[ELKDESA] Independent Director APPOINTMENT - MR ONG WAH TONG on 15-Aug-2024

Announcement Date
15-Aug-2024
Board Member Information:
Date of Change
15-Aug-2024
Type of Change
APPOINTMENT
Designation
Independent Director
Directorate
Independent and Non Executive
Age
58
Gender
Male
Nationality
Malaysia
Working Experience
Mr. Ong Wah Tong has more than 30 years of professional banking experience in retail banking industry.

Between 1999 and 2011, Mr. Ong was a Branch Manager at Public Bank Berhad (PBB) where his main job role included streamlining communication between various departments within PBB for better collaboration on projects relating to client accounts and processing of loan applications. He also resolved escalated customer issues as well as managing the daily branch operations for optimal efficiency and performance to improve customer experiences.

In 2011, Mr. Ong joined the Credit Review Division of PBB. He took charge of conducting periodic reviews of existing loans, evaluating the effectiveness of credit risk controls and recommending improvements as well as detecting potential risks to ensure compliance with established credit policies and to maintain an optimal risk/reward balance.

Between 2012 and 2022, Mr. Ong was appointed as the HQ Manager of the Securities Documentation Centre (SDC) of PBB. He gained vast experience in reviewing the completeness of securities documentation such as loan agreements and collateral pledges to ensure compliance with the relevant laws and regulations and PBBs internal requirements. Mr. Ong retired from PBB in year 2022. 

From year 2022 till to-date, Mr Ong has been holding the position of the Chief Executive Officer in the Budaya Potensi Group, an oil palm company located in Sabah. In his role, he has developed and implemented new policies and procedures to improve the efficiency of company operations. Further, he has also collaborated with legal, accounting, and other professional teams to review and ensure compliance with laws and regulations.
Directorship of Public Companies
None
Family Relationship
None
Conflict of Interest
None
Interest
None
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