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{{Short description|Burmese businessman}}
{{about|the Myanmar businessman|the Myanmar politician|Aung Ko (politician)}}
{{about|the Myanmar businessman|the Myanmar politician|Aung Ko (politician)}}
{{Self-published|date=February 2021}}
{{Family name hatnote|lang=Burmese|Aung Ko Win}}
{{Infobox person
{{Infobox person
| honorific-prefix = [[Order of the Union of Burma#Award classes|Thray Sithu]]
| honorific-prefix = [[Order of the Union of Burma#Award classes|Thray Sithu]]
| name = Aung Ko Win
| name = Aung Ko Win (A Win Lay)

| native_name = အောင်ကိုဝင်း
| native_name = အောင်ကိုဝင်း
| native_name_lang = my
| native_name_lang = my
Line 14: Line 18:
| death_place =
| death_place =
| nationality = Burmese
| nationality = Burmese
| ethnicity =
| occupation = Businessman
| occupation = Businessman
| salary =
| other_names =
| other_names = Saya Kyaung
| known_for =
| known_for =
| alma_mater = [[Mandalay University]]
| alma_mater = [[Mandalay University]]
| spouse = Nang Than Htwe
| spouse = [[Nang Than Htwe]]
| children = Nang Lang Kham<br/>Nang Kham Noung<br/>Nang Mo Hom
| children = [[Nang Lang Kham]]<br/>[[Nang Kham Noung]]<br/>Nang Mo Hom
| parents =
| parents =
| awards = The Banker Awards (2013) <br> State Excellence Award (2013, 2014, 2015) <br> The Legacy Award (2017)
| awards = The Banker Awards (2013) <br> State Excellence Award (2013, 2014, 2015) <br> The Legacy Award (2017)
| relatives =
| relatives =
}}
}}
Tharay Sithu '''Aung Ko Win''' ({{lang-my|အောင်ကိုဝင်း}}; also known as '''Saya Kyaung''') is a Burmese business tycoon and former school teacher. He owns several businesses in Myanmar under the [[Kanbawza Group of Companies|Kanbawza]] brand in the finance, agriculture, aviation, manufacturing, and tourism sectors.
Tharay Sithu '''Aung Ko Win''' ({{langx|my|အောင်ကိုဝင်း}}) is a Burmese business tycoon and former school teacher. He owns interests in several businesses in Myanmar under the [[Kanbawza Group of Companies|Kanbawza]] (KBZ) brand in the finance, agriculture, aviation, manufacturing and tourism sectors.


==Career==
==Education and career==
⚫
Aung Ko Win was a teacher, then he switched to tutoring before going into trading and mining. He has benefited from close connections to General [[Maung Aye]],<ref name="szep" /> the second in command of the former military junta, the [[State Peace and Development Council]] (SPDC).<ref name="am">{{cite web|url=http://www.ide.go.jp/English/Publish/Download/Brc/pdf/13_07.pdf|title=Business Conglomerates in the Context of Myanmar's Economic Reform|last=Aung Min|author2=Toshihiro Kudo|date=2014|work=Myanmar's Integration with Global Economy: Outlook and Opportunities|publisher=Bangkok Research Report|accessdate=11 July 2015|archive-url=https://web.archive.org/web/20150924032745/http://www.ide.go.jp/English/Publish/Download/Brc/pdf/13_07.pdf|archive-date=2015-09-24|url-status=dead}}</ref><ref>{{Cite book |last=Turnell |first=Sean |author-link=Sean Turnell |title=Myanmar's Transition |publisher=[[ISEAS Publishing]] |year=2012 |isbn=978-981-4414-17-3 |location=Singapore |chapter=8. Reform and its Limits in Myanmar's Fiscal State |doi=10.1355/9789814414173-015}}</ref>{{Rp|page=155}}<ref>{{Cite news |last=Yeni |last2=Yan Pai |last3=Aung Thet Wine |date=14 January 2011 |title=Burmese Bank Rumored on Verge of Bankruptcy |url=http://www.irrawaddy.org/article.php?art_id=20526 |archive-url=https://web.archive.org/web/20140903023312/http://www.irrawaddy.org/article.php?art_id=20526 |archive-date=3 September 2014 |work=[[The Irrawaddy]]}}</ref> While Maung Aye was a commander in [[jade]]-mining region of [[Shan State]], Maung Aye offered Aung Ko Win jade and gem mining concessions.<ref name="szep">{{cite news |last=Szep |first=Jason |last2=Marshall |first2=Andrew R.C. |date=13 April 2012 |title=Special Report: An image makeover for Myanmar Inc |url=https://www.reuters.com/article/us-myanmar-cronies-image-idUSBRE83B0YU20120413 |accessdate=15 July 2015 |work=Reuters |archive-date=30 December 2015 |archive-url=https://web.archive.org/web/20151230114646/http://www.reuters.com/article/us-myanmar-cronies-image-idUSBRE83B0YU20120413 |url-status=live }}</ref>
He graduated with BSc in Chemistry from [[Mandalay University]]. He is married to Nang Than Htwe, a former [[State Peace and Development Council]] official.


