Teh Hong Piow

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Tan Sri Dato' Seri Dr.
Teh Hong Piow
Chia & Teh 2.jpg
Native name 郑鸿标
Born 14 March 1930
Occupation Founder & Chairman of Public Bank
Net worth IncreaseUS$5.15 Billion (2017)[1]
Children 4 children

Tan Sri Dato' Seri Dr. Teh Hong Piow (simplified Chinese: 郑鸿标; traditional Chinese: 鄭鴻標; pinyin: Zhèng Hóng Biāo) is the founder and Chairman of Public Bank Berhad in Malaysia.

Biography[edit]

Hong Piow was born in Singapore on 14 March 1930. He attended his formal primary and secondary education at the Anglo-Chinese School in Singapore. He has been married to Puan Sri Tay Sock Noy since 1956 and they have four children - one daughter and three sons.[2]

Career[edit]

He began his banking career in 1950 as a Bank Clerk in Overseas-Chinese Banking Corporation Ltd. and rose in rank to officer within five years. He joined Malayan Banking Berhad as Manager in 1960. Later in 1964, he was promoted to the position of General Manager at the young age of 34[3], then Founded Public Bank Berhad in 1965 and commencement of business operation in 1966. [4] He has since overseen its evolution into a modern and integrated financial institution with a wide network of 259 domestic and two overseas branches.[5]

One of Malaysia's wealthiest businessmen, Piow obtained three degrees at the unaccredited Pacific Western University and two PhDs at Clayton University (also unaccredited) and University Malaya.[6] His net worth is estimated by Forbes to be US$4.7 billion, making him the 223rd richest person in the world and the 5th richest in Malaysia.[1]

Tan Sri Teh is currently the Chairman of Public Bank Group. He also holds leading positions in various organisations such as Public Foundation, Malaysia and LPI Capital Berhad, Malaysia (Group).[7]. He is set to retire in 1st of January 2019 as a chairman but would continue to stay on as adviser to provide guidance and support the continued growth of Public Bank and the Public Bank group. Teh, who is also the non-executive chairman of the units – Public Islamic Bank Bhd (PIBB) and Public Investment Bank Bhd (PIVB) has retire as chairman on Jan 1, 2018. However, he will stay on as non-executive director.[8]

References[edit]