The board of directors of Public Financial Holdings Limited announced with great sadness that Tan Sri Datuk Seri Utama Thong Yaw Hong, independent non-executive co-chairman of the company, passed away peacefully on 28 May 2015. Tan Sri Thong was also chairman of the audit committee, nomination committee and remuneration committee of the company. Tan Sri Thong was appointed independent non-executive co-chairman of the company in July 2006.