About Us
Corporate Profile
Public Financial Holdings Limited (formerly known as "JCG Holdings Limited") ("Public Financial" or the "Company")
is an investment holding company incorporated in Bermuda under the Companies
Act 1981 on 16 August 1991. Its shares are listed on The Stock Exchange
of Hong Kong Limited("SEHK") (stock code : 626).
Public Financial is a 73.2% owned subsidiary of Public Bank Berhad ("Public Bank"), the shares of which are listed on Bursa Malaysia Securities Berhad (formerly known as "Kuala Lumpur Stock Exchange").
The major subsidiaries of Public Financial are Public Bank (Hong Kong) Limited (formerly known as "Asia Commercial Bank Limited") ("Public Bank (Hong Kong)"), Public Finance Limited (formerly known as "JCG Finance Company, Limited") ("Public Finance") and Winton (B.V.I.) Limited ("Winton").
Public Bank (Hong Kong) is a commercial bank registered under the Banking Ordinance of Hong Kong SAR. Public Bank (Hong Kong) was formerly known as Asia Commercial Bank, incorporated in 1934, and was acquired by the Company in May 2006. Its name was formally changed to Public Bank (Hong Kong) Limited in June 2006. Currently, Public Bank (Hong Kong) has a network of 26 branches in Hong Kong, 2 branches in Shenzhen and a representative office each in Shanghai, Shenyang and Taipei. Public Bank (Hong Kong) provides a comprehensive suite of commercial and retail banking services and has been a committed financial institution partner to its clients in Hong Kong and Greater China for more than 70 years.
Public Finance, formerly known as JCG Finance Company, Limited, was incorporated in Hong Kong on 20 October 1977 and registered as a deposit-taking company under the Banking Ordinance on 31 January 1978. It was acquired by Public Bank in 1990 and became a wholly owned subsidiary of the Company upon listing of the Company on the SEHK in 1991. In January 2006, the name of JCG Finance Company, Limited was formally changed to Public Finance Limited, and became a wholly owned subsidiary of Public Bank (Hong Kong) on 17 October 2008 as part of the group's reorganisation. The principal activities of Public Finance are deposit taking, personal and commercial lending, mortgage financing, letting of investment properties, the provision of finance to purchasers of taxis and public light buses and distribution of insurance products, etc. In the course of enlarging its market share and enhancing its market position, Public Finance has built up a wide network of branches. With its present network of 42 branches, Public Finance is the largest deposit-taking company in Hong Kong in terms of branch network.
Winton was incorporated in the British Virgin Islands under the International Business Companies Ordinance (No. 8 of 1984). Winton and its subsidiaries (the "Winton Group") are principally engaged in the provision of finance to purchasers of licensed public vehicles such as taxis and public light buses, the provision of personal and short term loans, trading of taxi cabs and taxi licences and leasing of taxis.
With around 1,050 staff in Public Financial and its subsidiaries (the "Group"), we are always here to serve you.
Group Structure
Board of Directors
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Tan Sri Dato' Sri Dr. Teh Hong Piow
Tan Sri Dato' Sri Dr. Teh Hong Piow is the Founder and the Chairman and a substantial shareholder of
Public Bank, a commercial bank listed on Bursa Malaysia Securities Berhad and the ultimate holding company of the
Company. He has 58 years of experience in the banking and finance industry. He was appointed a Non-executive
Director and the Chairman of the Company in September 1991. He is currently the Chairman of the
Remuneration Committee and the Nomination Committee of the Company. He is also the Executive Chairman of Public
Bank (Hong Kong) and the Non-executive Chairman of Public Finance. In recognition of his contributions to society
and the economy, he was conferred the Doctor of Laws (Honorary) from University of Malaya in 1989. He had served
in various capacities in public service bodies in Malaysia; he was a member of the Malaysian Business Council
from 1991 to 1993; a member of the National Trust Fund from 1988 to 2001; a founder member of the Advisory Business
Council since 2003; and is a member of the IPRM Accreditation Privy Council of Malaysia. He is a Fellow of several
institutes which include the Institute of Bankers Malaysia; the Chartered Institute of Bankers, United Kingdom;
the Institute of Administrative Management, United Kingdom; the Institute of Chartered Secretaries and
Administrators, Australia; and the Malaysian Institute of Management. He also holds directorships in several other
companies in the Public Bank Group.
