Ou Shian Waei has been appointed the new chairman of Private Pension Administrator Malaysia (PPA) effective July 1, 2021, said the central administrator for the
Private Retirement Schemes (PRS) today. He succeeds Datuk Zaiton Mohd Hassan, who is retiring after serving nine years as PPA’s first chairman.
Ou, has been a member of PPA’s governance board since its inception as a Public Interest Director. In addition to his role at PPA, he also serves as an Independent Non-Executive Director of Great Eastern Life Assurance (Malaysia) Berhad and sits on the Board of FIDE FORUM. Previously, he served as a Director of Alliance Financial Group Berhad and Alliance Bank Malaysia Berhad as well as an Independent non-executive Chairman of AIG Malaysia.
A veteran in the information technology and financial services industries, Ou retired as the CEO / Country General Manager from computing giant IBM in January 2010, after almost 30 years of service. The appointment of Ou will bring his considerable experience and leadership to ensure PPA continues to uphold its mandate to protect the interests of PRS Members and increase awareness about the importance of retirement planning among Malaysians.
Ou said, “I am honoured to be entrusted to strengthen PPA’s role as the central administrator for the PRS. PPA will continue to protect the interests of PRS Members and grow the PRS industry alongside the eight PRS Providers and Securities Commission Malaysia”.
“On behalf of PPA, I wish to express our sincere gratitude and appreciation to Datuk Zaiton, whose steadfast stewardship saw PPA and the PRS Industry grow to where we are today since our inception in 2012. As of 31 May 2021, there are more than half a million PRS Members with the total net asset value standing at RM5.1 billion,” Mr Ou added.
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