Ministry of Finance gives nod to Chew as BNM deputy governor
KUALA LUMPUR: The Minister of Finance has approved the appointment of Jessica Chew Cheng Lian as deputy governor for a three-year term effective Jan 1, 2018 following the retirement of Dr Sukudhew (Sukhdave) Singh on Dec 31, 2017.
In a statement yesterday, Bank Negara Malaysia ( BNM) said Sukhdave would enjoy the benefits accorded under the bank’s terms and conditions.
BNM said as deputy governor, Chew would be responsible for the financial sector regulation and development, including payment systems, organisational development sector and centralised shared services.
“She is currently assistant governor responsible for the development of regulations and policies in the banking and insurance sectors focusing on efficiency, innovation, market institutions and structures, development finance and talent development,” it said.
Chew would also be also responsible for payment systems development and regulation and oversight of the money services business, it said.
The central bank said Chew is also a member of Bank Negara Malaysia’s Monetary Policy Committee and the Financial Stability Committee.
Chew joined the bank in 1993 and has a Bachelor Degree in Commerce majoring in accounting and finance from University of Melbourne, Australia, it said.
In line with her appointment, deputy governor Abdul Rasheed Ghaffour would oversee the monetary and economics sector, supervision sector, investment and operations sector as well as LINK and BNM Offices, Finance and Legal departments, it said. — Bernama