Malaysian entrepreneur (born 1946)
This article is about the Malaysian businessman. For the Palestinian poet, see
Rashid Hussein.
Tan Sri Abdul Rashid Hussain (born 1946 Singapore) is a Malaysian 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. 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.[1]
In the mid-1990s, the colossal RHB Vision City was developed by Rashid Hussain; developed as a joint venture with Daewoo (which supplied all the construction know-how). He is known by some as "The most capable Muslim entrepreneur of his generation (in Malaysia)".[2]
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 Berhad from 1994 to 1998.[citation needed]
He was married to a daughter of Robert Kuok.[3] 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.
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