Tan Sri Abdul Rashid Hussain (born 1946 in

Singapore Singapore, officially the Republic of Singapore, is an island country and city-state in Southeast Asia. The country's territory comprises one main island, 63 satellite islands and islets, and one outlying islet. It is about one degree ...

) is a

Malaysia Malaysia is a country in Southeast Asia. Featuring the Tanjung Piai, southernmost point of continental Eurasia, it is a federation, federal constitutional monarchy consisting of States and federal territories of Malaysia, 13 states and thre ...

n entrepreneur. He is the founder of RHB Group. In less than a decade, he built a financial services conglomerate comprising a stockbroking firm, a commercial bank, a finance company and a merchant bank-

RHB Bank RHB Bank Berhad () is a Malaysian bank based in Kuala Lumpur and founded in 1997. It is the fourth largest fully integrated financial services group in Malaysia. RHB Bank has over 200 branches in Malaysia and provides a range of banking produ ...

. He began his financial services career in 1971 with Strauss Turnbull in Britain and returned to Malaysia in 1975 to work in Bumiputra Merchant Bankers Bhd. He then left Bumiputra Merchant Bankers in 1983 to start Rashid Hussain Securities. Under his stewardship, RHB Securities became one of the leading stockbrokers in Malaysia. In the mid-1990s, the colossal RHB Vision City was developed by Rashid Hussain; developed as a joint venture with

Daewoo Daewoo ( ; ; ; ; literally "great universe" and a portmanteau of "''dae''" meaning great, and the given name of founder and chairman Kim Woo-choong) also known as the Daewoo Group, was a major South Korean chaebol (type of conglomerate) and aut ...

(which supplied all the construction know-how). He is known by some as "The most capable Muslim entrepreneur of his generation (in Malaysia)". Hussain was the Chairman of Putrajaya Holdings Sdn Bhd from 1995 to 2000 and served as a board member and Chairman of the executive committee of

Khazanah Nasional Khazanah Nasional Berhad (; Trade name, traded as Khazanah Nasional or simply Khazanah) is the sovereign wealth fund of the Government of Malaysia. One of the largest sovereign wealth funds in the world, it was established to invest surplus ...

Berhad from 1994 to 1998. He was married to a daughter of

Robert Kuok Robert Kuok Hock Nien, better known as Robert Kuok, (born 6 October 1923) is a Malaysian business magnate, investor and philanthropist based in Hong Kong since 1973. According to ''Forbes'', his net worth is estimated at $11.8 billion as of Apr ...

. Hussain is the youngest son of Mohammed Hussain, who hailed from Penang and who later moved to Singapore and developed a successful business there. His mother is of Malay and Arab descent.

References

Living people Malaysian businesspeople Malaysian people of Malay descent Malaysian company founders Malaysian chairpersons of corporations 1946 births {{Malaysia-bio-stub