TUN’S
BIOGRAPHY

A highly respected figure in the Malaysian business and political arenas, Tun Dr Daim Zainuddin left a significant mark on the economy and business world of the country.

Renowned for his sharp strategic insight and strong business acumen, he played a pivotal role in guiding Malaysia through challenging periods and implementing vital economic reforms that shaped the nation’s growth trajectory.

EDUCATION

A highly respected figure in the Malaysian business and political arenas, Tun Dr Daim Zainuddin left a significant mark on the economy and business world of the country.

Renowned for his sharp strategic insight and strong business acumen, he played a pivotal role in guiding Malaysia through challenging periods and implementing vital economic reforms that shaped the nation’s growth trajectory.

EDUCATION

1945-1948

Primary education at Seberang Perak Malay School, Kedah.

1949-1953

Secondary education at Sultan Abdul Hamid College, Kedah.

1954-1955

St. Xavier’s Institution, Penang.

1957-1959

Barrister-at-Law, Lincoln’s Inn, London.

1977-1979

Visiting Scholar, University of California, Berkeley.

1991-1992

Visiting Scholar, Harvard Institute of International Development (Harvard University).

1992-1994

Visiting Scholar, Kennedy School of Government, Harvard University.

2002-2003

Visiting Fellow, Cambridge University UK.

2019

Doctor of Philosophy [PhD], University Malaya.

LIFE AND CAREER

LIFE AND CAREER

1938 - 1959

1938

Born in Alor Setar, Kedah.

1945-1948

Seberang Perak Malay School, Kedah.

1949-1953

Sultan Abdul Hamid College, Kedah.

1954-1955

St Xavier’s Institution, Penang.

1956-1957

Temporary teacher at Sultan Abdul Hamid College, Kedah.

1957- 1959

Lincoln’s Inn, London.

1960 - 1969

1960 – 1962

Began his professional legal practice at Pillai & Co., he later moved on to Shearn Delamore. In 1962, moved to Kelantan and worked at Wan Mustafa & Co.

1961

Admitted to the Malayan Bar.

1962

Joined the Malaysian Judicial and Legal Service.

1962 - 1963

Magistrate in Johor Baru, Johor.

1963 - 1964

Sessions Court Judge in Muar, Johor.

1964 - 1965

Deputy Public Prosecutor in Ipoh, Perak.

1965

Returned to private legal practice with Allen & Gledhill, and thereafter as founding partner in Daim & Gamany.

1969

Ventured into business in Selangor and Melaka, including salt production, food manufacturing (Sedap Food), and food packaging (Daibochi).

1970 - 1983

1971

Started a property development company, developing various housing estates including Taman Maluri and Taman Bukit Maluri in Kuala Lumpur.

1977 - 1979

Visiting Scholar, University of California, Berkeley, USA.

1980

Appointed as the first Chairman of Peremba, the property development arm of the Urban Development Authority, UDA.

1980 - 1982

Senator, Parliament of Malaysia.

1982

Chairman of Fleet Holdings Sdn Bhd, UMNO’s investment arm.

1982

Majority shareholder of Malaysian French Bank Berhad.

1982

Purchased a 33% stake in Sime UEP, the main developer of Subang Jaya township.

1982

Chairman of Syarikat Televisyen Malaysia (TV3) and Rakyat First Merchant Bankers.

1982 - 1986

Member of Parliament for Kuala Muda, Kedah.

1984 - 1989

1984

Sold stake in Malaysian French Bank Berhad to Multi-Purpose Holdings Berhad (MPHB) in exchange for a stake in United Malayan Banking Corporation (UMBC).

1984 - 2001

Treasurer-General of UMNO.

 1984 -  1991

Finance Minister of Malaysia.

1984 - 1991

Member of Lembaga Pemegang Amanah Yayasan Pelaburan Bumiputra.

1985

Treasurer of the ruling political component party, Barisan Nasional.

1986 - 2004

Member of Parliament for Merbok, Kedah.

