RHB said to hire ex-Stanchart banker Goh to head client coverage

KUALA LUMPUR (BLOOMBERG) - RHB Bank, Malaysia's fourth-biggest lender by assets, hired former Standard Chartered Plc banker Goh Ken-Yi to head client coverage in its Singapore securities unit, people with knowledge of the matter said.

The banker started working this week at RHB Securities Singapore, according to the people. He was most recently a managing director in charge of commercial real estate for Singapore and Southeast Asia at Standard Chartered, the people said, asking not to be identified as the appointment isn't public. Mr  Goh will take over from Teh Kihui, who is poised to head a newly-created group at RHB targeting deals involving financial institutions, the people said. Mr Goh will report to Kenneth Yeoh, the head of RHB Securities Singapore, the people said.

RHB, based in Kuala Lumpur, expects a revival in regional equity and bond sales to boost its investment banking revenues next year. The unit's contribution to group revenue is projected to reach as much as 35 per cent in 2017, from an estimated 25 per cent to 30 per cent this year, Robert Huray, the firm's head of investment banking, said in an interview this month.

A representative for RHB didn't immediately respond to requests for comment. A spokeswoman for Standard Chartered confirmed that Mr Goh left the bank this year and declined to comment further.