News
Board of Directors
Dato Teo Chiang Quan - 2016

Dato' Teo Chiang Quan

Chairman & Executive Director

Hon Doc Middlesex University, United Kingdom

Dato’ Teo, a Malaysian, aged 67, joined the Board of Directors of Paramount Corporation Berhad (Paramount) on 19 January 1977. On 8 June 2015, Dato’ Teo succeeded Dato’ Md Taib bin Abdul Hamid as the Chairman of the Board following Dato’ Taib’s relinquishment of the position. He is also a member of the Remuneration Committee.

Dato’ Teo has been playing an active role in the management of Paramount and its group of companies (the Group) since he first served as the Chief Executive of the Group’s insurance division in 1981. In 1989, he was promoted to the position of Group Managing Director & Group Chief Executive Officer (CEO), a position he held until 1 December 2008, when he was appointed as the Deputy Chairman of the Board. He re-assumed the role of Group CEO during the interim period from 15 April 2013 to 30 June 2014 pending the appointment of a new Group CEO.

Dato’ Teo has been instrumental in shaping Paramount into a reputable and financially sound diversified Group. The Group has benefitted tremendously from his relentless drive to push for more innovative ideas to grow the business which, in turn, inspired the Group’s strength-through-synergy strategy. Dato’ Teo’s visionary leadership has taken the Group to another level of growth.

Mr. Jeffrey Chew - 2016

Jeffrey Chew Sun Teong

Group Chief Executive Officer & Executive Director

Fellow of the Association of Chartered Certified Accountants (ACCA), United Kingdom
Fellow of the Asian Institute of Chartered Bankers (AICB)

Member of the Malaysian Institute of Accountants

Jeffery Chew, a Malaysian, aged 51, was appointed as the Group CEO of Paramount on 1 July 2014. Chew joined the Board of Paramount on 8 June 2015. He began his career at PricewaterhouseCoopers and thereafter, joined Citibank Berhad (Citibank) where he held various roles over 12 years, including in customer relationship management, risk management, international offshore banking and product management. His last position in Citibank was General Manager of Commercial Banking.

He then joined OCBC Bank (Malaysia) Berhad (OCBC) in April 2003 as its Head of SME Business, and was subsequently promoted to Head of Business Banking. He was appointed as a Director and CEO of OCBC in August 2008 and helmed the position for 6 years. During his tenure at OCBC, he also served as a Director of Pacific Mas Berhad, Credit Bureau (Malaysia) Sdn Bhd, Credit Guarantee Corporation Malaysia Berhad and OCBC Al-Amin Bank Berhad.

Currently, Chew serves on the Advisory Committee of ACCA Malaysia, and he is a council member of AICB. He is also an Independent Director of the Asian Banking School and a member of the Small Debt Resolution Committee of the Bank Negara Malaysia.

Dato Md Taib bin Abdul Hamid - 2016

Dato' Md Taib bin Abdul Hamid

Independent Non-Executive Director

B.A (Hons) Economics

Dato’ Taib, a Malaysian, aged 78, joined the Board of Paramount on 14 November 1994 and was appointed as Chairman of the Board on 20 July 2001, a position that he held until 8 June 2015, following his decision to relinquish the position and to remain as an Independent Non-Executive Director of the Company. Dato’ Taib is the Chairman of the Remuneration Committee and is also a member of the Audit, Nominating and Board Risk Management Committees.

Dato’ Taib, who has had a long and distinguished career spanning both the private and public sectors, brings to the Group a wealth of invaluable experience and has contributed significantly to the growth of the Group over the years. He began his career with Bank Negara Malaysia, serving from 1960 to 1975 and has held the position of Executive Director of a commercial bank, and was also actively involved with financial institutions including as the Chairman of a commercial bank.

Dato Rohana Tan Sri Mahmood - 2016

Dato' Rohana Tan Sri Mahmood

Independent Non-Executive Director

B.A (Hons) Politics, University of Sussex, United Kindgdom

Masters in International Relations, University of Sussex, United Kingdom

Dato’ Rohana, a Malaysian, aged 62, joined the Board of Paramount on 28 July 1997, and was re-designated as an Independent Non-Executive Director in 2008. She is also the Chairman of the Board Risk Management Committee.

