Board of Directors

Dr. Tan Chong Koay (Non-Independent)

Dr. Tan was appointed as a director of PUTB on 24 April 2001.

He has been in the fund management industry for over 40 years. He is a Chartered Fellow of Chartered Management Institute (UK) and Fellow of the Institute of Financial Accountants (UK).

From 1976 to 1981, Dr. Tan was with South East Asia Development Corporation Berhad (SEACORP) (now known as Amanah Capital Partners Bhd), an investment holding company that owned the first unit trust company in Malaysia and Singapore.  He was responsible for advising individuals and institutional clients.

After his tenure at SEACORP, Dr. Tan joined Arab-Malaysian Merchant Bank (now known as AmInvestment Bank Berhad) in 1981 for 7 ¼ years as the first Head of the Investment Services division. During his time there, he built up the division from a two to a 65-man strong team with the capabilities to provide a full range of services. In 1987, as the first Executive Director of Arab-Malaysian Unit Trusts Berhad (now known as AmInvestment Services Berhad), he designed, developed and launched Arab-Malaysia Gilts – the first unit trust in Malaysia to invest solely in Malaysian government and bank-backed securities.  In the same year, Dr. Tan participated actively in organising and promoting the concept of raising funds from American investors to invest in Malaysian companies through Malaysia Fund Inc., the first Malaysia closed-ended country fund managed by Morgan Stanley and listed in NYSE in May 1987. During that year, Dr. Tan was rated by William Mercer Zainal Fraser as the top manager for retirement & pension funds in Malaysia.

Dr. Tan joined DG Bank-GZB (Asia) Ltd, a merchant bank in Singapore, in 1988 for 2 years and was the Head of Investment Management Division, servicing private and institutional clients.

In 1990, Dr. Tan moved to John Govett (Asia) Pte Ltd (later known as AIB Govett) as the first Director of Portfolio Investments, for 3½ years. In 1992, he managed The Malaysian Emerging Companies Fund (an original size of US$75m).and the Singapore SESDAQ fund until November 1993.

Dr. Tan is the founder of Pheim Asset Management Sdn Bhd (“Pheim Malaysia”) and Pheim Asset Management (Asia) Pte Ltd (“Pheim Singapore”) which started operations in 1994 and 1995

respectively. Dr. Tan is the Chief Strategist of Pheim Malaysia since 1994 and the Chief Strategist of Pheim Singapore since 1995 except for the period from 2011 to 2015. He is the Executive Chairman of Pheim Malaysia and the Chief Executive Officer of Pheim Singapore. Pheim Asset Management specialises in investing in the ASEAN and Asia ex-Japan region.

Dr. Tan was a Chief Examiner in the Investment paper for Institute of Bankers in Malaysia (from January 1997 to December 2007). He was a committee representative on the Executive Committee of the Investment Management Association of Singapore (IMAS) from 2004 to 2009.  Dr. Tan is a member of the Investment Advisory Committee of Lee Kuan Yew Fund since 2003 and a member of the Investment Advisory Committee of the Lee Kuan Yew Fund for Bilingualisn Ltd for 3 year period, both ending March 1, 2015.

Reputed for his acute sense of market timing and stock selection, Dr. Tan was labelled as the “King of the Second Board” in Malaysia for his well-timed investments in small-cap companies in 1995/1996. He was named “Southeast Asia’s small-cap King” in a Bloomberg article in August 2006. In 2008 & 2010, he was awarded “Best of the Best Award, CEO of the year for Malaysia” by Asia Asset Management, a Hong Kong based publisher of the Journal of Investments and Pensions.

Dr. Tan is recognized in the fund management industry for his wealth of experience and his long and excellent track record of performance. Etalon Conference Ltd named Dr. Tan “The Warren Buffett of Asia” in 2017 for truly enhancing value investing.

In 2010, Dr. Tan was awarded “China Top 10 Financial Intelligent Persons Special Award 2010” by People’s Republic of China.  Also in 2010, Dr. Tan was awarded the Outstanding Entrepreneurship Award by Enterprise Asia. In 2012, he was awarded “Most Respected Chinese Entrepreneurship Award in Asia Pacific” by China Economic Trading Promotion Agency, People’s Republic of China.  In 2014, Dr. Tan was named one of the 80 Global Chinese Eminent Business Leaders by Beijing-based The China Daily.

En. Azmi Malek Merican (Non-Independent)

En. Azmi is the founder and the managing director of Private Label Sdn Bhd, a company that designs and markets consumer goods.  From 1984 to 1999 he was general manager of Janine Sdn Bhd responsible for administration; and maintaining the IT system and accounting procedures . He is currently a director of Janine Sdn Bhd.  He obtained his degree of Bachelor of Science in Economics and Accounting in 1982 from University of Bristol, United Kingdom. He was appointed as an alternate director to Dato’ Malek Merican on 23 April 2008 and he was subsequently appointed as a director on 21 November 2008.

Mr. Hoi Weng Kong (Independent)

Mr. Hoi Weng Kong studied Law at the University of Buckingham, England and graduated in 1991 with Second Class (Upper) Honours. After completing his solicitors’ finals, he returned to Malaysia and worked in an accounting and taxation firm, specialising in corporate and personal taxation. He subsequently qualified as a Certified Chartered Accountant (ACCA, UK) and a Chartered Accountant (MIA, Malaysia) in 1996. Presently, he is the Managing Director of Linden Bucks Sdn Bhd, a vendor and manufacturer of centralized vacuum system, and distributor of software and equipment for scientific research.

Mr. Lee Seng Young (Independent)

Mr. Lee Seng Young is a Fellow of the Association of Chartered Certified Accountants, United Kingdom, a Fellow of the Chartered Accountant, Singapore and a Chartered Accountant, Malaysia. He has over thirty years of experience in the unit trust industry during which he had been in charge of the entire unit trust operations, finance, product establishment & development, and was also involved in managing equity portfolios. Prior to his appointment to the Board, he was with RHB Asset Management Sdn Bhd where he was responsible for the regional operations of the RHB Group Asset Management companies across Malaysia, Singapore, Hong Kong and Indonesia.  Mr. Lee Seng Young was appointed as an independent director of PUTB on 1 July 2016. Mr. Lee Seng Young was appointed as an independent director of PUTB on 1 July 2016.