Kuwait Finance House Close To Acquiring RHB?

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Dec 10 2006
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A source was reported told Business Times that RAJA Teh Maimunah has left the Bahrain-based Unicorn Investment Bank (UIB) to join Kuwait Finance House ( KFH ) in January 2007. She has been appointed as the chief corporate officer, overseeing the international business and corporate expansion of KFH, the source added.

Raja Teh was previously picked by UIB to head its Malaysian unit when the office was established last year. She was formerly the senior vice-president of investment banking at RHB Sakura Merchant Bankers Bhd (ring a bell?). Recently there was rumor that KFH was talking into the possibility of acquiring Rashid Hussain Bhd (RHB : stock-code 1309).

The rumor was strengthen by news that KFH met Sarawak Chief Minister Abdul Taib Mahmud, whose family controls Cahya Mata Sarawak Bhd which controls Rashid’s parent, Utama Banking Group (UBG : stock-code 6831).

Prior to RHB Sakura, she was with CIMB Bhd for 10 years.

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