Dato’ Rohana is the Chairman and Founder of RM Capital Partners Sdn Bhd, a Malaysian private equity fund which is a spin off from the successful Ethos Capital, a Malaysian private equity fund established in 2007, where she was also the Chairman and Co-Founder. The fund successfully ended in November 2012. She is also the President Emeritus and founding Member of the Kuala Lumpur Business Club, an exclusive (by invitation only) networking, and business development organisation limited to 100 members of Malaysia’s leading corporate and business leaders.

Dato’ Rohana is also involved in several distinguished international bodies, serving as a member of the Global Council of Asia Society, New York, a member of the Advisory Board of Chubb Limited, New York, a board member of Pacific Basin Economic Council, Hong Kong, a member of the APEC Business Advisory Council and as a board member of the Institute of Strategic and International Studies Malaysia. Dato’ Rohana was also attached to the Ministry of Foreign Affairs Malaysia.

Other than Paramount, Dato’ Rohana’s directorship in public companies include AMMB Holdings Berhad, AmInvestment Bank Berhad, Sime Darby Berhad and Sime Darby Property Berhad.

Mr Ong Keng Siew - 2016

Ong Keng Siew

Independent Non-Executive Director

Fellow of the Association of Chartered Certified Accountants

Ong, a Malaysian, aged 60, joined the Board of Paramount on 14 November 1994 and was re-designated as an Independent Non-Executive Director on 14 August 2014. He is also a member of the Audit Committee.

Ong has served the Group in various positions for more than 30 years before retiring in 2012. He began his career with the Group as an Accountant in 1981 and was promoted to the position of Finance and Administration Manager in 1984. He was subsequently appointed as General Manager to oversee the operations of the property development and construction divisions in 1989.

Ong assumed the post of Deputy Group Managing Director & Deputy Group CEO in 1997 before succeeding Dato’ Teo as the Managing Director & CEO of Paramount on 1 December 2008.

On 18 June 2012, after serving the Group with distinction for more than 30 years and ensuring that it was on a strong footing, Ong retired as the Managing Director & CEO of Paramount.

Other than Paramount, Ong also serves on the board of directors of United Malacca Berhad.

Dato Seri Michael Yam Kong Choy - 2016

Datuk Seri Michael Yam Kong Choy

Senior Independent Non-Executive Director

Fellow of the Royal Institution of Chartered Surveyors

Fellow of the Chartered Institute of Building

Datuk Seri Yam, a Malaysian, aged 63, joined the Board of Paramount on 18 February 2010 and was designated as the Senior Independent Non-Executive Director on 27 February 2014. He is also the Chairman of the Nominating Committee and a member of the Board Risk Management Committee.

Datuk Seri Yam has had an illustrious career spanning more than 35 years in the construction, real estate and corporate sectors, helming two different award winning public listed property companies as the Managing Director and CEO before his early retirement in 2008. He was also voted the “CEO of the Year 2002” for Malaysia by American Express Corporate Services and Business Times.

Trained as a building engineer in the United Kingdom with various companies and the British Civil Service after his graduation in Building and Management Studies from the University of Westminster, London, Datuk Seri Yam, upon his return to Malaysia, served in several large companies, such as Landmarks Berhad, Peremba Malaysia, Country Heights Holdings Berhad and Sunrise Berhad.

He is currently appointed on the boards of various Government incorporated and non-government organisations serving as the Chairman of InvestKL Corporation and a non-executive director of Malaysia Property Incorporated. He is also the Immediate Past President and patron of the Real Estate and Housing Developers' Association of Malaysia and is appointed as a trustee of the Standard Chartered Foundation, a charity body.

Other than Paramount, Datuk Seri Yam’s directorship in public companies include Standard Chartered Bank Malaysia Berhad, Standard Chartered Saadiq Berhad, Malaysia Airports Holdings Berhad, Sunway Berhad, and Cahya Mata Sarawak Berhad.

Mr Quah Chek Tin - 2016

Quah Chek Tin

Independent Non-Executive Director

B.Sc.(Hons) Economics, the London School of Economics & Political Science
Fellow of the Institute of Chartered Accountants in England and Wales

Member of the Malaysian Institute of Accountants

Quah, a Malaysian, aged 65, joined the Board of Paramount on 6 February 2007. He is the Chairman of the Audit Committee and is also a member of the Nominating, Remuneration and Board Risk Management Committees.

He began his career with Coopers & Lybrand, London before returning to Malaysia. He joined the Genting Group in 1979 and prior to his retirement in 2006, was the Executive Director of Genting Berhad as well as Executive Director and Chief Operating Officer of Genting Malaysia Berhad.

