Investment company launches its corporate biography


(From left) Former PNB chairman Tun Ahmad Sarji Abdul Hamid, Prof White, Dr Zeti and PNB president and group chief executive officer Datuk Abdul Rahman Ahmad holding PNB’s first comprehensive corporate biography at its launch at Mandarin Oriental Kuala Lumpur.

PERMODALAN Nasional Bhd (PNB) unveiled its first comprehensive corporate biography at a launch held at Mandarin Oriental Kuala Lumpur.

The book, In Trust: A History of PNB, was written by Liverpool John Moores University’s Imperial and Commonwealth History Professor Nicholas J. White.

At the launch, PNB Group chairman Tan Sri Dr Zeti Aziz said it was only fair to document PNB due to its role in social and economic transformation.

“An exploration of this rich biography will invite readers to understand that trust forms the strength of PNB – trust from the Govern-ment, trust from the unit holders and the embedded reminder to all at PNB that we must uphold this trust at all times.

“The PNB management and staff have steadfastly upheld the tenets of integrity, good governance and trust ever since PNB was launched in 1978,” she said.

Dr Zeti also said a portrayal of prominent individuals who have played major roles in PNB was in the book.

“It is a great story to be told and it is enjoyable to read,” she shared.

She said they planned to digitalise the book so it would be available forever in the system.

“It can be available to schools and university libraries,” she added.

Asked if the book could be published in Malay, she said it was a good suggestion as a majority of their unit holders were Malay.

Prof White said he took two years to research and write the book.

“I am humbled to be part of the publication.

“The writing of this book would not have been possible without the reflection of key personalities,” he pointed out.

In addition, Prof White said he received support from former leaders of PNB, its staff and its Research Institute’s team who provided valuable information and insight about the organisation and source materials.

“PNB’s legacy is a fascinating one as it has shown that an institution with very strong capabilities in the corporate sector can bring about significant progress to Malaysian society.

“It has in-depth analysis of what it has done to the Malaysian economy and it is important for Malaysians to understand the history,” he said.

Among others, he said PNB has transformed many lives such as through its scholarship and innovative programmes.

The launch of the book coincided with the 40th anniversary of PNB, which now has more than RM290bil assets under management, including investments owned by its 13.6 million unit holders as well as the institution’s strategic investments in Malaysia’s leading corporations, global equities, private investments and real estate.

Priced at RM150 for hard cover volumes and RM120 for the soft cover, the book will be available nationwide at major bookstores and online, via MPH Online store from Dec 10.

Prof White said he was currently co-operating with University Malaya to write another book related to PNB on the New Economic Policy and he was optimistic that the book could be published in 2020.

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