The forth article is talk about Tan Sri Dato’ Seri Dr Teh Hong Piow background and his history before start his own company that Public Bank Berhad. Tan Sri Dato’ Seri Dr Teh Hong Piow 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. He was born in Singapore on 14 March 1930. He attended his formal primary and secondary education at the Anglo-Chinese School in Singapore. He has been married to Puan Sri Tay Sock Noy since 1956 and they have four children.
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 fifth article is talk about the principles Tan Sri Dato’ Seri Dr Teh Hong Piow adhered to in his banking and personal life and how to be a successful entrepreneur. Tan Sri Dato’ Seri Dr Teh Hong Piow believes that success in life does not hinge upon getting the top grades while in school but power of knowledge is important too. He said “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.” The 8 principles to be lesson of success are know your purpose, be passionate about your chosen field, be people oriented, persevere against the odds, be proactive in thought and action, practice professionalism, maintain prudence and be positive towards work and life.
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.
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.
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
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.