KUALA LUMPUR: Public Bank Bhd ’s founder, chairman emeritus, director and adviser Tan Sri Teh Hong Piow has been conferred with the degree of Honorary Doctor by Sunway University.
The honorary doctorate is in recognition of the outstanding contribution of Teh for overseeing the evolution of Public Bank into a modern and integrated financial institution and for his outstanding contribution to the growth of the banking and finance industry in Malaysia, the bank said in a statement.
The award was presented by Tan Sri Jeffrey Cheah, chancellor of the Sunway University at a recent ceremony which was attended by Public Bank Group board members and 1,200 senior staff.
Cheah said in his speech that “Tan Sri Teh’s name was foremost in our mind when we were selecting an individual that personifies the ideals of the honorary doctorate.
“My hope is that Tan Sri Teh’s achievements, attributes and life journey will be an inspiration to our students”.
He noted that Sunway University was pleased to be associated with Teh, a man of great stature, who built Public Bank from ground up in 1966.
“Public Bank has not only become a household name, it has held the record of over 50 years of unbroken profitability,”he added.
Cheah further added that “Tan Sri Teh and I share many similarities. Both of us built our companies from scratch.
We both had a dream and a vision, and worked hard to make it a reality. Both of us came from backgrounds that shape our values and who we are today. And one of these values that he holds, of which I regard highly, is Integrity.”
Teh in acknowledging the award said, “I am deeply honoured and touched to be conferred such a high honour and because it is not always that a man of 89 years of age gets to receive awards, let alone be conferred an Honorary Doctorate.”
“In banking, I found my true vocation. For me, it was never just a job. It is therefore an uplifting experience for me to be recognised and rewarded for doing the things that I truly enjoy. I guess there may be some truth to the saying that “pleasure in the job puts perfection in the work”.
Now as Chairman Emeritus of Public Bank, my passion for banking has not ebbed nor do I find its challenges any less exciting.”
“Public Bank has been my life’s work. When I founded it 53 years ago, I envisioned a Bank that would last generations. Indeed, Public Bank has everything it needs to do so - an excellent senior management team, motivated employees, shared values across the organisation and a strong desire to succeed,” he said.
With the latest award, Teh has amassed 43 personal-to-holder awards of lifetime excellence and achievements and exemplary leadership, which included an honorary PhD from University Malaya in 1989.