Friday 29 Mar 2024
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PETALING JAYA (July 15): Pacific Mutual Fund Bhd, a member of the OCBC Group, has appointed Teh Chi-cheun as its new chief executive officer (CEO) and chief investment officer (CIO).

In a statement released today, the investment management company said Teh will also become an executive director in the company.

Teh was with Pacific Mutual from 2006 to early 2011 before furthering his career with an investment bank and then a leading foreign insurance player.

Pacific Mutual also announced the appointment of previous CIO Koh Huat Soon as the deputy CEO.

Koh will now have an expanded role in the overall management and direction, as well as the business growth of Pacific Mutual. He will also continue to be responsible for the company’s investment management functions.

“[We are] confident that with these appointments, the company continues to have the leadership to build on its existing strengths and develop in new directions that will ensure sustainability and future growth,” Pacific Mutual said.

Teh’s predecessor Gary Gan, it also said, has left the company to pursue his personal interests.

Lion Global Investors Ltd (formerly Lion Capital Management Ltd) owns 70% of Pacific Mutual, while Koperasi Angkatan Tentera Malaysia Bhd owns the remaining 30%. Lion Global, incorporated in Singapore since 1986, is a member of the Singapore OCBC Group of companies.

The ultimate holding company of Pacific Mutual is Oversea-Chinese Banking Corporation Ltd.

 

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