| Kuala Lumpur, Malaysia | 24 March 2016 | Asia Samachar |
Dr Sukhdave Singh, one of the most senior Sikhs in financial regulation in Southeast Asia, has been reappointed for another three-year term as deputy governor of the Malaysian central bank.
With this extension, he remains one of the top four people running the Bank Negara Malaysia (BNM), a reputable and respected regulatory body in the region, which oversees the financial sector in the country.
“He will continue to oversee the Monetary and Economics Sector as well as several departments under the organisational development sector of the Bank,” BNM said in a statement released yesterday (23 March 2016).
Another top notch Sikh in the Malaysian financial regulation space is Ranjit Ajit Singh, the executive chairman of the Securities Commission Malaysia.
Being one of the three existing deputy governors – as provided for under the Central Bank of Malaysia Act 2009 – Dr Sukhdave’s name was naturally thrown into the fray as one of the potential candidates to take over the central bank’s governor position with the imminent departure of Dr Zeti Akhtar Aziz at end-April.
The Act governing central bank states that the governor shall be appointed by the Yang di-Pertuan Agong while the deputy governors by the Minister of Finance.
“The Governor and Deputy Governors shall be persons of impeccable reputation with proven experience and recognized knowledge in monetary or financial matters,” the Acts states.
Dr. Sukhdave, whose official name is spelt as Dr. Sukudhew Singh, is a respected economist.
He joined BNM in 1986 and holds a PhD in Monetary and International Economics from Vanderbilt University, USA.
In 2013, he was made a deputy governor. He was then serving as an assistant governor responsible for the monetary and economics sector, which also included the international and statistical services functions of the central bank.
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