Teh Hong Piow

Teh Hong Piow (simplified Chinese: 郑鸿标; traditional Chinese: 鄭鴻標; pinyin: Zhèng Hóng Biāo; Jyutping: Zeng6 Hung4 Biu1; Pe̍h-ōe-jī: Tēⁿ Hông-piau; 14 March 1930 – 12 December 2022) was a Malaysian banker and businessman. He was the founder, chairman, director, and adviser to the Public Bank Berhad in Malaysia. Teh was one of three individuals in the country who were permitted to hold a stake of more than 10% in a domestic financial institution.[1]

In this Chinese name, the family name is Teh (郑).

Yang Berbahagia Tan Sri Dato' Sri

Teh Hong Piow

PSM SSAP SPMJ SIMP SSIJ JP
郑鸿标
Born(1930-03-14)14 March 1930
Singapore, Straits Settlements
Died12 December 2022(2022-12-12) (aged 92)
Kuala Lumpur, Malaysia
OccupationBusinessman
TitleFounder, Chairman Emeritus, Director and Adviser of Public Bank
SpouseTay Sock Noy
Children4

Biography

Teh 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 – three daughters, Lilian Teh Li Ming, Lillyn Teh Li Hua, Diona Teh Li Shian and a son, William Teh Lee Pang.[2]

On 12 December 2022, Teh died at the age of 92.[3]

Career

Teh 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,[4] then founded Public Bank Berhad in 1965 and commencement of business operation in 1966.[5] He has since overseen its evolution into a modern and integrated financial institution with a wide network of 259 domestic and two overseas branches.[6]

One of Malaysia's wealthiest businessmen, Teh obtained three degrees at the unaccredited Pacific Western University and two PhDs at Clayton University (also unaccredited) and University Malaya.[7] His net worth was estimated by Forbes to be US$4.7 billion, making him the 223rd richest person in the world and the 5th richest in Malaysia.[8]

Teh was the Chairman of Public Bank Group. He also held leading positions in various organisations such as Public Foundation, Malaysia and LPI Capital Berhad, Malaysia (Group).[9] On 1 January 2019, he had retired as a chairman but continued to stay on as an adviser to provide guidance and support the continued growth of Public Bank and the Public Bank group. Teh, who was also the non-executive chairman of the units – Public Islamic Bank Bhd (PIBB) and Public Investment Bank Bhd (PIVB) had retired as chairman on 1 January 2018. However, he stayed on as a non-executive director.[10]

Teh had been awarded around 45 awards during his career, including the award for ‘Greatest Malaysian Banker of All Time’ by the Asia Pacific Brands Foundation.[11]

Honours

Honours of Malaysia

References
  1. "6,000 gather to thank Teh Hong Piow for piloting Public Bank to success". Free Malaysia Today. Retrieved 10 October 2018.
  2. "Public Bank Group".
  3. "Teh Hong Piow, Public Bank founder passes away at 92". The Star. 12 December 2022.
  4. "Founder, Chairman Emeritus, Director and Adviser's Biodata at Official Public Bank's website".
  5. "Stocks". Bloomberg News. 12 June 2023.
  6. "Teh Hong Piow to retire as Public Bank chairman in 2019".
  7. Sze, Joanna. (16 June 2002). New Straits Times Evergreen banker. Page 56.
  8. Teh Hong Piow - Forbes.com
  9. "Founder, Chairman Emeritus, Director and Adviser's Biodata at Public Bank's official website".
  10. "Teh Hong Piow to retire as Public Bank chairman in 2019".
  11. "Public Bank's Teh declared 'The Greatest Malaysian Banker Of All Time'". 13 March 2018.
  12. "Senarai Penuh Penerima Darjah Kebesaran, Bintang dan Pingat Persekutuan Tahun 1983" (PDF).
  13. "SEMAKAN PENERIMA DARJAH KEBESARAN, BINTANG DAN PINGAT". Prime Minister's Department (Malaysia). Retrieved 26 December 2020.
  14. "Five made Datos by Pahang Sultan". The Straits Times. 30 May 1966. p. 7.
  15. "Bintang Pahang untok Sultan Johor". Berita Harian. 30 May 1967. p. 2.
  16. Johore Sultan's Birthday List Parade. New Straits Times. 3 November 1973.
  17. Johore Sultan Awards Honours To 460. New Straits Times. 28 October 1974.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.