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Dato’ Loy Teik Ngan

Built Taylor's Education Group, Malaysia; President of the Board, FBN Asia

On the show

Episode 17 · 46 min

From Billionaire's Son to Losing it All and Starting Over

The family group collapsed in the 1998 Asian crisis. Dato' Loy Teik Ngan rebuilt, then helped a large family learn to live together on purpose.

Key ideas and show notes →

The Business Family Diagnostic · Relationships

A family that lost everything learned to live together on purpose.

A Living Together Committee. Forums for the hard conversations. A family holiday planned by an elected committee. Would your family say difficult topics get raised, or avoided?

One of the three Relationships statements. How true is it for your family?
“When there is a falling out, the people involved are able to repair it.”
See where you stand

Biography

Dato’ Loy Teik Ngan is the eldest son of a well-known entrepreneur who built one of the largest business conglomerates in Malaysia. Teik Ngan took over the rein of his family company upon his father’s demise. Within a year, the sprawling business empire that took 35 years to build collapsed under the weight of huge debts amidst the 1998 Asian financial crisis.

14 years passed before all personal liabilities of his family from the days of the financial crisis were eventually settled. In the process, he built a new family business, in education. The Taylor’s Education Group is today the largest private education group in Malaysia. Focused on premium education, Taylor’s K-12 schools & higher education institutions are widely recognised as the top education institutions in their respective categories. Taylor’s institutions operate in Malaysia, Singapore & Vietnam.

The struggles during the tough financial period of his life shaped Teik Ngan’s stewardship views for family business. Appreciating unity, his family has introduced concepts and activities that promote collaborative conversations & strengthen relationships. He is dedicated to the development & transition of his family’s next generation of 13.

Teik Ngan’s family are active members of the Family Business Network Asia & he sits on its board.

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