Former JP Morgan Malaysia equity research head Ng Keng Luen has been appointed chief strategy officer of RGB International Bhd.
Malaysian-based electronic gaming machine manufacturer RGB announced the appointment in a filing with Bursa Malaysia on Thursday (July 6th), saying that Ng has nearly 20 years of experience in the finance market.
According to information provided by the firm, Ng was head of equity research at the Malaysian unit of investment bank JP Morgan from August 2020 until June 2023.
Ng worked for Deutsche Bank in Singapore as a director and as an equity strategist for the market, covering the countries that make up the Association of Southeast Asian Nations (ASEAN) from 2015 to 2019.
He was also with Bank of America Merrill Lynch – now known as Bank of America and BofA Securities – from 2005 until 2014.
RGB International has reported profit growth of 418 percent yearly, to RM10.5 million ($2.3 million), for the quarter ended March 31st, 2023.
In its 1Q23 results announcement, RGB outlined the improved performance, with its consolidated revenues rising by 197 percent year-on-year to RM95.2 million ($20.7 million). However, revenues were down 21 percent compared to 4Q22.