Kuala Lumpur, 28 October 2011
KUALA LUMPUR, 28 October 2011 - Following the recent vesting order received from the High Court of Malaya transferring the entire business including all assets and liabilities of EONCAP Islamic Bank Berhad ("EIBB") into Hong Leong Islamic Bank ("HLISB") on 24 October 2011, HLISB has announced YM Raja Teh Maimunah Raja Abdul Aziz as its Chief Executive Officer, effective immediately.
Raja Teh Maimunah, with over 18 years of experience in the financial industry focusing in Investment Banking and Islamic Finance, was the Global Head of Islamic Markets at Bursa Malaysia prior to her appointment in HLISB. She was also the Chief Corporate Officer and Head of International Business at Kuwait Finance House Malaysia and CEO of Bank AlKhair Malaysia (previously Unicorn Investment Bank). She also served in CIMB Investment Bank covering the debt and equity origination and equity sales and was responsible for the establishment of the Investment Banking division in RHB Investment bank in 2004. Raja Teh is also the Adviser on Islamic Banking and Finance to the World Islamic Economic Forum Foundation and holds an LLB (Hons) from the University of East London.
"We have much to look forward to as a strong and united Hong Leong Islamic Bank with the new leadership. I am confident with Raja Teh's leadership, HLISB will continue to innovate to be a preeminent player in the Islamic financial services industry," said Yvonne Chia, Group Managing Director of Hong Leong Bank.
-END-Press Release - 28/10/2011