Mr Yip Kit Weng (“Mr Yip”) was appointed as an Independent Non-Executive Director of PRIVASIA on 15 November 2022 and he is also appointed as a member of the Audit and Risk Management Committee.
Since 1 January 2021, Mr Yip serves as a Divisional Councillor of CPA Australia, Malaysia. He also currently serves as President of the Malaysia Divisional Council for CPA Australia since 1 January 2025 to present. Mr Yip was elected as Deputy President for the calendar years 2023 and 2024. Mr Yip also serves on the Council of the Malaysian Institute of Accountants having been appointed by the Minister of Finance 2 under the Accountants Act, 1967 (Act 94) for the term from 15 February 2025 to 14 February 2027.
Mr Yip began his career in 1993 with Messrs Pricewaterhouse before joining Utama Wardley Berhad (a merchant bank jointly owned by Utama Banking Group Berhad and HSBC Investment Bank Asia Ltd) three years later. He spent a total of 8 years as Senior Manager, Corporate Finance with Utama Merchant Bank Berhad and also worked as an Executive Director with AFG Advisory Sdn Bhd from 2004 to 2008. He has approximately over 30 years of experience in Equity Fundraising, Corporate Finance and Advisory Services, Corporate Banking, Private Debt Securities Issuances and Private Equity Transactions.
Mr Yip previously served as Deputy Group Managing Director of Affin Hwang Investment Bank Berhad for 2 years. From November 2019 to October 2020, he was a Non-Independent and Non-Executive Director of Affin Hwang Asset Management Berhad, AIIMAN Asset Management Sdn Bhd and Affin Hwang Trustee Berhad. He was also the Executive Director and Head of Investment Banking at Nomura Securities Malaysia Berhad since 2014. Prior to that, he served as as Director, Corporate and Investment Banking Services at RHB Investment Bank and as Director/Team Head of Equity Capital Markets with CIMB Investment Bank from 2010 to 2013.
During the financial year under review, Mr Yip served as an Independent Non-Executive Director of Esente Capital Berhad, PCA Capital Market Sdn Bhd and Capital Dynamics Asset Management Sdn Bhd. He also serves as an Independent Non-Executive Director of Euro Holdings Berhad a Company listed on the Main Market of Bursa Securities Malaysia Berhad and as an Independent Non-Executive Chairman of Infocus Group Holdings Limited (formerly known as Frugl Group Limited), a company listed on the Australian Stock Exchange. He does not hold any other directorship of public companies and listed issuers.
Mr Yip also serves as a Member of the Faculty of Business Industry Advisory Board, Curtin University Malaysia (2023-2026).
None of the Directors has any family relationship with, and is not related to, any Director or major shareholders of PRIVASIA. None of the Directors has any conflict of interest or potential conflict of interest including interest in any competing business with PRIVASIA or its subsidiaries. None of the Directors has any conviction for offences within the past five years other than traffic offences, if any, and has not been imposed with any public sanctions or penalty by the relevant regulatory bodies during the financial year ended 31 December 2025.
NATIONALITY, AGE & GENDER
Malaysian. 55 Years. Male
ACADEMIC / PROFESSIONAL QUALIFICATIONS / MEMBERSHIPS
APPOINTED ON
BOARD MEETING ATTENDANCE
Financial Year Ended 31 December 2025 - 6/6
Leadership At PRIVASIA
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Annual Reports
PRIVASIA’s Annual Reports comprise key financial and non-financial information for the year ended 31 December, in accordance with applicable regulatory and reporting standards.
The reports present the Group’s financial results, governance practices, and sustainability initiatives, enabling stakeholders to assess performance, risk management, and value creation.
Financial Reports
Access PRIVASIA Technology Berhad’s latest Financial Results together with prior quarterly and annual financial disclosures.
These reports are published in accordance with Bursa Malaysia’s disclosure requirements and provide shareholders and investors with transparent insights into the Group’s financial performance and position.
Sustainability
PRIVASIA continues to publish a dedicated sustainability report outlining how the Group creates long-term, sustainable value for its stakeholders.
This reflects our response to the growing expectations for companies to operate responsibly and contribute positively to social, ethical, and environmental outcomes, while integrating sustainability into our business strategy and decision-making.
Corporate Governance
Corporate governance is central to how PRIVASIA is directed and managed. It ensures accountability, transparency, and responsible decision-making across the Group.
We are committed to conducting our business with integrity, transparency, and in compliance with all applicable laws and regulations. These principles form the foundation of our governance framework and guide how we protect the interests of our stakeholders, including shareholders, employees, customers, and the wider community.