Published on 18 Sep 2019.
RAM Holdings Berhad (RAM) is pleased to announce the appointments of Lee Wai Kit (Chris) as RAM’s Group Chief Executive Officer (CEO) and Promod Dass as Deputy Group CEO.
Chris joined RAM in 1993 and most recently helmed RAM Consultancy Services Sdn Bhd (RAM Consultancy) until 31 December 2018. Over the last 8 years, he played a primary role in developing and executing RAM Group’s strategic direction, while overseeing key operational responsibilities including RAM’s thrust into sustainability ratings and green bond second opinions. Chris is also appointed as an Executive Director of RAM and RAM Rating Services Berhad (RAM Ratings).
Formerly the Deputy CEO of RAM Ratings, Promod joined RAM in 2000 and has 23 years of experience in the financial services industry including 18 years at RAM Ratings. He will oversee the rebranding of RAM Consultancy to its new name of RAM Sustainability Sdn Bhd (RAM Sustainability). Promod will continue to helm RAM Sustainability as its CEO.
RAM Sustainability is a core part of our strategic innovation and adds on to RAM Group’s almost 30 years of credit rating excellence. In February 2017, RAM Sustainability introduced sustainability ratings, which measure a company’s ESG factors and the positive impact they create. RAM Sustainability is the first ASEAN-based provider of sustainability ratings and second opinions. Innovative, climate-friendly technologies and green solutions in energy, transportation and buildings as well as other sectors are increasingly being funded by green bonds and sukuk, both in Malaysia and on a global scale. RAM Sustainability also has the distinction of being the first Registered Observer of the International Capital Market Associations’ Green Bond Principles, Social Bond Principles and Sustainability Bond Guidelines in ASEAN.