Other than Paramount, Quah’s directorship in public companies include Genting Malaysia Berhad, Genting Plantations Berhad and Batu Kawan Berhad.

Tan Sri James Foong Cheng Yuen - 2016

Tan Sri James Foong Cheng Yuen

Independent Non-Executive Director

LL.B. (Hons), University of London

Doctorate of Laws, University of the West of England

Tan Sri Foong, a Malaysian, aged 71, joined the Board of Paramount on 25 May 2016.

He graduated from the University of London with LL.B. (Honours) in 1969 and was called to the English Bar by the Honourable Society of the Inner Temple in 1970. Subsequently, he was called to the Malaysian Bar as an advocate and solicitor in 1971. In 2009, he was made Bencher of the Honourable Society of the Inner Temple, London, and in 2011, he was conferred an honorary Doctorate of Laws degree by the University of the West of England

From 1971 to 1990, Tan Sri Foong was engaged in private legal practice in both criminal and civil law, majoring in insurance law. While in private practice, he acted as legal adviser to numerous guilds and associations in Malaysia, and was also a commissioner of oath and notary public.

In 1990, Tan Sri Foong was appointed as a Judicial Commissioner, and was elevated to the High Court Bench in 1992. He then served as a High Court Judge at the Kuala Lumpur (Criminal Division), Johor Bahru, Shah Alam, Kuala Lumpur (Civil Division), Ipoh, and Kuala Lumpur (Family Division and Civil Division) Courts. He was elevated to the Court of Appeal in 2005 and subsequently to the Federal Court (Malaysia Supreme Court) in 2009. As a Federal Court Judge, he was made a Managing Judge of the Civil Division of the High Court in Kuala Lumpur and of the High Court and Subordinate Courts in the state of Penang. He retired from the Malaysian Judiciary on 25 February 2012.

Currently, he also serves as Chairman of the Ombudsman for Financial Services, set up under the initiative of Bank Negara Malaysia.

Other than Paramount, Tan Sri Foong's directorship in public companies include Genting Berhad and Only World Group Holdings Berhad

OUR UNITS
Board of Directors
Dato Teo Chiang Quan - 2016

Dato' Teo Chiang Quan

Chairman & Executive Director

Hon Doc Middlesex University, United Kingdom

Dato’ Teo, a Malaysian, aged 67, joined the Board of Directors of Paramount Corporation Berhad (Paramount) on 19 January 1977. On 8 June 2015, Dato’ Teo succeeded Dato’ Md Taib bin Abdul Hamid as the Chairman of the Board following Dato’ Taib’s relinquishment of the position. He is also a member of the Remuneration Committee.

Dato’ Teo has been playing an active role in the management of Paramount and its group of companies (the Group) since he first served as the Chief Executive of the Group’s insurance division in 1981. In 1989, he was promoted to the position of Group Managing Director & Group Chief Executive Officer (CEO), a position he held until 1 December 2008, when he was appointed as the Deputy Chairman of the Board. He re-assumed the role of Group CEO during the interim period from 15 April 2013 to 30 June 2014 pending the appointment of a new Group CEO.

Dato’ Teo has been instrumental in shaping Paramount into a reputable and financially sound diversified Group. The Group has benefitted tremendously from his relentless drive to push for more innovative ideas to grow the business which, in turn, inspired the Group’s strength-through-synergy strategy. Dato’ Teo’s visionary leadership has taken the Group to another level of growth.

Mr. Jeffrey Chew - 2016

Jeffrey Chew Sun Teong

Group Chief Executive Officer & Executive Director

Fellow of the Association of Chartered Certified Accountants (ACCA), United Kingdom
Fellow of the Asian Institute of Chartered Bankers (AICB)

Member of the Malaysian Institute of Accountants

Jeffery Chew, a Malaysian, aged 51, was appointed as the Group CEO of Paramount on 1 July 2014. Chew joined the Board of Paramount on 8 June 2015. He began his career at PricewaterhouseCoopers and thereafter, joined Citibank Berhad (Citibank) where he held various roles over 12 years, including in customer relationship management, risk management, international offshore banking and product management. His last position in Citibank was General Manager of Commercial Banking.

