KUCHING, NOV 3: Development Bank of Sarawak (DBOS) is fully owned by Capital Development Resources (Sarawak) Sdn Bhd which in turn is fully owned by the State Financial Secretary.
The launch of DBOS — Sarawak’s first own development bank — by Chief Minister Datuk Patinggi Abang Johari Tun Openg today is a milestone achievement for the state,
State Secretary Tan Sri Datuk Amar Mohd Morshidi Abdul Ghani is the chairman of Development Bank of Sarawak (DBOS) while Sim Kheng Boon has been appointed as the Chief Executive Officer.
Apart from Morshidi, other board members are Datu Laura Lee Ngien Hion, Dato Sharkawi Alis, Christopher Adrian and Ho Swee Huat.
Sim was the senior director-cum-head of East Malaysia operations in Kenanga Investment Bank Berhad from Sept 2012 until his retirement in 2015.
Prior to joining Kenanga IB, Sim was the Sarawak Region director at AmInvestment Bank where during his 29-year tenure, he was responsible for the bank’s entire investment banking operations in the Sarawak region, which included corporate advisory, debt capital market, corporate and institutional banking, brokering and private banking.
Meanwhile, board member Christopher, 55, is an engineer by profession. He received his Bachelor of Science in Civil Engineering from University of Iowa and later obtained his Masters in 1991 from Massachusetts Institute of Technology. He is also a member of Institute of Engineers Malaysia and Association of Consulting Engineers Malaysia. Christopher served at the state Works Department until 1996 after which he founded his own consulting firm known as Jurutera TCS Sdn Bhd.
Ho, 63, has a degree in Economics from Hamilton College, USA and subsequently earned his Masters of Science Degree in Industrial Relations and Personnel Management from London School of Economics and Political Science, UK.
Ho’s professional training was in Morgan Guaranty Trust Company (now known as J P Morgan) in New York. Subsequently he joined Oversea United Bank (OUB) as Head of Regional Business Department and Head of Premier Banking from October 1988 to May 1993.
From OUB, he moved to Paribas Merchant Banking Asia Pte Ltd where he was instrumental in setting up the organisation’s wealth management business for South East Asia.
He left Paribas to set up his own consulting firm in September 1997 which offers financial and corporate advisory services.
From 2004 to 2013, he was appointed as the independent director and chairman of the audit committee for Capita Commercial Trust Ltd in Singapore.
Meanwhile, Sharkawi, 70, is a barrister-at-law from Middle Temple, London where he was called to the bar in 1971.
Sharkawi has practised Malaysian Judicial and Legal Services in various capacities for 11 years before he was appointed as group legal adviser for Malaysia Mining Corporation Bhd.
In January 1997, Sharkawi joined Securities Commission Malaysia as director of market supervision division and subsequently as director of corporate resources division until March 2003. He sits on many corporate boards and is also a trustee for Yayasan Hartanah Bumiputera Sarawak. — DayakDaily