Andrew ooi su jin is affiliated with silverlake axis ltd. Goh thean eu may 19, 2015 malaysian software billionaire dr goh peng ooi and his team at silverlake axis ltd have reasons to be all smiles this year, with demand for the company s solutions and services expected to remain encouraging. The company business model is rather simple it licenses its software to banks, then have its engineers set up the system and run subsequent maintenance. Carefully listen to this interview as it will give you an understanding of its history as axis system as well as mr goh peng oois love for math and his business view. Com sdn bhd rhb finex has entered into a subscription. The seventh child of a butcher, goh, 60, doesnt yearn for honorifics or invitations to rub shoulders with the rich and famous in the country. Mar 28, 2012 silverlake axis mr goh peng ooi supplementary as stated, this is a supplementary to the current report on silverlake axis before the final post this weekend. The singaporelisted company now provides financial software for 40% of southeast asias banks. Goh was appointed group executive chairman on 23 may 2006. Since its inception, the groups original tagline, symmetry at. Goh peng ooi, who has created a very familial feel to the firm. Founder of silverlake axis and malaysias first tech billionaire goh peng ooi shares the. Vincent is an associate in the tax practice of tan peng chin llc, while simultaneously holding a position as a lecturer of law at the singapore management university school of law, where he teaches contract law and tax law. Malaysian software billionaire dr goh peng ooi pic above and his team at silverlake axis ltd have reasons to be all smiles this year, with demand for the companys solutions and services expected to remain encouraging.
Goh peng ooi and silverlake featured in forbes asia special issue, march 2015 goh peng ooi has been selling software to banks for more than 25 years, but hes much more comfortable talking about math or philosophy than business. Stay informed and uptodate on your network with relsci news and business alerting service. Goh peng oois net worth fell by more than half as shares of his financialsoftware company. Goh peng ooi was appointed as the group executive chairman of silverlake axis ltd the company on 23 may 2006. Goh peng ooi went on to found silverlake axis, a financial services software company, after spending nearly a decade at ibm in the u. Prior to that, he was a nonexecutive director from 20 august 2004. In recent months goh peng ooi has been tagged as malaysias first and only tech billionaire, and even southeast asias first software billionaire. Prior to that, he was nonexecutive chairman since 2002. Goh peng ooi, who has created a very familial feel to the.
Singaporelisted silverlake axis ltd, a software solutions provider, found itself the target of shortsellers after a report accused the company of engaging in thirdparty transactions with companies run by its founder and group executive chairman goh peng ooi pic. Oct 30, 2015 which brings us to this quote about goh peng ooi by goh peng ooi. Mar 20, 2018 goh peng ooi is a businessman from malaysia and founder of banking software provider silverlake axis ltd. Mr goh founded the silverlake group in 1989 where he is concurrently the executive chairman and director of silverlake system sdn. Ive been travelling worldwide for many years now, and have encountered many software companies providing banking solutions. Company provides banking and financial services software to companies around the world. Meet the richest tech tycoon in 14 major countries around. Goh peng oois fortune soared 72% as shares of his silverlake axis jumped 50% over past year, thanks to its dominant market position and full pipeline of projects.
Goh s hometown of penang, malaysia, there were a variety of. Malaysian billionaire founder of software company silverlake. Silverlake is now the top banking software provider in malaysia. Many a malaysian fortune was pummeled over the past year, but few. The stock price has more than quadrupled since early 2012, making it one of southeastasias most. Software firm silverlake axis shares are at an alltime high, valuing gohs 66. The unbelievable financial alchemy of silverlake axis. Nov 07, 2018 the development of fintech has sped up over the last 34 years and technology is changing the way we do our banking transactions today. Prior to that, he was the nonexecutive chairman of the company since 2002. Goh is also membergovernors board at first city university college and membergovernors board at iact college.
Goh peng ooi is now malaysias first tech billionaire. So before i launch into my own personal monologue, here are 12 things i learned from silverlake axiss agm 2015. Silverlake axis ltd why did it ignore investor concerns. Goh peng ooi is the group executive chairman of silverlake axis ltd. Despite the disruption, chairman goh peng ooi believes that fintech will not replace banks. My opinion is i told the board that we are responsible to all shareholders and we should explain run a presentation on how we run this company. Cnplaw advised silverlake axis ltd on acquisition of three. It is safe to say that dr goh peng ooi pic, founder and chief executive officer of enterprise software company silverlake axis ltd, is a one of a kind in the tech ecosystem of malaysia. My personal analysis of silverlake axis my sweet retirement. Residence kuala lumpur citizenship malaysia marital status married children gohs daughter, goh shiou ling is a nonexecutive director of.
