News
Board of Directors
Dato Teo Chiang Quan - 2016

Dato' Teo Chiang Quan

Chairman & Executive Director

Dato’ Teo, a Malaysian, aged 67, joined the Board of Directors (the Board) of Paramount Corporation Berhad (Paramount) on 19 January 1977. On 8 June 2015, Dato’ Teo succeeded Dato’ Md Taib bin Abdul hamid as 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.

Dato’ Teo is a substantial shareholder of Paramount.

Mr. Jeffrey Chew - 2016

Jeffrey Chew Sun Teong

Group Chief Executive Officer & Executive Director

Jeffery Chew, a Malaysian, aged 50, was appointed as the Group CEO of Paramount on 1 July 2014. he joined the Board of Paramount on 8 June 2015. he began his career at Pricewaterhouse Coopers and thereafter, joined 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.

Jeffrey joined OCBC Bank (Malaysia) Berhad as head of SME Business in April 2003, and was subsequently promoted to head of Business Banking. he was appointed as a Director and CEO in August 2008 and helmed the position for 6 years.

Jeffrey was also a Director of Pacific Mas Berhad, Credit Bureau (Malaysia) Sdn Bhd, Credit Guarantee Corporation Malaysia Berhad and OCBC Al-Amin Bank Berhad. he also served as a council member of The Association of Banks in Malaysia and Asian Institute of Chartered Bankers (AICB). Jeffrey is currently an Independent Director of Asian Banking School (ABS).

He is a Fellow Member of the Association of Chartered Certified Accountants, United Kingdom and a Chartered Accountant of the Malaysian Institute of Accountants. And recently he was conferred the Fellow Chartered Banker designation. he also serves as a member of the Small Debt Resolution Committee, Bank Negara Malaysia and the ACCA Malaysia Advisory Committee.

Dato Md Taib bin Abdul Hamid - 2016

Dato' Md Taib bin Abdul Hamid

Independent Non-Executive Director

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

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 ACE Limited International, New York, a board member of Pacific Basin Economic Council, hong Kong, an alternate 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 and Sime Darby Berhad.

Dato Seri Michael Yam Kong Choy - 2016

Datuk Seri Michael Yam Kong Choy

Senior Independent Non-Executive Director

Datuk Seri Michael 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 Michael Yam has had an illustrious career spanning more than 30 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 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 Michael 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 also involved in various Government incorporated and non-government organisations serving as the Chairman of InvestKL Corporation, a non-executive director of Malaysia Property Incorporated and CLAB Berhad and a director of the British Malaysian Chamber of Commerce. he is 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 Michael Yam’s directorship in public companies include Standard Chartered Bank Malaysia Berhad, Standard Chartered Saadiq Berhad, Malaysia Airports holdings Berhad, Sunway Berhad, CLAB Berhad and Cahya Mata Sarawak Berhad.

Mr Ong Keng Siew - 2016

Ong Keng Siew

Independent Non-Executive Director

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.

Mr Quah Chek Tin - 2016

Quah Chek Tin

Independent Non-Executive Director

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 Committee.

Quah 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

Tan Sri James Foong, a Malaysian, aged 70, 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. He was engaged in private legal practice in both criminal and civil law, majoring in insurance law from 1971 to 1990. While in practice, he acted as legal adviser to numerous guilds and associations in Malaysia. He was a Commissioner of Oath and Public Notary. He was conferred an honorary Doctorate of Laws degree by the University of the West of England in 2011. He was also made Bencher of the Honourable Society of the Inner Temple, London in 2009.

He was appointed as Judicial Commissioner in 1990 and elevated to be High Court Bench in 1992. He also served as a High Court Judge at Kuala Lumpur (Criminal Division), Johor Bahru, Shah Alam, Kuala Lumpur (Civil Division), Ipoh, and Kuala Lumpur (Family Division and Civil Division). He was elevated to the Court of Appeal in 2005 and subsequently elevated 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 at 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.

