Singapore Monetary Authority Establishes Financial Centre Advisory Panel

The Monetary Authority of Singapore (MAS) has announced the composition of the new Financial Centre Advisory Panel (FCAP) comprising 26 leaders from the banking, insurance and asset management industries. FCAP will strengthen the dialogue and partnership between MAS and the financial industry, to drive the growth and development of Singapore’s financial centre.

The FCAP will provide advice to MAS in two areas:

(a) Asset class strategies: Industry leaders will provide advice on strategies to develop various segments of the financial sector, and propose initiatives to ensure the continued dynamism of Singapore’s financial centre.

(b) Cross-sectoral strategies: Industry leaders will deliberate on the SkillsFuture and FinTech initiatives, to build deep skills and harness technology, to sharpen our financial sector’s competitive edge.

The FCAP will be chaired by Mr Ravi Menon, Managing Director, MAS, the members have been appointed for a two-year term.

Mr Ravi Menon said, “MAS has a strong tradition of consultation with the financial industry. Given the rapid changes in the global financial landscape, we need to deepen our partnership with the industry to better anticipate trends, co-create policies, and chart strategies for the future. MAS looks forward to tapping on the insights and experience of FCAP members, to help grow Singapore as a leading international financial centre that provides significant opportunity for Singaporeans working in finance.”

The list is made up from leading professionals including Edmund Koh Singapore Country Head and Head of Wealth Management, SE Asia and APAC Hub, UBS AG, Piyush Gupta CEO, DBS Bank Ltd, Samuel Tsien Group CEO, Oversea-Chinese Banking Corporation Ltd, Wee Ee Cheong Deputy Chairman and CEO, United Overseas Bank Ltd and Hugh Young MD, Aberdeen Asset Management Asia Ltd.

 

 

WEB'S BEST

Top stories from across the globe

  • Singapore Stresses Under a Wealth of Worries
  • A Short History of Investing in Gold – and What to Expect for 2017
  • Asia Pacific's Top Six Credit Risks For 2017
  • The 5 Most Shocking News in 2016
  • Hazel Moore: Banks Are Completely Wasting Valuable Customer Data
  • Morgan Stanley CEO Makes First-Ever Stock Sales After Bank Rally
More

PHOTO GALLERIES

finews.asia Networking Event

finews.asia Networking Event

Show pictures

stars China Symposium 2016

stars China Symposium 2016

Show pictures

Compare my salary

Compare my salary

Feeling Underpaid? Benchmark your salary by job title, company and location. Find out where you stand in minutes.

compare my salary

Newsletter

Newsletter-SymbolFree Subscription

Subscribe to our free newsletter and receive daily email alerts from the finews editorial team with a list of the top featured articles.

Share with us

Do you have any market intelligence to share with finews.asia – email us on info@finews.asia – All communication is completely confidential and strictly anonymous.