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Group Chairman /
Non-Executive Director
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Other Board members are:
| Independent Non-Executive Co-Chairman
| Tan Sri Dato' Thong Yaw Hong
Tan Sri Dato’ Thong Yaw Hong was appointed an Independent Non-executive Co-Chairman of the Company in July 2006 and is the Chairman of the Audit Committee
and Risk Management Committee, and a member of the Remuneration Committee and Nomination Committee. He is the Independent Non-executive Co-Chairman of Public Bank, Public Bank (Hong Kong) and Public Finance. He also holds directorships in several other companies in the Public Bank Group.
He graduated with a Bachelor of Arts (Hons) degree in Economics from the University of Malaya and a Master’s degree in Public Administration from Harvard University. He attended the Advanced Management Program at Harvard Business School. In September 2006, he was conferred the Doctor of Economics (Honorary) from University Putra Malaysia.
Tan Sri Dato’ Thong Yaw Hong has had a distinguished career with the Government of Malaysia, primarily in the fields of socio-economic development planning and finance. He had served in the Economic Planning Unit in the Prime
Minister’s Department since 1957 and became its Director-General from 1971 to 1978 and served as
Secretary-General, Ministry of Finance from 1979 until his retirement in 1986.
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| Director/Chief Executive
| Mr. Tan Yoke Kong
Mr. Tan Yoke Kong has more than 26 years of experience in the banking and finance industry. He was
appointed an Executive Director of the Company in February 1992 and is the Chief Executive / Executive Director of Public Bank (Hong Kong) and an Executive Director of
Public Finance. He is a member of the Risk Management Committee of the Company. Mr. Tan is a Fellow of the Association of Chartered Certified Accountants, United Kingdom and an
Associate of the Institute of Chartered Secretaries and Administrators, United Kingdom. He is currently the Vice-chairman
of The DTC Association in Hong Kong.
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| Director
| Mr. Lee Huat Oon
Mr. Lee Huat Oon has more than 20 years of experience in the banking and finance industry. He was
appointed an Executive Director of the Company in June 1996 and is the General Manager/Chief
Executive and an Executive Director of Public Finance. He holds a degree in Accounting from the University of Malaya and is a Registered
Accountant with the Malaysian Institute of Accountants.
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| Non-Executive Director
| Tan Sri Dato' Sri Tay Ah Lek
Tan Sri Dato' Sri Tay Ah Lek has 47 years of experience in the banking and finance industry. He was appointed a
Non-executive Director of the Company in January 1995 and is a member of the Audit Committee, Remuneration
Committee, Nomination Committee and Risk Management Committee. He is the Managing Director / Chief Executive Officer of Public Bank. He is also a Non-executive Director of Public Bank (Hong Kong) and Public Finance.
Tan Sri Dato' Sri Tay Ah Lek holds a Master's degree in Business Administration from Henley, United Kingdom and
attended the Advanced Management Program at Harvard Business School. He is a Fellow of the Financial Services Institute of Australasia, the Institute of Bankers Malaysia and the Malaysian Institute of Management.
He is presently the Chairman of the Association of Finance Companies of Malaysia and the
Association of Hire Purchase Companies Malaysia. He is a Council Member of the National Economic Action
Council and the National Payments Advisory Board in Malaysia. He also holds directorships in several other
companies in the Public Bank Group.
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| Non-Executive Director
| Dato' Chang Kat Kiam
Dato' Chang Kat Kiam has 33 years of experience in the banking and finance industry. He was appointed
a Non-executive Director of the Company in March 2004. He is also a Non-executive Director of Public Bank (Hong Kong) and Public Finance and a member of the Risk Management Committee of the Company. He
is currently Chief Operating Officer of Public Bank. He holds a Master’s degree in Business Administration.
He also holds directorships in several other companies in the Public Bank Group.
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| Non-Executive Director
| Mr. Quah Poh Keat
Mr. Quah Poh Keat is experienced in auditing, tax and insolvency practices and had worked in Malaysia and United Kingdom. He was appointed a Non-executive Director of Public Financial in July 2008 and is a member of the Audit Committee and Risk Management Committee of Public Financial. He is also a Non-executive Director of Public Bank (Hong Kong) and Public Finance and an Independent Non-executive Director of Public Bank. He also holds directorship in another company in the Public Bank Group.
