Bank Negara’s Sukhdave resigns
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.