No plans to take over Public Bank management - founder's family

The children of Public Bank Berhad founder, the late Teh Hong Piow, have no plans to be part of the board of directors (BOD) or take over the group’s management in the near future.

Hong Piow’s youngest daughter, Diona Teh Li Shian, said the current group chief executive officer and managing director Tay Ah Lek is doing a great job leading the bank’s management team.

“Currently, we don’t see any...