Hornbill Unleashed

August 11, 2017

Sim Kheng Boon appointed CEO of Development Bank of Sarawak

Filed under: Politics — Hornbill Unleashed @ 8:02 AM

The Chief Minister’s Office (CMO) today announced the appointment of Sim Kheng Boon as the chief executive officer of the newly-formed Sarawak Development Bank Bhd (DBOS) effective Aug 1.

Following the appointment of the CEO and other the professionals in his core team, DBOS will be ready to commence operations by Jan 1, 2018, a statement from the CMO read.

Sim will be fully supported by the Board of DBOS comprising of its chairman and State Secretary Tan Sri Datuk Amar Mohamad Morshidi Abdul Ghani and members Sharkawi Alis, Christopher Adrian and Datu Laura Lee Ngien Hion.

Sim is a Sarawakian who graduated with a Degree of Commerce (Hons) from the University of Windsor, Ontario, Canada. He is also an associate member of Asian Institute of Chartered Banker.

He has more than 30 years of extensive experience and skill in the financial industry and is a recognised and reputable corporate figure in the industry.

Sim served as executive director of East Malaysia of Kenanga Investment Bank Bhd from 2012 to 2015. He had also served with AmBank AmInvestment Bank Bhd for almost 30 years. His last position with the bank was as the director, Sarawak Region.

He joined AmInvestment Bank in 1983 in line functions and was later promoted to key managerial positions with significant leadership roles.

During his tenure with Ambank Group, he was instrumental in grooming Sarawak – based companies for public listing besides providing corporate advisory services in fund raising via capital markets, corporate structuring as well as financial advisory on merges of acquisitions.

In addition, Sim served as an independent director of Zecon Bhd and retired just recently.

Source : The Borneo Post Online by



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