His trading and mining business prospered, and two years later, he bought the banking operation. Then he moved KBZ and his family to Yangon in the late 1990s, when there were only 4 branches. Now there are 485, and KBZ expects to reach 500 by the end of 2017.<ref>{{cite news |last1=Gluckman |first1=Ron |title=A Family Of Entrepreneurs Has Built KBZ Into a Finance Powerhouse In Myanmar |url=https://www.forbes.com/sites/forbesasia/2017/10/04/a-family-of-entrepreneurs-has-built-kbz-into-a-finance-powerhouse-in-myanmar/ |work=Forbes |date=4 October 2017 |language=en |access-date=29 June 2024 |archive-date=31 December 2023 |archive-url=https://web.archive.org/web/20231231123544/https://www.forbes.com/sites/forbesasia/2017/10/04/a-family-of-entrepreneurs-has-built-kbz-into-a-finance-powerhouse-in-myanmar/ |url-status=live }}</ref>{{Unreliable source?|date=June 2024}}
He has also served as the chairman of the Myanmar Jades, Gems & Jewelry Entrepreneurs, Republic of The Union of Myanmar Federation of Chambers of Commerce & Industry (UMFCCI), [[Myanmar Football Federation]], Myanmar Anti-Narcotics Association and Border Area Development Association, Myanmar.


⚫
He graduated with BSc in Chemistry from [[Mandalay University]]. He is married to Nang Than Htwe,<ref name="eu">{{cite web|url=http://eur-lex.europa.eu/legal-content/EN/ALL/?uri=uriserv:OJ.L_.2010.118.01.0010.01.ENG|title=Commission Regulation (EU) No 411/2010 of 10 May 2010 amending Council Regulation (EC) No 194/2008 renewing and strengthening the restrictive measures in respect of Burma/Myanmar |date=10 May 2010|work=Official Journal of the European Union|publisher=European Commission|accessdate=15 July 2015}}</ref> the niece of Win Myint, a former [[State Peace and Development Council]] official.<ref name="am"/> He has 3 daughters, Nang Lang Kham (b. 1988), Nang Kham Noung (b. 1991), and Nang Mo Hom (b. 1996).<ref name="eu"/><ref name="ca">{{cite web|url=https://www.comlaw.gov.au/Details/F2007L04115|title=Banking (Foreign Exchange) Regulations 1959 – Direction Relating to Foreign Currency Transactions and to Burma (18/10/2007)|date=18 Oct 2007|work=Commonwealth of Australia|accessdate=15 July 2015}}</ref> His wife serves as Deputy Chairman of KBZ, while his daughters serve as directors within the company.<ref>{{cite web|url=http://www.kbzgroup.com.mm/who_we_are |title=Our Board of Directors |work=KBZ Group |accessdate=15 July 2015 |url-status=dead |archiveurl=https://web.archive.org/web/20150716080757/http://www.kbzgroup.com.mm/who_we_are |archivedate=16 July 2015 }}</ref> Two daughters, Nang Lang Kham and Nang Kham Noung, serve as Deputy CEOs of KBZ Bank.<ref>{{Cite web|last=Gluckman|first=Ron|title=A Family Of Entrepreneurs Has Built KBZ Into a Finance Powerhouse In Myanmar|url=https://www.forbes.com/sites/forbesasia/2017/10/04/a-family-of-entrepreneurs-has-built-kbz-into-a-finance-powerhouse-in-myanmar/|access-date=2020-11-02|website=Forbes|language=en}}</ref>



