Mr Phoon Soon Keong (“Mr Phoon”), was appointed as the new Chairman of AmGeneral Insurance Berhad on January 1, 2018. Phoon has been a member of the Board of Directors of AmGeneral Insurance Berhad since August 15, 2017. Mr Phoon is a qualified Certified Public Accountant, Malaysia and is a member of the Malaysian Institute of Accountants (“MIA”). He started his career with Price Waterhouse (currently known as PricewaterhouseCoopers) as an articled student in 1975 and was promoted to Qualified Assistant in 1979 after qualifying as a Certified Public Accountant, Malaysia. He left PwC to start his own practice in 1980 and was a partner in P.C Chan & Partners from 1981 to 1986. He rejoined PwC as a Senior Manager of the Audit Practice in December 1986 and was Executive Director in the Firm from 1994 to 2010. During his tenure as Executive Director, he was the Director-in-charge of the Valuation & Strategy Practice of PricewaterhouseCoopers Consulting Sdn Bhd.
He has extensive experience in audit, business recovery, turnaround management, corporate and debt restructuring, corporate finance, mergers and acquisitions and share valuations. The industries which he has consulted include insurance, newspaper publishing, manufacturing, plantations, oil & gas, construction and property development and utilities. He was the Acting Chief Executive Officer of PanGlobal Insurance Berhad (“PanGlobal”) from January 2007 to April 2009. He was appointed as the Appointed Person of Tahan Insurance (Malaysia) Berhad (“Tahan”) by Bank Negara Malaysia under Section 59(4)(a) of the Insurance Act 1996 to assume control of the whole of Tahan’s property, business and affairs and to carry on the whole of Tahan’s business and affairs on behalf of the Bank from May 2009 to December 2010.
He was a Director of Assunta Hospital from 2005 to 2012 and was the Chairman of the Assunta Board from June 2011 to December 2012. Currently, he is the Chairman of the Board of Governors of Pusat Kebajikan Good Shepherd. He is also a director of Good Shepherd Services and Assisi Palliative Care Berhad, two charitable organisations. Mr Phoon has no shareholding in the Company. He is also an Independent Non- Executive Director of AmMetLife Insurance Berhad and AmMetLife Takaful Berhad.