When he
age of 20 (in 1950), he joined OCBC as a clerk. After that, he joined Malayan Banking
Berhad as manager. When he was 34 years old, he was promoted to become the youngest
General Manager of Malayan Banking Berhad. In 1966, he was left Malayan Banking
Berhad and he was licensed by the Government of Malaysia, the creation of
public banks, chairman and general manager.
The last
article is talk about Tan Sri Dato’ Seri Dr Teh Hong Piow has been awarded ‘The
BrandLaureate Banker of the Year Award 2013’ by The Asia Pacific Brands
Foundation (APBF), a world leading branding foundation. In the other hand, Public
Bank also had in the past six consecutive years from 2007 to 2012, been
bestowed the BrandLaureate Awards for Best Brands in Financial Services –
Banking Category. This article also has mention his leadership has been
notable, not just because he embodied the highest standards of professional
expertise, but also because he never shied away from making difficult decisions
and taking good cognizance of economic realities.
I
founded a lot of information about Tan Sri Dato’ Seri Dr Teh Hong Piow but I
just show 3 articles about him in my blog. After I read, I felt that he will
succeed because he often ensure that himself know all the information. He carefully
read each notes, heed the Prime Minister speech - every word, every detail, to
maintain contact with the national trend. Tan Sri Dato’ Seri Dr Teh Hong Piow know
must always be ready to change, so he never left off the National Bank,
government, banking information, with the public banks to determine their own
adaptation of political, social, and cultural.
Tan Sri
Dato’ Seri Dr Teh Hong Piow as a banker, he gives us steady impression. From
Public Bank’s operations and analysis techniques, I can see the typical Chinese
entrepreneurial spirit, that is caution and prudent. Public Bank experienced
two times national recession also can adhere to prudent management style and no
facing losses. Furthermore, Tan Sri Dato’ Seri Teh Hong Piow stressed that
concern employee benefits, creating a positive work environment, he attach importance
to cultivation work and cultivate a sense of belonging to a group of good
people.
Forth Article
Tan Sri Dato Seri Dr Teh Hong Piow – Public Bank Berhad
Tan Sri Dato’ Seri Dr. Teh Hong Piow is one of the richest man
in Malaysia. He is the founder and chairman of Public Bank Berhad, known to be
one of the most successful banks in Malaysia with presence in other countries
in the region.
Teh was born in Singapore in 1930 where he studied at the
Anglo-Chinese School there where together with his wife, Puan Sri Tay Sock Noy,
they are blessed with 3 daughters and a son. Teh’s success today is attributed
through his hard work and perseverance where he worked and move his way up the
corporate ladder in the banking industry.
He started off with Overseas-Chinese Banking Corporation
(OCBC) when he was a Bank Clerk. His talent and hard work earned him promotions
where in 5 years he became the officer of the bank before moving on to better
opportunities with Malayan Banking Berhad as a manager. When he was 34 years
old, he was promoted to become the General Manager making him one of the
youngest managers then. He would then leave Malayan Banking to start his own
company and that was when Public Bank was born.
He is the fifth richest man in Malaysia where his story of
rags-to-riches remains as one of the most popular stories told and he remains
as one of the most prominent Malaysian men today. His success and richest
however has created many envious eyes where his recent 45th anniversary
celebrations was ridiculed and mocked by several leaders where he was likened
and compared to Kim Jong-il, the late dictator of North Korea.
The celebrations were shown on YouTube that prompted many to
criticize the way he was celebrated that included Khairy Jamaluddin, the Umno
Youth Chief to write on Twitter that the celebrations were alike those that
were seen in North Korea but Teh, would not be overly concerned as he remains
as some of the few Malaysians who could boast of his success and milestones.
Fifth Article
A winning formula
Title: Lessons of Success: The Legacy of Tan Sri
Dato’ Sri Dr Teh Hong Piow Author: Dr Victor S.L. Tan Publisher: Public Bank
In 2008, on occasion of Public Bank’s 40th
anniversary, Datuk Paddy Bowie wrote an autobiography Teh Hong Piow: A Banking
Thoroughbred. That book gave some insights into how founder and chairman Tan
Sri Teh Hong Piow rose from being a clerk in Oversea Chinese Banking
Corporation to become one of Malaysia’s most prominent bankers.
While that book delves into the life and times of
Teh, this latest book Lessons of Success: The Legacy of Tan Sr Dato’ Sri Dr Teh
Hong Piow is about the principles he adhered to in his banking and personal
life.
In the preface, KL Strategic Change Consulting
Group (KLSCC) principal consultant and author Dr Victor S.L. Tan says he is
aware that five books have been written about the banking group and its chairman.
“In his book, Tan Sri Teh has allowed me to look
at his extraordinary career in detail and has shared the insights and lessons
of success that he has personally practised in his 60 years in the banking
industry,” Tan writes.
