Here’s a refined overview of Tan Sri Dato’ Sri Dr Teh Hong Piow’s family tree and legacy:

🗂️ Family Overview

  • Teh Hong Piow (b. 14 March 1930 in Singapore – d. 12 December 2022)

    • Renowned banker; founded Public Bank Berhad in 1965 and led it to prominence.

    • Served as Chairman until 2019; remained as Adviser thereafter.

  • Spouse: Puan Sri Tay Sock Noy (married 1956–passed away August 2023).

👨‍👩‍👧‍👦 Children (4 total)

  1. Diona Teh Li Shian – youngest daughter; director of the family holding, noticeably active in strategic decisions and media (e.g., Good Class Bungalow purchase in Singapore).

  2. William Teh Lee Pang – only son; director in family holding.

  3. Lillian Teh Li Ming – daughter; director in family holding.

  4. Dr Lillyn Teh Li Hua – daughter; also director in family holding.

📈 Recent Developments

  • The Teh family's estate and Consolidated Teh Holdings (which holds ~23% of Public Bank) have agreed to gradually reduce their stake to 10% over five years, while redistributing shares to employees under a restricted sale option

🏦 Quick Facts

  • Name: Tan Sri Dato’ Sri Dr. Teh Hong Piow

  • Born: 14 March 1930, Singapore

  • Died: 12 December 2022, Kuala Lumpur

  • Roles: Founder & long-time CEO/Chairman of Public Bank, transitioned to Chairman Emeritus & Advisor (2019–2022).

  • Education: Attended Anglo-Chinese School (Singapore); degrees from Pacific Western University, Clayton University, and University of Malaya (some unaccredited).

📈 Career Highlights

  • Started as a clerk at OCBC (1950), rose to Manager at Malayan Banking (Maybank) by 1964.

  • Founded Public Bank in 1965; operations began in 1966. Under his leadership, it became one of Malaysia’s top three banks with an unbroken profit streak and exceptional efficiency.

  • Retired as CEO in 2002, stepped down as Chairman by end-2018; remained actively involved as Adviser and Emeritus Chairman till his passing.

💰 Wealth & Recognition

  • Net Worth (2022): Estimated USD 4.7 billion, ranked among Malaysia’s top five richest.

  • Awards include “Greatest Malaysian Banker of All Time” by Asia Pacific Brands Foundation; received ~45 honors including national orders and honorary doctorates.

🌟 Family Values & Legacy

  • Teh Hong Piow was known for his discipline, discretion, and long-term vision — traits he appears to have passed on to his children.

  • His family, particularly the younger generation, is gradually emerging in business circles but remains mostly out of the spotlight.

  • The Teh family has maintained control and influence over Public Bank through a significant stake, ensuring continuity of his banking philosophy.

💼 Wealth and Influence

  • The family is one of Malaysia’s wealthiest, with assets tied to Public Bank’s vast success.

  • Despite their wealth, they have kept a low public profile, rarely engaging in politics or media attention, consistent with Teh’s preference for privacy.

🧭 Legacy

  • Built Public Bank into a powerhouse known for disciplined management, high returns, and strong corporate culture.

  • Under his stewardship, the bank maintained unparalleled financial performance andeschewed M&A, ensuring legacy and stability.

📌 Summary

Teh Hong Piow’s journey—from a modest clerk to Malaysia’s banking titan—reflects unwavering discipline, integrity, and visionary leadership. His legacy continues through Public Bank’s standing, his family's stewardship, and the values he instilled in Malaysia’s financial sector.

 

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📜 Disclaimer
The family tree and biographical information provided in this article are based on publicly available sources and records. While we strive for accuracy, we do not guarantee the completeness or authenticity of the data. This content is intended for educational and informational purposes only and does not aim to infringe on any individual's privacy or personal rights. If you believe any information is incorrect or wish to request edits or removal, please contact us at Info@familyrootapp.com.