KUALA LUMPUR (Jan 4): RHB Banking Group has appointed Datuk Fad'l Mohamed as its new managing director of group wholesale banking, effective from Feb 2.
In a statement on Thursday, the group said he succeeds Syed Ahmad Taufik Albar, who resigned on Wednesday.
Fad'l stepped down as the chief executive officer of Maybank Investment Bank (Maybank IB) on Wednesday. He joined the investment bank in 2015 as its deputy CEO.
He started his career as a lawyer at Messrs Rashid & Lee in 1991, before joining the Securities Commission Malaysia in 1993.
After that, he joined investment banking firm Dresdner Kleinwort Benson. In 2004, he founded Maestro Capital Sdn Bhd, a licensed corporate finance adviser advising on mergers and acquisitions, capital raising and initial public offerings, before joining Maybank IB.
According to RHB, Fad'l holds a Master of Business Administration from Imperial College London, the UK, and a Bachelor of Law (Honours) degree from the University of London.
He is also a Fellow Chartered Banker with the Asian Institute of Chartered Bankers.
“We are delighted to welcome [Fad’l] to RHB as part of our group’s senior management team. With over two decades of experience in capital markets and investment banking, Fad’l is well equipped to lead our group wholesale banking.
"His deep understanding and insights into the financial markets and proven leadership capabilities are vital to navigating the complex financial landscape, driving the group’s corporate strategy of Together We Progress 2024 and enhancing value for our clients.
"The appointment of [Fad’l] as the MD of group wholesale banking is a strategic move that complements our robust succession planning programme, blending external expertise with our existing talent pool to foster a more diverse and dynamic leadership team.
"By bringing in fresh perspectives and skills, we will be able to enhance our ability to adapt to market changes, innovate and spur innovation within the group,” said RHB group MD and group CEO Mohd Rashid Mohamad.
“We would also like to take this opportunity to express our sincere appreciation to Syed Ahmad Taufik for his invaluable contributions and commitment to the group, and wish him all the best in his future endeavours,” he added.