Bank Ne­gara’s Sukh­dave re­signs

The Star Malaysia - StarBiz - - News -

KUALA LUMPUR: There is set to be a re­struc­tur­ing in the Bank Ne­gara fol­low­ing the res­ig­na­tion of a long-serv­ing se­nior of­fi­cial.

Deputy gover­nor Sukud­hew (Sukh­dave) Singh is step­ping down to­day, less than a year and a half un­til the end of his term of ap­point­ment in April 2019.

Sources fa­mil­iar with the mat­ter said he “opted for early re­tire­ment”.

Fol­low­ing his res­ig­na­tion, the cen­tral bank has only one deputy gover­nor now – Shaik Ab­dul Rasheed Ab­dul Ghaf­four.

The other deputy gover­nor post was left va­cant on Nov 15 last year when Datuk Nor Sham­siah Mohd Yunus was not re-ap­pointed af­ter the end of her ten­ure.

Un­der Sec­tion 14 of the Cen­tral Bank of Malaysia Act 2009, the cen­tral bank can have up to three deputy gov­er­nors.

Sec­tion 18 of the same Act stated that the Fi­nance Min­is­ter may ap­point a deputy gover­nor if the post be­comes va­cant be­fore the ex­piry of term.

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.