⚫
He has close connections to General [[Maung Aye]], the second in command of the former military junta, the [[State Peace and Development Council]] (SPDC).<ref name="am">{{cite web|url=http://www.ide.go.jp/English/Publish/Download/Brc/pdf/13_07.pdf|title=Business Conglomerates in the Context of Myanmar's Economic Reform|last=Aung Min|author2=Toshihiro Kudo|date=2014|work=Myanmar's Integration with Global Economy: Outlook and Opportunities|publisher=Bangkok Research Report|accessdate=11 July 2015|archive-url=https://web.archive.org/web/20150924032745/http://www.ide.go.jp/English/Publish/Download/Brc/pdf/13_07.pdf|archive-date=2015-09-24|url-status=dead}}</ref> While Maung Aye was a commander in [[jade]]-mining region of [[Shan State]], Maung Aye offered Aung Ko Win jade and gem mining concessions.<ref name="szep">{{cite news|url=https://www.reuters.com/article/2012/04/13/us-myanmar-cronies-image-idUSBRE83B0YU20120413|title=Special Report: An image makeover for Myanmar Inc|last=Szep|first=Jason|date=13 April 2012|work=Reuters|accessdate=15 July 2015}}</ref>
==Personal life==
⚫
He is married to Nang Than Htwe,<ref name="eu">{{cite web|url=http://eur-lex.europa.eu/legal-content/EN/ALL/?uri=uriserv:OJ.L_.2010.118.01.0010.01.ENG|title=Commission Regulation (EU) No 411/2010 of 10 May 2010 amending Council Regulation (EC) No 194/2008 renewing and strengthening the restrictive measures in respect of Burma/Myanmar|date=10 May 2010|work=Official Journal of the European Union|publisher=European Commission|accessdate=15 July 2015|archive-date=6 March 2016|archive-url=https://web.archive.org/web/20160306043106/http://eur-lex.europa.eu/legal-content/EN/ALL/?uri=uriserv:OJ.L_.2010.118.01.0010.01.ENG|url-status=live}}</ref> the niece of Win Myint, a former [[State Peace and Development Council]] official.<ref name="am"/>{{rp|p=145}} He has 3 daughters.<ref name="eu"/><ref name="ca">{{cite web|url=https://www.comlaw.gov.au/Details/F2007L04115|title=Banking (Foreign Exchange) Regulations 1959 – Direction Relating to Foreign Currency Transactions and to Burma (18/10/2007)|date=18 Oct 2007|work=Commonwealth of Australia|accessdate=15 July 2015|archive-date=16 July 2015|archive-url=https://web.archive.org/web/20150716101736/https://www.comlaw.gov.au/Details/F2007L04115|url-status=live}}</ref> His wife is Deputy Chairman of KBZ, while his daughters serve as directors within the company.<ref>{{cite web|url=http://www.kbzgroup.com.mm/who_we_are |title=Our Board of Directors |work=KBZ Group |accessdate=15 July 2015 |url-status=dead |archiveurl=https://web.archive.org/web/20150716080757/http://www.kbzgroup.com.mm/who_we_are |archivedate=16 July 2015 }}</ref> Two daughters are Deputy CEOs of KBZ Bank.<ref>{{Cite web|last=Gluckman|first=Ron|title=A Family Of Entrepreneurs Has Built KBZ Into a Finance Powerhouse In Myanmar|url=https://www.forbes.com/sites/forbesasia/2017/10/04/a-family-of-entrepreneurs-has-built-kbz-into-a-finance-powerhouse-in-myanmar/|access-date=2020-11-02|website=Forbes|language=en|archive-date=2021-03-15|archive-url=https://web.archive.org/web/20210315115506/https://www.forbes.com/sites/forbesasia/2017/10/04/a-family-of-entrepreneurs-has-built-kbz-into-a-finance-powerhouse-in-myanmar/|url-status=live}}</ref> His brother-in-law, Major-General Zaw Myint Naing was appointed vice-governor of the Central Bank of Myanmar in August 2022.<ref>{{Cite web |date=2022-08-26 |title=Former General Named as Vice-Governor of Central Bank of Myanmar |url=https://www.irrawaddy.com/news/burma/former-general-named-as-vice-governor-of-central-bank-of-myanmar.html |access-date=2022-08-26 |website=The Irrawaddy |language=en-US |archive-date=2022-08-26 |archive-url=https://web.archive.org/web/20220826102655/https://www.irrawaddy.com/news/burma/former-general-named-as-vice-governor-of-central-bank-of-myanmar.html |url-status=live }}</ref>


==Awards and honours==
==Awards and honours==
{{Uncited section|date=August 2022}}

=== Awards ===
=== Awards ===
⚫
In 2015, Aung Ko Win accepted "The Banker of the Year Award" in Asia 2015 award at a ceremony held at the London Stock Exchange on 3 December.<ref>{{cite web|url=http://www.globalnewlightofmyanmar.com/kbz-bank-wins-three-best-bank-awards-for-2015-from-world-finance/|archive-url=https://web.archive.org/web/20180114130945/http://www.globalnewlightofmyanmar.com/kbz-bank-wins-three-best-bank-awards-for-2015-from-world-finance/|url-status=usurped|archive-date=January 14, 2018|title=KBZ Bank wins three best bank awards for 2015 from World Finance|work=Global New Light of Myanmar|date=9 December 2015|accessdate=14 January 2018|language=en}}</ref>
On 4 January 2021, the [[President of Myanmar]] awarded him the country's highest Medal of Honor and Title "[[Orders, decorations, and medals of Myanmar|Tharay Sithu]]" in the category of "[[Order of the Union of Burma|Pyidaungsu Sithu Thingaha]]" (Order of the Union of Myanmar).

