Public Bank Bhd’s unit Public Mutual has appointed Chiang Kang Pey as its new chief executive officer following the retirement of Yeoh Kim Hong. In a statement on Monday (Nov 14), the fund manager said Yeoh had held the position for the last 15 years.
Once again, Public Mutual Bhd dominated the Refinitiv Lipper Fund Awards, this time by bagging 32 awards Best Equity Group (Malaysia), Best Mixed Assets Group (Islamic) and 30 fund awards. It extended its winning streak to four years in a row by outperforming its peers in various categories.
By Goh Thean Eu
Public Mutual, the largest private unit trust company in Malaysia, is no stranger to winning awards and accolades.
However, it carries a special meaning to be able to win multiple awards during an unprecedented year – a year largely influenced by the Covid-19 pandemic.
The Kuala Lumpur-based asset manager bagged four titles in the
Asia Asset Management Best of the Best 2021 Awards: Best Retail House (Malaysia), Islamic Retail House of the Year (Malaysia), Best Sukuk Manager (Malaysia), and Best Investor Education (Malaysia).
Yeoh Kim Hong, chief executive officer of Public Mutual, attributes the company’s success to its investment philosophy, which is to invest in fundamentally-strong companies throughout various economic cycles.