The Board of Directors of Public Financial Holdings Limited announced that Mr. Lai Wan, an independent non-executive director of the company, has been appointed as the independent non-executive co-chairman of the company with effect from 16 July 2015. Mr. Lai Wan has over 40 years of experience in the banking and finance related industries. He was appointed an independent non-executive director of the company in December 2013 and is a member of the Audit Committee, and the Chairman of the Remuneration Committee and Nomination Committee.

He is currently also an Independent Non-Executive Director of Public Bank Berhad, the holding company of the company. He also holds directorships in other companies of Public Bank Group.