RHB and OSK complete merger

RHB Holdings Hong Kong is now a member of the RHB Banking Group.

The merger between RHB Investment Bank, a unit of Malaysia’s third largest bank, and OSK Investment Bank saw the 100% stake of RHB Holdings Hong Kong previously held by OSKIB transferred to RHBIB.

RHB Holdings Hong Kong is now a member of the RHB Banking Group, a leading Malaysian financial services group.

"It is an exciting time for the RHB Banking Group as we move towards positioning ourselves as a leading multinational financial services group in the region," said Kellee Kam, group managing director.

He said RHBIB has a staff strength of over 3,600, shareholders' funds of some US$623 million and a network of close to 100 offices in seven countries across ASEAN and China.

Kam said that RHBHHK targets to assist more of its mainland China customers in their funding and capital raising activities.