RHB Capital managing director resigns

Hong Kong

RHB Capital managing director Kellee Kam has resigned after more than three years as head of Malaysia's fourth largest financial services group, a source with knowledge of the matter said.

Mr Kam will serve out a three-month notice period, said the source, who asked not to be identified because the information is not public. His resignation comes after RHB Capital last month called off a plan to merge with two other banks to form what would have been the country's biggest financial group by assets.