Mr. Quah is a Fellow of the Malaysian Institute of Taxation and the Association of Chartered Certified Accountants. He is also a Member of the Malaysian Institute of Accountants, the Malaysian Institute of Certified Public Accountants and the Chartered Institute of Management Accountants.
He was a partner of KPMG Malaysia since 1 October 1982 and appointed Senior Partner (also known as Managing Partner in other practices) in October 2000 until 30 September 2007. He retired from the firm on 31 December 2007.
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| Independent Non-Executive Director
| Dato' Yeoh Chin Kee
Dato' Yeoh Chin Kee has 47 years of experience in the banking and finance industry. He was appointed
an Independent Non-executive Director of the Company in September 2002 and is a member of the
Audit Committee, Remuneration Committee, Nomination Committee and Risk Management Committee. He is also an
Independent Non-executive Director of Public Bank, Public Bank (Hong Kong) and Public Finance. He is a Fellow of the Australian Society of Certified Practising
Accountants and the Financial Services Institute of Australasia. He also holds directorships in several other
companies in the Public Bank Group.
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| Independent Non-Executive Director
| Mr. Lee Chin Guan
Mr. Lee Chin Guan has 15 years of experience in the legal practice, principally in commercial and
corporate matters. He was appointed an Independent Non-executive Director of the Company in September 2004
and is a member of the Audit Committee, Remuneration Committee, Nomination Committee and Risk Management Committee. He is also an
Independent Non-executive Director of Public Bank (Hong Kong) and Public Finance. He qualified as a Barrister-at-Law from the Middle Temple, United Kingdom in
1982. He also holds a Bachelor Degree in Science (Hons) from the University of Manchester Institute of Science
and Technology, England and Degrees in Law from Cambridge University, Oxford University and University of Chicago - Kent
College of Law.
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Board Committees
| Audit Committee
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Composition
Tan Sri Dato' Thong Yaw Hong (Chairman)
Tan Sri Dato' Sri Tay Ah Lek
Dato' Yeoh Chin Kee
Mr. Lee Chin Guan
Mr. Quah Poh Keat
Terms of Reference
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| Remuneration Committee
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Composition
Tan Sri Dato' Sri Dr. Teh Hong Piow (Chairman)
Tan Sri Dato' Thong Yaw Hong
Tan Sri Dato' Sri Tay Ah Lek
Dato' Yeoh Chin Kee
Mr. Lee Chin Guan
Terms of Reference
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| Nomination Committee
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Composition
Tan Sri Dato' Sri Dr. Teh Hong Piow (Chairman)
Tan Sri Dato' Thong Yaw Hong
Tan Sri Dato' Sri Tay Ah Lek
Dato' Yeoh Chin Kee
Mr. Lee Chin Guan
Terms of Reference
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Corporate Information
| Board of Directors
| Principal Registrar
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Chairman
Tan Sri Dato' Sri Dr. Teh Hong Piow (Chairman)
also Founder and Chairman of
Public Bank Berhad
Tan Sri Dato' Sri Tay Ah Lek
Dato' Chang Kat Kiam
Quah Poh Keat
Tan Yoke Kong
Lee Huat Oon
Independent non-executive directors
Tan Sri Dato' Thong Yaw Hong (Co-Chairman)
Dato' Yeoh Chin Kee
Lee Chin Guan
| Butterfield Fund Services (Bermuda) Limited
Rosebank Centre
11 Bermudiana Road
Pembroke
Bermuda
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| Hong Kong Branch Registrar
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Tricor Tengis Limited
26/F, Tesbury Centre
28 Queen's Road East
Wanchai
Hong Kong
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| Joint Secretaries
| Auditors
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Tan Yoke Kong
Chan Sau Kuen
| Ernst & Young
Certified Public Accountants
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| Registered Office
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Clarendon House
Church Street
Hamilton HM11
Bermuda
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| Head Office and Principal Place of Business
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1105-7 Wing On House
71 Des Voeux Road Central
Hong Kong
Telephone: (852) 2525 9351
Facsimile: (852) 2845 0681
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© Public Financial Holdings Limited. All Rights Reserved.