TheEdge
KUALA LUMPUR: RHB Banking Group merged its asset management and unit trust businesses to offer a more integrated investment approach, through one of its subsidiaries, RHB Investment Management Sdn Bhd (RHBIM).
RHBIM, a wholly owned subsidiary of RHB Investment Bank, commenced operations on Jan 1 and will be managing funds in excess of RM4 billion and 23 unit trust funds.
“With the completion of our initiative to combine both asset management and unit trust businesses, we will now be able to offer our customers an even more integrated investment approach,” RHB Investment Bank Bhd’s managing director Chay Wai Leong said in a statement.
“It is our vision and aspiration to be our customer’s choice partner for growth while attaining a leading market position through the expansion of our range of products and services,” Chay said.
Prior to the integration, RHB Banking Group offered its asset management and unit trust products and services through RHB Asset Management Sdn Bhd and RHB Unit Trust Management Bhd respectively.
RHBIM will be helmed by Sharifatul Hanizah Said Ali as chief executive officer. She joined RHB Banking Group on Dec 1, 2006 as RHB Asset Management’s chief executive officer.
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