The business merger between RHB Investment Bank (RHBIB) and OSK Investment Bank (OSKIB) has been completed on April 13 2013. With the merger, the 100% stake of RHBHHK previously held by OSKIB is now owned by RHBIB.

RHB Holdings Hong Kong (RHBHHK), formerly OSK Holdings Hong Kong (OSKHHK) is now a member of the RHB Banking Group, a leading financial services group in Malaysia.

"It is an exciting time for the RHB Banking Group as we move towards positioning ourselves as a leading multinational financial services group in the region," commented Kellee Kam, group managing director.

He added that RHBIB has a staff strength of over 3,600, shareholders' funds of over RM2 billion and a comprehensive network of close to 100 offices, in seven countries across Asean and China.

"Additionally, the combined strengths of RHBIB and OSKIB will create a strong regional platform which will allow us to serve our customers even better. Our expanding team at RHBHHK will continue to deliver value to our customers through our expertise in Institutional sales and trading, corporate finance, retail, and research. Now, backed by the RHB Banking Group, a leading financial services group in Malaysia, and with an enhanced regional footprint, RHBHHK will be able to offer more comprehensive products for both our retail and institutional clients," said Kellee Kam.

"Moving forward, RHBHHK targets to assist more of our mainland China customers in their funding and capital raising activities," he added.

Other subsidiaries under RHBHHK have also been renamed as follows: RHB OSK Securities Hong Kong; RHB OSK Nominees Hong Kong; RHB OSK Futures Hong Kong; RHB OSK Finance Hong Kong; RHB OSK Capital Hong Kong; RHB OSK Precious Metals Hong Kong' RHB OSK Wealth Management Hong Kong and RHB OSK (China) Investment Advisory Company.