RHB wholesale banking head Omar resigns after less than 6 months

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KUALA LUMPUR (Nov 14): Omar Siddiq Amin Noer Rashid, RHB Bank Bhd’s wholesale banking head, has quit after less than six months at the Malaysian lender.

Omar’s resignation was effective Tuesday, a representative for the bank confirmed in an emailed response to Bloomberg queries. He had been with RHB, Malaysia’s fifth-biggest lender by market value, since June 1, according to a statement at the time he was hired.

Omar had previously worked at Malaysia Airlines Bhd and at sovereign wealth fund Khazanah Nasional Bhd, according to his LinkedIn profile. He has also been a managing director of corporate client solutions at RHB’s cross-town rival CIMB Group Holdings Bhd, the profile shows.

There have been several changes to RHB’s senior ranks since last year as it shifted strategy, combining its institutional equities and equity capital markets business and scrapping plans to merge with AMMB Holdings Bhd. This year’s departures include Teh Kihui, the Singapore-based head of client coverage for its financial institutions group, as well as Soon Poh Lean, its Kuala Lumpur-based head of mergers and acquisitions, people familiar with the matter said earlier.