Teh answers some questions about the objective of
this latest publication and what it means to him. As the title suggests, it is
his gift to both the current and future generations.
What is your objective/s behind the book Lessons
of Success?
Over the course of my career, what I have learnt
is that success in life does not hinge upon getting the top grades while in
school. There are many average scorers who go on to become highly successful in
their careers. In the working world, success is far more complex. Career
go-getters need to go beyond what has been taught in their formal school
setting to find their path to success.
In this book, we have drawn from my own
professional achievements and challenges to serve as a resource to those who
wish to learn from these tried and proven principles of success and readers can
practise at their workplace to help them achieve success in their career. That
is the reason why we have also included a chapter on “Advising the Young and
Eager”, which is aimed at guiding and inspiring the younger generation to
function successfully in an increasingly competitive business environment.
What do you hope to accomplish from the book?
Everyone has the potential to make a difference
and leave an enduring legacy for both the present and future generations. As
one who believes in the power of knowledge, sharing the lessons that were
instrumental in my success is something that I hope would inspire others.
More than just an autobiography, we have geared
this book towards a different approach – that of the tried and proven
management principles and my life philosophies that have guided me through my
journey with Public Bank. The readers will then have to decide for themselves
what are the principles or qualities that will help them achieve their own
successes.
Are the strategies – and there are eight – a
comprehensive guide, or are there any other strategies not mentioned?
It has been said that “success is the sum of small
efforts repeated, day in and day out.” I believe that in order to succeed, you
must form the habit of following the principles that can bring about success.
The eight principles may not be exhaustive but
based on my own experiences, they are the core tenets of success.
What would you like to share that is not touched
upon in the book?
I would like to say that all the principles in the
world would not get you anywhere without having an attitude geared towards
excellence. To succeed, you must believe in being excellent in all that you do.
You need to go above and beyond – do more than what is expected of you.
Charles Kendall Adams said, “No one ever attains
very imminent success by simply doing what is required of him; it is the amount
and excellence of what is over and above the required that determines the
greatness of ultimate distinction.”
Whatever you do, do it with excellence, do it with
passion and you will do well.
What are your views about the global financial crisis
we are in today and how do you think we can overcome it?
The global financial crisis has revealed several
structural weaknesses in the advanced economies, which will limit the growth of
these economies in the short to medium term. Malaysia as a open economy could
be affected through the trade and investment channels.
Malaysia has therefore focused on domestic demand
to propel the Malaysian economy to ensure sustainable growth. Favourable labour
market conditions, stable inflation and continued access to financing will
continue to support private consumption and investment activities.
Through the Economic Transformation Programme, the
Government has launched a series of initiatives such as human capital
development and developing a conducive and competitive business environment to
transform Malaysia into a high-income economy and to sustain the
competitiveness of the Malaysian economy. These initiatives are welcome and
provide a sound basis to revitalise the engine of growth.
Furthermore, Malaysia’s resilience and capacity to
withstand external shocks have improved over the years, with sound
macroeconomic fundamentals, more resilient economic structure, stronger and
more developed financial system and greater policy efficacy and flexibility.
The increased reliance on trade with regional
economies will place the Malaysian economy in a better position to endure
external shocks from the advanced economies.
Also, Malaysia has been active in promoting policy
surveillance and coordination with other regional economies to further
strengthen Malaysia and the region’s defence mechanism against external shocks.
Tan Sri, from your plans and dreams, you have now
a network. What is the next wave, growth strategy for the Public Bank Group?
The Public Bank Group will remain focused on its
organic growth strategies to continue grow its retail loans, core customer
deposits and fee-based businesses.
In particular, the group’s lending business will
continue to be supported by growth in home mortgages, hire purchase financing
for passenger and commercial vehicles and retail commercial loans to small- and
medium-sized enterprises (SMEs).
To enhance its profitability, the group will
further grow its fee-based activities by promoting sales of unit trust funds,
bancassurance and wealth management products. The group will also continue to
expand its Islamic banking business by focusing on Islamic consumer financing
and retail commercial financing to SMEs. For its funding base, the group will
continue to promote core customer deposits to ensure that it continues to
maintain a healthy and liquid balance sheet. Also, the group remains committed
to expanding its overseas operations, particularly the group’s Hong Kong and
Cambodian operations.
To sustain its strong market position, the Public
Bank Group will further leverage on its wide distribution network, strong sales
and marketing force and efficient multiple delivery channels. The group will
also continue to enhance its customer relationship management to further
enhance customer experience.
In addition to providing competitive, innovative
and differentiated products and services, efforts to further strengthen the
group’s superior service delivery standards such as excellent customer service
and fast loan processing turnaround time will continue to be intensified.