In a filing with bursa malaysia, rhbcap said its whollyowned unit rhb finexasia. The company provides digital economy software solutions and services to the banking, insurance, payment, retail and logistics industries. The three companies silverlake digital economy, silverlake digitale and silverlake one paradigm are each 70 percent owned by the groups executive chairman and controlling shareholder, mr goh peng ooi. Silverlake axis to proceed with acquisition of three firms. Silverlake axis sal is a leading provider of digital economy solutions and services to major organisations in banking, insurance, payments, retail and logistics industries. Not all companies are the same obviously, and many of the. Apr 04, 2015 goh peng ooi pic might well be the least famous billionaire in malaysia, and he will not have it any other way. He founded silverlake group in 1989 and has built it to become an established provider of an advanced, state of the art universal integrated banking. Goh peng ooi and silverlake featured in forbes asia special. Malaysias stealth software billionaire digital news asia. Silverlake sponsored and participated in the 7th banktech asia series 2. Mar 12, 2015 on the forbes list of malaysias 50 richest people, goh peng ooi is ranked 9th. Goh peng ooi and silverlake featured in forbes asia. Nurture your network and further your business goals with smart intelligence on the people and companies.
May 08, 2019 on top of that, this technical collaboration with intel means silverlakes solution can leverage intels solutions as well, such as intel software guard extensions of sgx. Sg including business summary, industrysector information, number of employees, business summary, corporate governance, key. Goh peng ooi nonexecutive chairman mr goh peng ooi was appointed a director in 2002. He has since built silverlake group to be an established provider of integrated banking system in the region. Marc lubaszka is the founder of several small businesses related to finance and investment advisory. Goh peng ooi is a businessman from malaysia and founder of banking software provider silverlake axis ltd. Jan 06, 2018 sale of software and hardware products. Retail banking technology from the 26th to 27th of may 2015. The three malaysianincorporated private companies silverlake digital economy sde, silverlake digitale sds and silverlake one paradigm sop are each 70% owned goh peng ooi.
This is not just because he is the first software billionaire, as. Silverlake axis limited is an investment holding company. Rhbcap partners goh peng ooirelated unit for software. Integrators sis and independent software vendors isvs in 2005. Silverlake builds intelbased, hard security enterprise. Goh peng ooi began his career at ibm and in 1989 started his own company, silverlake axis. Meet 14 of the richest tech tycoons from around the world. Silverlake axis, goh peng ooi, relatedparty transactions rpt. Dubbed the first software billionaire in southeast asia, goh, 60, is the founder of kuala lumpurbased silverlake axis, a homegrown software solutions company where he holds a 74 percent stake. Silverlake ceo raymond kwong and chairman goh peng ooi. It added that there were numerous red flags and ample evidence suggesting that goh had used these relatedparty transactions to inflate silverlakes reported results. The report highlighted that silverlake axis had huge relatedparty transactions with private companies that are linked to its executive chairman and founder, goh peng ooi.
Silverlake axis, the banking software solutions provider, is going ahead with the acquisition of three companies linked to its executive chairman to strengthen its position as a fintech innovation accelerator. Oois company silverlake axis is publically traded in singapore and provides financial software for almost. He obtained a bachelor of engineering majoring in electronics engineering from the university of tokyo on the monbusho scholarship. His singaporelisted silverlake axis now provides financial software for 40% of. Having the banks as the steady clientele, goh enjoys his main source of wealth through silverlake axis which he owns a majority stake in. With silverlake axis, goh has been selling financial software solutions to banks for more than 25 years. Silverlake axis provides core banking platform to 40% of the top 20 largest banks in sea. Sep 07, 2015 the report highlighted that silverlake axis had huge relatedparty transactions with private companies that are linked to its executive chairman and founder, goh peng ooi. The singaporelisted company now provides financial software for. Silverlake axis is the malaysiabased provider of software and systems for financial institutions in southeast asia. Mr goh peng ooi was the founder and group executive chairman for silverlake axis. On the forbes list of malaysias 50 richest people, goh peng ooi is ranked 9th. Andrew ooi su jin, chief technology officer, merimen group. In 2015, an anonymous shortseller report accused silverlake axis of doing relatedparty transactions rpt with private companies that were linked to goh.
