RHB group managing director and CEO Datuk Mohd Rashid Mohamad.
KUALA LUMPUR: RHB Investment Bank Bhd (RHB IB), a wholly-owned subsidiary of RHB Bank Bhd, is divesting 99.95% of its stake in RHB Securities (Thailand) Public Company Limited, marking its exit from the Thai stockbroking and securities market.RHB IB said the divestment aligned with its long-term strategic focus to optimise capital, streamline resources, and strengthen its presence in core markets.
“The decision to divest RHB Securities Thailand follows a comprehensive review of our business and the operating environment in Thailand,” RHB group managing director/group chief executive officer Datuk Mohd Rashid Mohamad said in a statement.
“This is part of our ongoing strategy to focus on markets where we can achieve greater impact.
“During this transition, we are fully committed to ensuring a seamless experience for our clients and maintaining the highest levels of service,” he added.