He then joined OCBC Bank (Malaysia) Berhad (OCBC) in April 2003 as its Head of SME Business, and was subsequently promoted to Head of Business Banking. He was appointed as a Director and CEO of OCBC in August 2008 and helmed the position for 6 years. During his tenure at OCBC, he also served as a Director of Pacific Mas Berhad, Credit Bureau (Malaysia) Sdn Bhd, Credit Guarantee Corporation Malaysia Berhad and OCBC Al-Amin Bank Berhad.

Currently, Chew serves on the Advisory Committee of ACCA Malaysia, and he is a council member of AICB. He is also an Independent Director of the Asian Banking School and a member of the Small Debt Resolution Committee of the Bank Negara Malaysia.

Dato Md Taib bin Abdul Hamid - 2016

Dato' Md Taib bin Abdul Hamid

Independent Non-Executive Director

B.A (Hons) Economics

Dato’ Taib, a Malaysian, aged 78, joined the Board of Paramount on 14 November 1994 and was appointed as Chairman of the Board on 20 July 2001, a position that he held until 8 June 2015, following his decision to relinquish the position and to remain as an Independent Non-Executive Director of the Company. Dato’ Taib is the Chairman of the Remuneration Committee and is also a member of the Audit, Nominating and Board Risk Management Committees.

Dato’ Taib, who has had a long and distinguished career spanning both the private and public sectors, brings to the Group a wealth of invaluable experience and has contributed significantly to the growth of the Group over the years. He began his career with Bank Negara Malaysia, serving from 1960 to 1975 and has held the position of Executive Director of a commercial bank, and was also actively involved with financial institutions including as the Chairman of a commercial bank.

Dato Rohana Tan Sri Mahmood - 2016

Dato' Rohana Tan Sri Mahmood

Independent Non-Executive Director

B.A (Hons) Politics, University of Sussex, United Kindgdom

Masters in International Relations, University of Sussex, United Kingdom

Dato’ Rohana, a Malaysian, aged 62, joined the Board of Paramount on 28 July 1997, and was re-designated as an Independent Non-Executive Director in 2008. She is also the Chairman of the Board Risk Management Committee.

Dato’ Rohana is the Chairman and Founder of RM Capital Partners Sdn Bhd, a Malaysian private equity fund which is a spin off from the successful Ethos Capital, a Malaysian private equity fund established in 2007, where she was also the Chairman and Co-Founder. The fund successfully ended in November 2012. She is also the President Emeritus and founding Member of the Kuala Lumpur Business Club, an exclusive (by invitation only) networking, and business development organisation limited to 100 members of Malaysia’s leading corporate and business leaders.

Dato’ Rohana is also involved in several distinguished international bodies, serving as a member of the Global Council of Asia Society, New York, a member of the Advisory Board of Chubb Limited, New York, a board member of Pacific Basin Economic Council, Hong Kong, a member of the APEC Business Advisory Council and as a board member of the Institute of Strategic and International Studies Malaysia. Dato’ Rohana was also attached to the Ministry of Foreign Affairs Malaysia.

Other than Paramount, Dato’ Rohana’s directorship in public companies include AMMB Holdings Berhad, AmInvestment Bank Berhad, Sime Darby Berhad and Sime Darby Property Berhad.

Mr Ong Keng Siew - 2016

Ong Keng Siew

Independent Non-Executive Director

Fellow of the Association of Chartered Certified Accountants

Ong, a Malaysian, aged 60, joined the Board of Paramount on 14 November 1994 and was re-designated as an Independent Non-Executive Director on 14 August 2014. He is also a member of the Audit Committee.

Ong has served the Group in various positions for more than 30 years before retiring in 2012. He began his career with the Group as an Accountant in 1981 and was promoted to the position of Finance and Administration Manager in 1984. He was subsequently appointed as General Manager to oversee the operations of the property development and construction divisions in 1989.

Ong assumed the post of Deputy Group Managing Director & Deputy Group CEO in 1997 before succeeding Dato’ Teo as the Managing Director & CEO of Paramount on 1 December 2008.

On 18 June 2012, after serving the Group with distinction for more than 30 years and ensuring that it was on a strong footing, Ong retired as the Managing Director & CEO of Paramount.

Other than Paramount, Ong also serves on the board of directors of United Malacca Berhad.

