RHB withdraws appointment of Viegas as Managing Director

RHB Banking Group has withdrawn its application to Bank Negara for Renzo Viegas’ appointment as the managing director of RHB Bank Bhd.

The financial institution explained that this was due to Viegas’ intention to take time off for personal matters next year, acording to The Star.

“In the interim, Viegas will continue to be the principal officer of RHB Bank, pending the appointment of the new chief executive officer/managing director.

“Viegas will subsequently partner the new CEO/MD in continuing the business strategy and performance track record of the group’s commercial banking business,” it said.

It said the group was now undergoing an internal reorganisation as part of its continuous efforts to further enhance its competitiveness following Viegas’ intention to take time off next year.