Aung Ko Win was awarded the "State Excellence Award" (2013, 2014, 2015) from the President of Myanmar for contributions to Myanmar and "Special Honorary State Excellence Award" 2014 and 2015 for the largest contribution to the Myanmar State Tax & Revenue Department and for community donations.<ref>{{cite web|url=http://www.kbzgroup.com.mm/who_we_are.html|title=Our Board of Directors for the KBZ Group of Companies is made up of the following members|work=KBZ Group|date=|accessdate=14 January 2018|language=en}}</ref>

⚫
In 2015, Aung Ko Win accepted "The Banker of the Year Award" in Asia 2015 award at a ceremony held at the London Stock Exchange on 3 December.<ref>{{cite web|url=http://www.globalnewlightofmyanmar.com/kbz-bank-wins-three-best-bank-awards-for-2015-from-world-finance/|title=KBZ Bank wins three best bank awards for 2015 from World Finance|work=Global New Light of Myanmar|date=9 December 2015|accessdate=14 January 2018|language=en}}</ref> In 2016, he accepted "The Banker Awards" (2016) ceremony held at the Hilton London Bankside Hotel in London on 7 December.

⚫
In 2017, he was awarded with the ASEAN's "The Legacy Award" conferred on him by the ASEAN Business Advisory Council-ABAC on 6 September in [[Manila]], Philippines.<ref>{{cite web|url=http://www.globalnewlightofmyanmar.com/asean-the-legacy-award-conferred-on-kbzs-chairman/|title=ASEAN "The Legacy Award" conferred on KBZ’s Chairman|work=Global New Light of Myanmar|date=8 September 2017|accessdate=14 January 2018|language=en}}</ref>


⚫
In 2017, he was awarded with the ASEAN's "The Legacy Award" conferred on him by the ASEAN Business Advisory Council-ABAC on 6 September in [[Manila]], Philippines.<ref>{{cite web|url=http://www.globalnewlightofmyanmar.com/asean-the-legacy-award-conferred-on-kbzs-chairman/|archive-url=https://web.archive.org/web/20180114130926/http://www.globalnewlightofmyanmar.com/asean-the-legacy-award-conferred-on-kbzs-chairman/|url-status=usurped|archive-date=January 14, 2018|title=ASEAN "The Legacy Award" conferred on KBZ’s Chairman|work=Global New Light of Myanmar|date=8 September 2017|accessdate=14 January 2018|language=en}}</ref>{{Better source needed|date=February 2021}}
===Honours===
* [[File:Ordine dell'Unione Birmana - divisione civile (Birmania).png|80px]] Tharay Sithu of the Pyidaungsu Sithu Thingaha Order of the Union of Myanmar


==References==
==References==
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{{Authority control}}
{{Authority control}}


{{DEFAULTSORT:Win, Aung Ko}}
[[Category:Burmese businesspeople]]
[[Category:Burmese businesspeople]]
[[Category:Mandalay University alumni]]
[[Category:Mandalay University alumni]]

Latest revision as of 00:25, 6 November 2024

This article is about the Myanmar businessman. For the Myanmar politician, see Aung Ko (politician).
In this Burmese name, the given name is Aung Ko Win. There is no family name.
Thray Sithu
Aung Ko Win (A Win Lay)
အောင်ကိုဝင်း
Born
Burma
NationalityBurmese
Alma materMandalay University
OccupationBusinessman
SpouseNang Than Htwe
ChildrenNang Lang Kham
Nang Kham Noung
Nang Mo Hom
AwardsThe Banker Awards (2013)
State Excellence Award (2013, 2014, 2015)
The Legacy Award (2017)

Tharay Sithu Aung Ko Win (Burmese: အောင်ကိုဝင်း) is a Burmese business tycoon and former school teacher. He owns interests in several businesses in Myanmar under the Kanbawza (KBZ) brand in the finance, agriculture, aviation, manufacturing and tourism sectors.

