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.

Mr. Leong Hoe Kit (Non-Independent)

Mr Leong has more than 20 years of work experience relating to financial services and capital markets, including active involvement in investment activities.

The early years of his career was spent in Price Waterhouse (now known as PwC) where he was a pioneering member of the Financial Services Industry Practice group, a specialist team involved in providing auditing and business advisory services to clients in industries like stockbroking, funds management, unit trusts, futures broking, commercial banks and merchant banks. After five (5) years building his foundation in Price Waterhouse, Mr Leong joined HLG Capital (now known as Hong Leong Capital), an investment banking and capital markets services provider, where he sharpened his skills and served for nine (9) years, and last held the position of Group Financial Controller. Subsequently, he joined CLSA Securities Malaysia, where he helped set up their Kuala Lumpur operations office, and served as Executive Director of Operations for seven (7) years. After leaving CLSA, Mr Leong had a short sojourn in corporate finance in the non-financial services sector before he returned to the financial services industry when he joined Pheim Asset Management as Chief Executive Officer.

Mr Leong is a Chartered Accountant registered with the Malaysian Institute of Accountants and a member of CPA Australia. He is also a holder of a Capital Markets Services Representative’s Licence for Fund Management in relation to Portfolio Management issued by the Securities Commission.”

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. Ahmad Subri Bin Abdullah (Independent)

Encik Ahmad Subri Bin Abdullah brings with him over 40 years of experience in the insurance, reinsurance and financial services industry in England, Singapore and Malaysia. He has served as CEO for over 20 years in various companies including Trust International Insurance, MCIS Insurance, Mayban Life Assurance, Malaysia National Insurance and recently as Managing Director of Emerio Malaysia, an IT Services Company.

He spent over 11 years in the Maybank Group and was instrumental in successfully implementing the bancassurance business practice. Whilst under his stewardship, Mayban Life Assurance won the coveted Asia’s Life Insurance Company of the Year 1999. It is well recognized that Maybank Group is one of the most successful bancassurers in Asia.

Currently, Encik Ahmad Subri Bin Abdullah serves as Director and Advisor to a number of public and private companies in Malaysia and Singapore including Berjaya Sompo Insurance Berhad, Malaysian Life Reinsurance Group Berhad, ECS ICT Berhad and Emerio (Malaysia) Sdn Bhd which is a member of NTT Communications Group Japan.

He is a Chartered Insurer, Fellow of the Chartered Insurance Institute, UK and Fellow of the Malaysian Insurance Institute.”