Dato Seri Michael Yam Kong Choy - 2016

Datuk Seri Michael Yam Kong Choy

Senior Independent Non-Executive Director

Fellow of the Royal Institution of Chartered Surveyors

Fellow of the Chartered Institute of Building

Datuk Seri Yam, a Malaysian, aged 63, joined the Board of Paramount on 18 February 2010 and was designated as the Senior Independent Non-Executive Director on 27 February 2014. He is also the Chairman of the Nominating Committee and a member of the Board Risk Management Committee.

Datuk Seri Yam has had an illustrious career spanning more than 35 years in the construction, real estate and corporate sectors, helming two different award winning public listed property companies as the Managing Director and CEO before his early retirement in 2008. He was also voted the “CEO of the Year 2002” for Malaysia by American Express Corporate Services and Business Times.

Trained as a building engineer in the United Kingdom with various companies and the British Civil Service after his graduation in Building and Management Studies from the University of Westminster, London, Datuk Seri Yam, upon his return to Malaysia, served in several large companies, such as Landmarks Berhad, Peremba Malaysia, Country Heights Holdings Berhad and Sunrise Berhad.

He is currently appointed on the boards of various Government incorporated and non-government organisations serving as the Chairman of InvestKL Corporation and a non-executive director of Malaysia Property Incorporated. He is also the Immediate Past President and patron of the Real Estate and Housing Developers' Association of Malaysia and is appointed as a trustee of the Standard Chartered Foundation, a charity body.

Other than Paramount, Datuk Seri Yam’s directorship in public companies include Standard Chartered Bank Malaysia Berhad, Standard Chartered Saadiq Berhad, Malaysia Airports Holdings Berhad, Sunway Berhad, and Cahya Mata Sarawak Berhad.

Mr Quah Chek Tin - 2016

Quah Chek Tin

Independent Non-Executive Director

B.Sc.(Hons) Economics, the London School of Economics & Political Science
Fellow of the Institute of Chartered Accountants in England and Wales

Member of the Malaysian Institute of Accountants

Quah, a Malaysian, aged 65, joined the Board of Paramount on 6 February 2007. He is the Chairman of the Audit Committee and is also a member of the Nominating, Remuneration and Board Risk Management Committees.

He began his career with Coopers & Lybrand, London before returning to Malaysia. He joined the Genting Group in 1979 and prior to his retirement in 2006, was the Executive Director of Genting Berhad as well as Executive Director and Chief Operating Officer of Genting Malaysia Berhad.

Other than Paramount, Quah’s directorship in public companies include Genting Malaysia Berhad, Genting Plantations Berhad and Batu Kawan Berhad.

Tan Sri James Foong Cheng Yuen - 2016

Tan Sri James Foong Cheng Yuen

Independent Non-Executive Director

LL.B. (Hons), University of London

Doctorate of Laws, University of the West of England

Tan Sri Foong, a Malaysian, aged 71, joined the Board of Paramount on 25 May 2016.

He graduated from the University of London with LL.B. (Honours) in 1969 and was called to the English Bar by the Honourable Society of the Inner Temple in 1970. Subsequently, he was called to the Malaysian Bar as an advocate and solicitor in 1971. In 2009, he was made Bencher of the Honourable Society of the Inner Temple, London, and in 2011, he was conferred an honorary Doctorate of Laws degree by the University of the West of England

From 1971 to 1990, Tan Sri Foong was engaged in private legal practice in both criminal and civil law, majoring in insurance law. While in private practice, he acted as legal adviser to numerous guilds and associations in Malaysia, and was also a commissioner of oath and notary public.

In 1990, Tan Sri Foong was appointed as a Judicial Commissioner, and was elevated to the High Court Bench in 1992. He then served as a High Court Judge at the Kuala Lumpur (Criminal Division), Johor Bahru, Shah Alam, Kuala Lumpur (Civil Division), Ipoh, and Kuala Lumpur (Family Division and Civil Division) Courts. He was elevated to the Court of Appeal in 2005 and subsequently to the Federal Court (Malaysia Supreme Court) in 2009. As a Federal Court Judge, he was made a Managing Judge of the Civil Division of the High Court in Kuala Lumpur and of the High Court and Subordinate Courts in the state of Penang. He retired from the Malaysian Judiciary on 25 February 2012.

Currently, he also serves as Chairman of the Ombudsman for Financial Services, set up under the initiative of Bank Negara Malaysia.

Other than Paramount, Tan Sri Foong's directorship in public companies include Genting Berhad and Only World Group Holdings Berhad

OUR UNITS