RHB Cap to unveil new management line-up soon

RHB Capital Bhd, now under the control of the Employees Provident Fund (EPF), will soon reveal a new management line-up that could see the group getting a chief executive officer, a top official said.

"We will announce soon ... definitely before the year-end," EPF chief executive officer Datuk Azlan Zainol, who is also the chairman of RHB Bank, told Business Times yesterday.

He said the new team will "most likely" include the naming of a CEO. He, however, did not reveal any potential candidates.

"It (the new line-up) will more or less be the same with the current one. We are just expanding what they are doing now," Azlan said.

EPF won control of the RHB Group in March this year after buying Utama Banking Group's 32.8 per cent stake in Rashid Hussain Bhd.

The state pension fund now holds about 82.3 per cent of RHB Capital and has asked for three months from July 18 this year to comply with a public spread of 25 per cent.

"We want to make banking hip ... there's a new dynamism in RHB Banking Group," Azlan said at the launch of a new online banking facility for its business customers yesterday.

"RHB is now the country's fourth-largest bank, but with your support, we hope to grow with the customers," he said.