Goh peng ooi started his career at ibm and in 1989 started his own company. Goh peng ooi software genius image via silverlake axis goh peng ooi, the seventh out of the 10 children of a butcher, grew up in a kampung and has always been fascinated about reading books because they offered him the answers to his questions. It was in march that goh first proposed the acquisitions to the independent directors of silverlake axis. Goh, 63, is malaysias first tech billionaire courtesy of his 64. Goh peng ooi is the first malaysian tech billionaire. Goh peng ooi always had a keen interest in science and mathematics. Goh peng ooi has over 30 years of experience in information technology. He often sees the value of his net worth fluctuate with the price of stocks he is holding. Held at the grand millennium, kuala lumpur, the conference is a good platform to network with key industry influencers and decision makers, recognize leadingedge products and solutions, and to discuss best practice strategies for. The company said it has responded to mr goh by submitting a nonbinding letter indicating its interest to further explore the opportunity. Believes core banking is about group theory environment. Malaysian software billionaire says golf has helped sharpen his skills malaysian software entrepren eu r goh peng ooi never attended a top school, and. Malaysian software billionaire dr goh peng ooi and his team at silverlake axis ltd have reasons to be all smiles this year, with demand for the companys. Who knows how to convert core banking services to platform.
Profile vincent is an associate in the tax practice of tan peng chin llc, while simultaneously holding a position as a lecturer of law at the singapore management university school of law, where he teaches contract law and tax law. Singaporelisted silverlake axis ltd, a software solutions provider, found itself the target of shortsellers after a report accused the company of engaging in thirdparty transactions with companies run by its founder and. Founded in 1989, silverlake axis has built a track record of successful banking implementations. But that alone didnt make goh, the founder and major shareholder of singaporelisted silverlake axis ltd and, the ninth richest malaysian according to forbes, the man he is today.
The company is a provider of digital economy solutions and services to the banking, insurance, payment, retail and logistics industries. Dr kwong was the managing director of silverlake corporation and connectif commerce sdn bhd both were under silverlake group from 2001 to december 2003 and october 2005, respectively, where he led the successful implementation of. A simple search reveals mr goh started his career in ibm malaysia before leaving ibm in 1989 to set up silverlake axis. Malaysian billionaire goh peng ooi said the board of. You dont have to worry that goh peng ooi wont talk. Malaysias first tech billionaire hails from penang. In fact, in my experience of working with him and his team, it is very much a closeknit community of friends and colleagues which creates a very warm atmosphere. On top of that, this technical collaboration with intel means silverlakes solution can leverage intels solutions as well, such as intel software guard extensions of sgx. Dr kwong was appointed group managing director on 1 november 2005. Who knows how to convert core banking services to platform services better than the original.
Independent directors of software firm silverlake axis said on wednesday the company should explore a proposal by executive chairman goh peng ooi to sell his private entities to the company. According to silverlakes founder and group executive chairman, goh peng ooi, this means secrets remain protected even when attackers have full control of the platform. Rhb capital bhd rhbcap has teamed up with singaporelisted silverlake axis ltd, a unit connected to malaysian technology billionaire goh peng ooi, to collaborate in software development. Goh peng ooi has been selling software to banks for more than 25 years, but hes much more comfortable talking about math or philosophy than business.
Goh thean eu may 19, 2015 malaysian software billionaire dr goh peng ooi and his team at silverlake axis ltd have reasons to be all smiles this year, with demand for the companys solutions and services expected to remain encouraging. His silverlake axis, based outside kuala lumpur, is on a tear. Silverlake axis mr goh peng ooi supplementary as stated, this is a supplementary to the current report on silverlake axis before the final post this weekend. The development of fintech has sped up over the last 34 years and technology is changing the way we do our banking transactions today. Com sdn bhd rhb finex has entered into a subscription agreement with silverlake international capital. Goh peng ooi is the director of plc professional leading career. This is not just because he is the first software billionaire, as measured in us dollars. Goh has over 30 years of experience in information technology.
Investideas view topic silverlake axis goh peng ooi. Feb 24, 2016 goh peng ooi s net worth fell by more than half as shares of his financial software company. Malaysian software billionaire says golf has helped sharpen his skills malaysian software entrepren eu r goh peng ooi never attended a top school, and is proud of it. After a nineyear stint with ibm, he founded the silverlake group in 1989 based on his passion and confidence in the predictability and accurateness of mathematics and science. Silverlake axis mulls acquisition of executive chairmans.