Investments in information and communication technology, new delivery channels
and human capital will continue to be given top priority.
While focusing on the organic growth strategy and
sustaining growth of the existing businesses, the group is always open to
exploring potential opportunities which can further expand the existing network
and enhance the scope of business of the group.
Bill Gates has given up his position in Microsoft
but the company is very well managed and extremely profitable. Will Public Bank
Group be using the same strategy?
The Public Bank Group’s success is built over time
by a team of committed and loyal staff force at all levels, aligned to a
unified vision and commitment to achieve excellence. As the Founder and
Chairman of the Public Bank Group, I remain passionate and committed to the
Public Bank Group. I, together with the board of directors, continue to provide
the strategic direction for and oversight of the group.
The Public Bank Group has, for a long time, put in
place a management succession plan.
A structured succession planning process has been
established for senior management positions in all key business areas to ensure
continuity and consistent management excellence for the group.
Lessons of Success is about eight principles that
Teh, 82, considers as the most important . 1) Know your purpose 2) Be
passionate about your chosen field 3) Be people-oriented 4) Persevere against
the odds 5) Be proactive in thought and action 6) Practise professionalism 7)
Maintain prudence 8) Be positive towards work and life
Lessons of Success is about eight principles that
Teh, 82, considers as the most important .
1) Know your purpose
2) Be passionate about your chosen field
3) Be people-oriented
4) Persevere against the odds
5) Be proactive in thought and action
6) Practise professionalism
7) Maintain prudence
8) Be positive towards work and life
Sixth Article
Public Bank founder Teh awarded ‘BrandLaureate Banker of the Year 2013’
KUCHING: Founder and chairman of Public
Bank Bhd (Public Bank), Tan Sri Dr Teh Hong Piow has been awarded ‘The
BrandLaureate Banker of the Year Award 2013’ by The Asia Pacific Brands
Foundation (APBF), a world leading branding foundation.
Dr KK Johan, president of APBF
presented the award to Teh at the bank’s anniversary held at the MINES
International Exhibition & Convention Centre on July 6, 2013.
In his citation, Johan said, “Teh is
indeed most deserving of the title and accolade, The BrandLaureate Banker of
the Year Award 2013.”
Recognised for his foresight, dexterity
and business acumen, Tan Sri Teh stands tall as a man in control of his
destiny.
He continued, “In 1966, Teh set his
aims up high – to start his own bank.
“Since its founding on that historic
day, Public Bank has seen many decades of remarkable achievements which were
made possible by its founder’s strategic leadership and his ability to inspire
and motivate his staff.” According to him, the success of Public Bank lies in
its brand champion and brand leader, Teh, who lives and breathes the brand.
“His leadership has been notable, not
just because he embodied the highest standards of professional expertise, but
also because he never shied away from making difficult decisions and taking
good cognisance of economic realities.
“He implemented best banking practices
in Public Bank that would enable it to overcome one financial crisis after
another.
Even in the worst of the global
financial downturn, Public Bank continues to stand tall and strong, much to the
envy of many local and foreign banks,” he said.
Teh has previously received four
personal awards from Asia Pacific Brands Foundation which include The
BrandLaureate Brand Personality Award 2007, The BrandLaureate Premier Icon
Leadership Award 2011 and The BrandLaureate Tun Dr.
Mahathir Mohamad Man of the Year Award
2011.
Teh was also the recipient of many
accolades from various international publications, including Asia’s Best CEO,
Asia’s Banking Grandmaster, Asian Banker Par Excellence and Asean Most Astute
Banker.
At the same event, Public Bank was also
awarded ‘The BrandLaureate Signature Brand Awards 2013’ by the APBF.
“Winning these two prestigious awards
is indeed an honour that doubles the joy of celebrating the bank’s 47th
anniversary tonight.
Although Public Bank has been bestowed
countless awards over the years, every award continues to fill us with a sense
of achievement and pride.
“In fact we are inspired to further
raise the bar of excellence as each milestone is accomplished,” managing
director, Tan Sri Tay Ah Lek said in his acknowledgement speech.
He added that ‘The BrandLaureate
Signature Brand Award’ is a recognition and reaffirmation of Public Bank’s
solid stature in Malaysia’s banking industry.
The BrandLaureate Signature Brand
Awards 2012 -2013 are for selected brands that are established and have
successfully stamped their mark in their field of expertise and are market
leaders.
Public Bank has been selected as the
inaugural recipient of The BrandLaureate Signature Brand Awards 2012-2013 in
the category of Finance – Banking.
Prior to this award, Public Bank had in
the past six consecutive years from 2007 to 2012, been bestowed the
BrandLaureate Awards for Best Brands in Financial Services – Banking Category.
In addition, Public Bank was also the
winner of The BrandLaureate – SME Best Brands Awards 2011.