Other than Paramount, Tan Sri James Foong sits on the board as an Independent Non-Executive Director of 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

Dato’ Teo, a Malaysian, aged 67, joined the Board of Directors (the Board) of Paramount Corporation Berhad (Paramount) on 19 January 1977. On 8 June 2015, Dato’ Teo succeeded Dato’ Md Taib bin Abdul hamid as 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.

Dato’ Teo is a substantial shareholder of Paramount.

Mr. Jeffrey Chew - 2016

Jeffrey Chew Sun Teong

Group Chief Executive Officer & Executive Director

Jeffery Chew, a Malaysian, aged 50, was appointed as the Group CEO of Paramount on 1 July 2014. he joined the Board of Paramount on 8 June 2015. he began his career at Pricewaterhouse Coopers and thereafter, joined 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.

Jeffrey joined OCBC Bank (Malaysia) Berhad as head of SME Business in April 2003, and was subsequently promoted to head of Business Banking. he was appointed as a Director and CEO in August 2008 and helmed the position for 6 years.

Jeffrey was also a Director of Pacific Mas Berhad, Credit Bureau (Malaysia) Sdn Bhd, Credit Guarantee Corporation Malaysia Berhad and OCBC Al-Amin Bank Berhad. he also served as a council member of The Association of Banks in Malaysia and Asian Institute of Chartered Bankers (AICB). Jeffrey is currently an Independent Director of Asian Banking School (ABS).

He is a Fellow Member of the Association of Chartered Certified Accountants, United Kingdom and a Chartered Accountant of the Malaysian Institute of Accountants. And recently he was conferred the Fellow Chartered Banker designation. he also serves as a member of the Small Debt Resolution Committee, Bank Negara Malaysia and the ACCA Malaysia Advisory Committee.

Dato Md Taib bin Abdul Hamid - 2016

Dato' Md Taib bin Abdul Hamid

Independent Non-Executive Director

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

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 ACE Limited International, New York, a board member of Pacific Basin Economic Council, hong Kong, an alternate 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 and Sime Darby Berhad.

Dato Seri Michael Yam Kong Choy - 2016

Datuk Seri Michael Yam Kong Choy

Senior Independent Non-Executive Director

Datuk Seri Michael 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 Michael Yam has had an illustrious career spanning more than 30 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 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 Michael 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 also involved in various Government incorporated and non-government organisations serving as the Chairman of InvestKL Corporation, a non-executive director of Malaysia Property Incorporated and CLAB Berhad and a director of the British Malaysian Chamber of Commerce. he is 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 Michael Yam’s directorship in public companies include Standard Chartered Bank Malaysia Berhad, Standard Chartered Saadiq Berhad, Malaysia Airports holdings Berhad, Sunway Berhad, CLAB Berhad and Cahya Mata Sarawak Berhad.

Mr Ong Keng Siew - 2016

Ong Keng Siew

Independent Non-Executive Director

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.

Mr Quah Chek Tin - 2016

Quah Chek Tin

Independent Non-Executive Director

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 Committee.

Quah 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

Tan Sri James Foong, a Malaysian, aged 70, 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. He was engaged in private legal practice in both criminal and civil law, majoring in insurance law from 1971 to 1990. While in practice, he acted as legal adviser to numerous guilds and associations in Malaysia. He was a Commissioner of Oath and Public Notary. He was conferred an honorary Doctorate of Laws degree by the University of the West of England in 2011. He was also made Bencher of the Honourable Society of the Inner Temple, London in 2009.

He was appointed as Judicial Commissioner in 1990 and elevated to be High Court Bench in 1992. He also served as a High Court Judge at Kuala Lumpur (Criminal Division), Johor Bahru, Shah Alam, Kuala Lumpur (Civil Division), Ipoh, and Kuala Lumpur (Family Division and Civil Division). He was elevated to the Court of Appeal in 2005 and subsequently elevated 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 at 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.

Other than Paramount, Tan Sri James Foong sits on the board as an Independent Non-Executive Director of Genting Berhad and Only World Group Holdings Berhad

OUR UNITS