Home News In print this week

Public Bank founder Teh’s exit plan may mean changes ahead

Adeline Paul Raj
Adeline Paul Raj8/14/2017 08:00 AM GMT+08  • 6 min read
Public Bank founder Teh’s exit plan may mean changes ahead
(Aug 14): On July 31, Public Bank founder and non-executive chairman Teh Hong Piow became the second Malaysian banking tycoon this year to announce his impending retirement. The first was AMMB Holdings chairman Azman Hashim.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

(Aug 14): On July 31, Public Bank founder and non-executive chairman Teh Hong Piow became the second Malaysian banking tycoon this year to announce his impending retirement. The first was AMMB Holdings chairman Azman Hashim.

“To have two owners of what are deemed to be owner-run banks leaving... that’s quite a big thing, considering how few owner-run banks there are left in Malaysia. The industry landscape is surely changing,” remarks a seasoned banker. Apart from Public Bank and AMMB, the only other owner-run banking group is Quek Leng Chan’s Hong Leong Bank.

“In Teh’s case, he remains a major shareholder and will take on an adviser’s role after he retires. Thus, one can argue that nothing really changes at the bank... he will still be consulted on the major decisions,” the banker adds.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.