RHB Capital moves to grow Indonesia, Thai operations

Singapore

RHB CAPITAL Bhd plans to bolster its investment-banking operations in Indonesia and Thailand where it expects equity and bond sales to increase, as the fourth-largest Malaysian bank seeks new sources of growth outside of sluggish markets at home.

RHB will add up to four people in Bangkok to handle baht-denominated bond transactions, and as many as the same number in Jakarta for its Indonesian debt capital markets and advisory business, Mike Chan, the firm's head of investment banking, said in an interview in October in Kuala Lumpur.