The Labuan Financial Services Authority has announced the appointment of Datuk Oh Chong Peng as its new Chairman, effective October 16 until February 15 2020.
Peng has close to 50 years’ experience in financial and other business sectors.
He is currently the Non-Executive Director of British American Tobacco (Malaysia) Berhad, Malayan Flour Mills Berhad, Dialog Group Berhad, Kumpulan Europlus Berhad, PUC Berhad and a trustee of UTAR Education Foundation.
Peng was Chairman of the Alliance Financial Group until his retirement from the Board in 2017.
He was also a partner of Coopers & Lybrand Malaysia and government-appointed member of the Kuala Lumpur Stock Exchange (now known as Bursa Malaysia) as well as the Malaysian Accounting Standards Board.
The country’s International Business and Financial Centre had revealed recently that it continued to serve the growing regional insurance sector in 2017, with gross written premiums increasing by 2.2% to US$1.4 billion.
