Credit Guarantee Corp appoints Choong Tuck Oon as new director

Choong Tuck Oon

KUALA LUMPUR: Credit Guarantee Corporation Malaysia Bhd (CGC) has appointed Choong Tuck Oon as its non-executive director. 

The group, which announced the appointment in a statement on Tuesday, said Choong specialises in technology, strategy and transformation in both the banking and insurance industries.

It said he is also an active member of the digital start-up ecosystem in ASEAN, where he is frequently called upon for advice with regards to digital and FinTech based programmes. 

Choong was with Accenture for 24 years, where he retired as a Senior Partner of Financial Services in the Asia-Pacific. 

He has also led strategic initiatives with more than 20 large domestic and global banks and insurers in Malaysia, Singapore, Indonesia, Thailand, China, Hong Kong and Taiwan, including national payment projects in Malaysia and Singapore. 

Choong began his career in Petronas, where he held an executive position for more than seven years in various upstream and downstream functions.

Choong is currently an Independent Non-Executive Director on the Boards of FIDE Forum Malaysia and NTUC Income Insurance Cooperative Singapore, and previously held the same position for the Boards of RHB Bank, RHB Islamic Bank, RHB Indochina Bank, RHB Indochina Securities and RHB Private Equity.  

He holds a Bachelor of Science (First Class) in Mathematics from the University of Malaya, Masters of Science in Computer Applications from the Asian Institute of Technology and Executive Diploma in Directorship from the Singapore Management University.

CGC was set up on July 5, 1972, and it is 78.65% owned by Bank Negara, while the remaining 21.35% is owned by various commercial banks in Malaysia.