Cahya Mata Sarawak Berhad : CMSB Corporate Representative Appointed to Kenanga Board

Kuching (Sarawak), Tuesday, 14 December 2021 - Cahya Mata Sarawak Berhad (CMSB or the Group) is pleased to announce that Mr Choy Khai Choon, a corporate representative of CMSB, has been appointed to the Board of Kenanga Investment Bank Berhad (Kenanga) as a Non-Independent Non-Executive Director on 13 December 2021.

Mr Choy is currently an Independent Non-Executive Chairman of Zurich Life Insurance Malaysia Berhad and Zurich General Insurance Malaysia Berhad. He is also the Senior Independent Non-Executive Director of Malaysia Marine and Heavy Engineering Holdings Berhad, and an Independent Non-Executive Director of Hap Seng Plantations Holdings Berhad as well as MSM Malaysia Holdings Berhad and serves on the Board Committees of these companies.

In addition to serving as a public interest director of Federation of Investment Managers Malaysia, he is also a member of the Labuan Financial Services Authority as well as a Board member of Asian Banking School Sdn Bhd and Bond and Sukuk Information Platform Sdn Bhd, a non-profit information platform established to provide free public access to information on bonds and sukuk issued in Malaysia.

Bringing in over forty (40) years of extensive experience in the financial sector, he had served as the President / Chief Executive Officer of Cagamas Berhad for six (6) years before retiring in March 2012. Mr Choy also holds a Master in Business Administration from the Oklahoma City University in the U.S. and Bachelor of Commerce from the University of New South Wales, Australia. He is also a Fellow of the Certified Practicing Accountant, Australia and a member of the Malaysian Institute of Accountants.

With the appointment of Mr Choy as a CMSB representative, the Group is confident of strengthening its collaboration with Kenanga Investment Bank Berhad where it continues to remain as the single largest shareholder via an 18.76% equity stake.