Career

[edit]

Aung Ko Win was a teacher, then he switched to tutoring before going into trading and mining. He has benefited from close connections to General Maung Aye,[1] the second in command of the former military junta, the State Peace and Development Council (SPDC).[2][3]: 155 [4] While Maung Aye was a commander in jade-mining region of Shan State, Maung Aye offered Aung Ko Win jade and gem mining concessions.[1]

His trading and mining business prospered, and two years later, he bought the banking operation. Then he moved KBZ and his family to Yangon in the late 1990s, when there were only 4 branches. Now there are 485, and KBZ expects to reach 500 by the end of 2017.[5][unreliable source?]


Personal life

[edit]

He is married to Nang Than Htwe,[6] the niece of Win Myint, a former State Peace and Development Council official.[2]: 145  He has 3 daughters.[6][7] His wife is Deputy Chairman of KBZ, while his daughters serve as directors within the company.[8] Two daughters are Deputy CEOs of KBZ Bank.[9] His brother-in-law, Major-General Zaw Myint Naing was appointed vice-governor of the Central Bank of Myanmar in August 2022.[10]

Awards and honours

[edit]

Awards

[edit]

In 2015, Aung Ko Win accepted "The Banker of the Year Award" in Asia 2015 award at a ceremony held at the London Stock Exchange on 3 December.[11]

In 2017, he was awarded with the ASEAN's "The Legacy Award" conferred on him by the ASEAN Business Advisory Council-ABAC on 6 September in Manila, Philippines.[12][better source needed]

References

[edit]
  1. ^ a b Szep, Jason; Marshall, Andrew R.C. (13 April 2012). "Special Report: An image makeover for Myanmar Inc". Reuters. Archived from the original on 30 December 2015. Retrieved 15 July 2015.
  2. ^ a b Aung Min; Toshihiro Kudo (2014). "Business Conglomerates in the Context of Myanmar's Economic Reform" (PDF). Myanmar's Integration with Global Economy: Outlook and Opportunities. Bangkok Research Report. Archived from the original (PDF) on 2015-09-24. Retrieved 11 July 2015.
  3. ^ Turnell, Sean (2012). "8. Reform and its Limits in Myanmar's Fiscal State". Myanmar's Transition. Singapore: ISEAS Publishing. doi:10.1355/9789814414173-015. ISBN 978-981-4414-17-3.
  4. ^ Yeni; Yan Pai; Aung Thet Wine (14 January 2011). "Burmese Bank Rumored on Verge of Bankruptcy". The Irrawaddy. Archived from the original on 3 September 2014.
  5. ^ Gluckman, Ron (4 October 2017). "A Family Of Entrepreneurs Has Built KBZ Into a Finance Powerhouse In Myanmar". Forbes. Archived from the original on 31 December 2023. Retrieved 29 June 2024.
  6. ^ a b "Commission Regulation (EU) No 411/2010 of 10 May 2010 amending Council Regulation (EC) No 194/2008 renewing and strengthening the restrictive measures in respect of Burma/Myanmar". Official Journal of the European Union. European Commission. 10 May 2010. Archived from the original on 6 March 2016. Retrieved 15 July 2015.
  7. ^ "Banking (Foreign Exchange) Regulations 1959 – Direction Relating to Foreign Currency Transactions and to Burma (18/10/2007)". Commonwealth of Australia. 18 Oct 2007. Archived from the original on 16 July 2015. Retrieved 15 July 2015.
  8. ^ "Our Board of Directors". KBZ Group. Archived from the original on 16 July 2015. Retrieved 15 July 2015.
  9. ^ Gluckman, Ron. "A Family Of Entrepreneurs Has Built KBZ Into a Finance Powerhouse In Myanmar". Forbes. Archived from the original on 2021-03-15. Retrieved 2020-11-02.
  10. ^ "Former General Named as Vice-Governor of Central Bank of Myanmar". The Irrawaddy. 2022-08-26. Archived from the original on 2022-08-26. Retrieved 2022-08-26.
  11. ^ "KBZ Bank wins three best bank awards for 2015 from World Finance". Global New Light of Myanmar. 9 December 2015. Archived from the original on January 14, 2018. Retrieved 14 January 2018.{{cite web}}: CS1 maint: unfit URL (link)
  12. ^ "ASEAN "The Legacy Award" conferred on KBZ's Chairman". Global New Light of Myanmar. 8 September 2017. Archived from the original on January 14, 2018. Retrieved 14 January 2018.{{cite web}}: CS1 maint: unfit URL (link)
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