KUALA LUMPUR Dec 23 Hong Leong Bank's
chief executive of Islamic finance is leaving the company to
join rival AMMB Holdings (AmBank) as the head of
investment banking, two sources familiar with the matter said on
Raja Teh Maimunah Raja Abdul Aziz will join AmBank once the
company gets the go-ahead from the central bank, one of the
Raja Teh is currently on gardening leave and her last day at
Hong Leong will be Feb. 3, a third source said.
The sources did not want to be identified as the move is yet
to be officially announced.
Hong Leong confirmed Raja Teh has resigned. AmBank did not
immediately respond to requests for comment.
AmBank's group CEO was quoted in the New Straits Times
newspaper on Friday saying Raja Teh will be joining the firm,
but did not say in what role.
Raja Teh was appointed chief executive of Hong Leong Islamic
Bank in 2011, before which she headed Bursa Malaysia's global
Islamic capital markets.
(Reporting by Liz Lee and A. Ananthalakshmi; Editing by Amrutha