1986

Divested all shares in UMBC, Sime Darby, Sistem Televisyen Malaysia (TV3), Cold Storage, Guthrie Ropen, Malayan Banking, Technology Resources Industries (TRI), Idris Hydraulic, Oriental Holdings, Tasik Cement, Industrial Oxygen, Bolton Properties, Malayan Flour, SPK, and Syarikat Permodalan dan Perusahaan Perak Berhad (SPPPB).

1990 - 1994

1990 -2001

Joint Chairman of Langkawi Development Authority [LADA].

1991

Vice Chairman of Malaysian Business Council (Majlis Perdagangan Malaysia).

1991 – 1998

Adjunct Professor, Universiti Utara Malaysia.

1991-1992

Visiting Scholar, Harvard Institute of International Development (Harvard University).

1992-1994

Visiting Scholar, Kennedy School of Government, Harvard University.

 1992 - 2000

Chairman of Northern Growth Triangle project (IMT-GT) between Thailand, Indonesia and Malaysia and special representative for the East Asean Growth Area (EAGA) between the Philippines, Brunei, Indonesia and Malaysia.

1992 - 2000

Chairman of Labuan Development Authority.

1994

Honorary Degree, Malaysian Institute of Planners.

1994

Founding Chairman, International Commercial Bank Group, with establishments in Europe, Asia and Africa.

1994 – 1998

Pro-Chancellor of Universiti Sains Malaysia.

1995 - 1999

1995

Honorary Doctor of Management, Universiti Utara Malaysia.

1995

Honorary Doctor of Economics, Universiti Sains Malaysia.

1997

Conferred the title of Dato’ Sri Paduka Mahkota Selangor (SPMS) by DYMM Sultan Selangor, carrying the title “Dato’ Seri”.

1997- 1998

Chairman of Kumpulan Ladang-Ladang Perbadanan Kedah Sdn Bhd.

1997 - 1999

Founder member of Malaysian Wetlands Foundation.

1997

Executive Director, National Economic Action Council (NEAC), a special consultative body to the Cabinet established to spearhead economic recovery policies).

1998

Honorary Degree, Malaysian Institute of Engineers.

1998

Minister of Special Functions, Prime Minister’s Department.

1999

Minister of Finance, until dissolution of Parliament for general election in November 1999.

1999 - 2001

Re-appointed Minister of Finance and Minister of Special Functions following Barisan Nasional’s general election victory.

2000 - 2009

2000

Conferred the title of Darjah Gemilang Seri Melaka (DGSM) by Melaka, carrying the title “Datuk Seri”.

2001

Retired from all official government posts including that of Treasurer, Barisan Nasional and UMNO.

2002 - 2003

Visiting Fellow, Cambridge University, United Kingdom.

2002 – 2011

Appointed to Board of Governors, East-West Center, Hawaii, USA. Member of the East-West Center Audit Committee.

2005

Honorary Doctorate in Economy, Universiti Kebangsaan Malaysia.

2006

Conferred the National Order of Benin award by the Government of Republic of Benin, Africa.

2006

Awarded the International Business Leader 2006 Award by the African Investor magazine for his vision and active investments in the International Commercial Banks (ICBs) operating in Africa.

2009

Appointed to Coca Cola Malaysia’s Advisory Group.

2009 -2013

Chairman of the Internal Audit Committee, Asian Football Confederation (AFC).

2009 -2013

Member of the Board of Trustees, Multimedia University, Malaysia.

2010 - 2024

2011

Awarded Distinguished Associateship by Asia-Europe Institute, University of Malaya.

2014

Honorary Doctorate in Economy, Universiti Malaysia Perlis (UniMAP).

2018

Chairman of the Council of Eminent Persons.

2019

Doctor of Philosophy, PhD, Universiti Malaya for the thesis “The Creation and Implementation of the New Economic Policy: Success and Failure, 1970 – 2008” (“Penciptaan dan Pelaksanaan Dasar Ekonomi Baru: Kejayaan dan Kegagalan, 1970-2008”).

2019

Honorary Doctor of Economics, Universiti Malaysia Terengganu.

2020

Conferred the Harun Ar Rasyid award by ABIM.

2023

Actively involved in developing the Malaysian agriculture sector through various farm visits and advising SMEs in the agriculture and food production sector.

13 NOVEMBER 2024

Tun Dr Daim Zainuddin passed away at the age of 86.