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Steven Choy Khai Choon

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lndependent Non-Executive Director

Age: 64
Nationality: Malaysian
Gender: Male
Date of Appointment: 8 May 2020
Length of Service: < 3 years
Date of Last Re-election: 17 June 2020

Board Committee Membership:

  • Chairman of Audit, Governance and Risk Committee
  • Member of Investment and Tender Committee

Qualification(s):

  • Professional Qualification in Accounting, Australian CPA
  • Professional Qualification in Accounting, The Malaysian Institute of Accountants
  • Professional Qualification in Generaal Management, INSEAD Europe Campus, France
  • Master in Business Administration, Oklahoma University, USA
  • Bachelor Degree in Commerce, University of New South Wales, Australia

Working Experience and Occupation:

  • Non-Independent Non-Executive Director, Kenanga Investment Bank Berhad (December 2021 - present)
  • Chairman, Zurich General Insurance Malaysia Berhad (January 2021 - present)
  • Member of Labuan Financial Services Authority (Labuan FSA) (November 2020 - present)
  • Independent Director, Hap Seng Plantations Holdings Berhad (November 2017 - present)
  • Senior Independent Director and Board Audit Committee Chairman, Malaysia Marine and Heavy Engineering Berhad (February 2013 - present)
  • Nomination & Remuneration Committee Chairman, Zurich General Insurance Malaysia Berhad (August 2019 - December 2020)
  • Chairman of the Board, Zurich Life Insurance Malaysia Berhad (September 2013 - present)
  • Audit Committee Chairman, RAM Rating Services Malaysia Berhad (August 2013 - June 2020)
  • Deputy Chairman of the Board, Chairman of Audit Committee and Nomination & Remuneration Committee, Deutsche Bank Malaysia Berhad (June 2012 - June 2021)
  • Public Interest Director, Federation of Investment Managers Malaysia (September 2019 - present)
  • Independent Director, Bond & Sukuk Information Platform Sendirian Berhad (November 2017 - present)
  • Independent Director, Asian Banking School Sendirian Berhad (December 2015 - present)
  • President/Chief Executive Officer, Cagamas Berhad (April 2006 - March 2012)
  • Senior General Manager, Group Head, RHB Banking Group (2003 - 2006)
  • Chief Executive Officer, Morley Fund Management Ltd, Singapore (2001 - 2002)
  • Regional Finance & Planning Director, Asia, Aviva Insurance Asia (1998 - 2001)
  • Commercial Union Assurance Berhad (1995 - 1998)
  • Credit Corporation Malaysia Berhad ("CCMB") (1984 - 1995)

Directorship of Public Companies:

  • Zurich Life Insurance Malaysia Berhad
  • Zurich General Insurance Malaysia Berhad
  • Malaysia Marine & Heavy Engineering Berhad
  • Hap Seng Plantations Holdings Berhad
  • Kenanga Investment Bank Berhad

MSM Sugar Refinery (Johor) Sdn. Bhd. (MSM Johor), a subsidiary of MSM Malaysia Holdings Berhad (MSM) operates MSM’s new sugar refinery based in Tanjung Langsat, Johor which is set to be the largest standalone sugar refinery in Malaysia. Erected on a 50.63 acre land plot, the integrated complex is under development for Phase 1 - to build and operate a 3,000 tonnes per day of refined sugar output (RSO) contributing of up to 1 million MT on the Group’s annual production capacity. This is set to be fully commissioned by mid year of 2018. Upon increase in demand, expansion of Phase 2 shall commence by 2025. The combined annual production capacity of Phase 1 and Phase 2 is capable for up to an astounding 2 million MT, strengthening MSM’s position as one of the leading refined sugar producer in the region. With an investment of approximately USD $259 million for the development of Phase 1, this magnifies the Group’s confidence to showcase its ability towards MSM’s 53 years of talented expertise and experience in sugar refining and skilled management. Upon completion and full commissioning of MSM Johor, the total group production capacity will increase of up to 3.25 million MT per annum. One of MSM Johor’s salient point enables capacity building which translates to competitive pricing on end products. This allows MSM to foray into neighbouring countries, further strengthen the Group’s domestic market share and transform Malaysia into a regional hub for high quality refined sugar. Significantly, MSM Johor is seen to be a key growth driver for MSM Group to realize its mission in becoming one of the top 10 global sugar player by 2020.