMB Securities Sdn Bhd until 2004 before joining the EPF.

During his stint at the EPF, Johari was the chief investment officer (equity) from 2004 to September 2007 before he was made deputy CEO of investment until September 2009.

His last position at the EPF was deputy CEO, a position he held from September 2009.


This article appeared in The Edge Financial Daily, November 11, 2011.
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