Choy Khai Choon, Steven

Chairman/Non-Independent Non-Executive Director

Choy Khai Choon, Steven (“Mr. Choy”) was appointed as the Chairman and Non-Independent Non-Executive Director (“NINED”) of Kenanga Investors Berhad (“KIB”) on 1 April 2023.

Mr. Choy is currently a NINED of Kenanga Investment Bank Berhad (“KIBB”), the holding company of KIB and a member of its Group Governance, Nomination & Compensation, Group Board Risk Committee and Group Board Digital Innovation & Technology Committee. He is a Board representative of Cahya Mata Sarawak Berhad, a major shareholder of KIBB.

He holds a Masters in Business Administration from Oklahoma City University, USA and Bachelor of Commerce from the University of New South Wales, Australia. He also attended the General Management Programme at INSEAD, France and is a Fellow of the Certified Practising Accountants, Australia and a member of the Malaysian Institute of Accountants.

Mr. Choy is currently a Non-Independent Non-Executive Chairman of Zurich Life Insurance Malaysia Berhad and Zurich General Insurance Malaysia Berhad where he serves as a member of the Audit Committee, Board Investment Committee, Risk Management and Sustainability Committee, and Nomination and Remuneration Committee of both companies.

Mr. Choy also currently serves as an Independent Non-Executive Director (“INED”) of Hap Seng Plantations Holdings Berhad (“HSP”) and is appointed as a member of the Audit Committee of HSP, as well as an INED of MSM Malaysia Holdings Berhad (“MSM”) and the Chairman of MSM’s Audit, Governance and Risk Committee and a member of its Investment and Tender Committee.

In addition, he is also 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, as well as an Authority Member and Chairman of the Audit Risk Management Committee of the Labuan Financial Services Authority.

He previously served as the Senior INED of Malaysia Marine and Heavy Engineering Holdings Berhad (“MHB”) until his retirement on 21 April 2022. At MHB, he had assumed the position as Chairman of the Board Audit Committee and a Member of the Nomination & Remuneration Committee. He was also formerly a Public Interest Director of Federation of Investment Managers Malaysia (“FIMM”) where he also served as the FIMM’s Chairman of the Nomination and Remuneration Committee and Chairman of the Private Retirement Scheme Sub-Committee until the completion of his term on 12 June 2022.

Mr. Choy has extensive experience in the financial sector and has served as the President/Chief Executive Officer of Cagamas Berhad for six (6) years before retiring in March 2012.

Prior to that, he was the Senior General Manager, Head of Group Business Engineering of RHB Banking Group and held various senior positions in Morley Fund Management Ltd, Singapore, Aviva Insurance Group, Commercial Union Assurance Berhad and Credit Corporation Malaysia Berhad.