Teh Hong Piow

2022 - 12 - 12

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Image courtesy of "The Edge Markets MY"

Public Bank founder Teh Hong Piow passes away, aged 92 (The Edge Markets MY)

Public Bank Bhd founder and chairman emeritus Tan Sri Dr Teh Hong Piow passed away on Monday morning (Dec 12) at the age of 92, the bank confirmed in the ...

Teh held a 21.64% stake in Public Bank through his private investment vehicle Consolidated Teh Holdings Sdn Bhd, and also directly held 0.64% of the bank. One of Malaysia’s wealthiest men, Teh founded Public Bank in 1965 at the age of 35. The Bloomberg Billionaires Index is a daily ranking of the world's richest people. Despite having retired as its chairman at the end of 2018, the bank’s stakeholders, particularly minority investors, hold him in such high regard that, until today, his name continues to be synonymous with the bank. He was the second-highest ranked Malaysian on the index after Robert Kuok, who ranked 98th (US$14.9 billion). “It is with deep sorrow we announce that our chairman emeritus...passed away peacefully at 10.20am today at the age of 92.

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Image courtesy of "New Straits Times Online"

Public Bank founder Teh Hong Piow dies at 92 (New Straits Times Online)

KUALA LUMPUR: Public Bank Bhd founder Tan Sri Teh Hong Piow has passed away this morning, leaving a strong legacy of banking and finance behind him.

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Image courtesy of "The Star Online"

Teh Hong Piow, Public Bank founder passes away at 92 (The Star Online)

KUALA LUMPUR: Public Bank Bhd's founder and chairman emeritus, director and adviser Tan Sri Teh Hong Piow has passed away at the age of 92.

“Teh’s passing is a great loss to the Public Bank Group. In 1960, he joined Malayan Banking as a manager. On behalf of the board, management, and staff of the Public Bank Group, we extend our most heartfelt condolences and deepest sympathies to Teh’s family,” Public Bank said in a statement.

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Image courtesy of "The Malaysian Reserve"

Banker extraordinaire Teh Hong Piow passes away at... (The Malaysian Reserve)

PUBLIC BANK Bhd founder Tan Sri Teh Hong Piow passed away today (Dec 12) after helming the major financial institution for close to six decades. He was 92.

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Image courtesy of "South China Morning Post"

Teh Hong Piow, founder of Malaysia's Public Bank, dies at 92 (South China Morning Post)

Teh Hong Piow, founder of Malaysia's Public Bank – the second-largest company listed on Bursa Malaysia with a market capitalisation of 85 billion ringgit ...

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Image courtesy of "Malay Mail"

Passing of Public Bank founder Teh Hong Piow leaves huge void in ... (Malay Mail)

KUALA LUMPUR, Dec 12 — The passing of Public Bank Bhd founder and chairman emeritus, director and adviser Tan Sri Teh Hong Piow, 92, will certainly leave a ...

“His passing will certainly leave a big void for the Public Bank family, the banking sector and the country. “I pray for the family of the late Teh to be patient and strong for their loss,” he said. KUALA LUMPUR, Dec 12 — The passing of Public Bank Bhd founder and chairman emeritus, director and adviser Tan Sri Teh Hong Piow, 92, will certainly leave a big void for the Public Bank family, the banking sector and also the country, said Prime Minister Datuk Seri Anwar Ibrahim.

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Image courtesy of "The Edge Markets MY"

Teh Hong Piow a giant within the banking fraternity, says former ... (The Edge Markets MY)

KUALA LUMPUR (Dec 12): Public Bank Bhd founder Tan Sri Teh Hong Piow, who died on Monday (Dec 12) at the age of 92, was a giant within the banking ...

He was named chairman emeritus and adviser of Public Bank on Jan 1, 2019, and remained as a non-executive director on the board of Public Bank, it said. Teh relinquished his CEO position and was re-designated as non-executive chairman on July 1, 2002. KUALA LUMPUR (Dec 12): Public Bank Bhd founder Tan Sri Teh Hong Piow, who died on Monday (Dec 12) at the age of 92, was a giant within the banking fraternity, said former Bank Negara Malaysia (BNM) governor Tan Sri Muhammad Ibrahim.

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Image courtesy of "The Business Times"

Malaysia's Public Bank founder Teh Hong Piow passes away at 92 (The Business Times)

Teh Hong Piow founded Public Bank in 1965 at the age of 35. In 2019, he was named chairman emeritus, after retiring as the non-executive chairman of the ...

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Image courtesy of "New Straits Times Online"

Teh Hong Piow passing: "The end of an illustrious career of one of ... (New Straits Times Online)

"On behalf of the AmBank Group, our deepest condolences to Tan Sri Teh's family and the entire Public Bank Group," Sulaiman said today. Public Bank, in a ...

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Image courtesy of "Malay Mail"

Public Bank founder Teh Hong Piow dies at 92 (Malay Mail)

KUALA LUMPUR, Dec 12 — Public Bank Berhad (PBB) founder, chairman emeritus, director and adviser Tan Sri Teh Hong Piow reportedly died this morning at the ...

He established the company as a 36-year-old after leaving Malayan Banking Berhad as a general manager, which he served for two years from the age of 34, his biodata on the Public Bank Group website said. Meanwhile, PBB’s profile on the website Global Data described the company as “a provider of a range of commercial and consumer banking, investment banking, Islamic banking, trustee, stock-broking and nominee services”. He passed away peacefully at 10.20am today, according to a report from The Star.

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Image courtesy of "Malay Mail"

Death of Public Bank founder Teh Hong Piow leaves huge void in ... (Malay Mail)

KUALA LUMPUR, Dec 12 — The passing of Public Bank Bhd founder and chairman emeritus, director and adviser Tan Sri Teh Hong Piow, 92, will certainly leave a ...

“His passing will certainly leave a big void for the Public Bank family, the banking sector and the country. “I pray for the family of the late Teh to be patient and strong for their loss,” he said. KUALA LUMPUR, Dec 12 — The passing of Public Bank Bhd founder and chairman emeritus, director and adviser Tan Sri Teh Hong Piow, 92, will certainly leave a big void for the Public Bank family, the banking sector and also the country, said Prime Minister Datuk Seri Anwar Ibrahim.

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Image courtesy of "Euromoney magazine"

Teh's passing marks end of a Malaysian era (Euromoney magazine)

The death of Teh Hong Piow, the founder of Malaysia's Public Bank, marks the end of a distinguished banking life.

His passing raises questions about the bank’s future ownership, since he was – through his private investment vehicle Consolidated Teh Holdings – the largest shareholder, with a 21.6% stake in the bank. He was once told by the then central bank governor Tun Ismail Ali: “If you want to be a banker, be a banker and nothing else.” He told Euromoney that this message of focus struck a chord, and he always lived by it. He would then be seated on a throne of sorts, often with the mortified journalist sitting next to him.

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