Jessica Chew is new Deputy Bank Negara Governor

The Minister of Finance has approved the appointment of Jessica Chew Cheng Lian as Bank Negara Malaysia (BNM) Deputy Governor for a three-year term effective January 1, 2018, following the retirement of Dr Sukudhew (Sukhdave) Singh on Dec 31, 2017.

As Deputy Governor, Chew will be responsible for the financial sector regulation and development including payment systems, organisational development sector and centralised shared services, according to a statement issued by BNM today.

Currently, she is the 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.

She is also responsible for payment systems development and regulation and oversight of the money services business.

Chew is a member of BNM’s Monetary Policy Committee and the Financial Stability Committee.

She is also the Chairman of the Finance Accreditation Agency (FAA), a member of the Board of Directors of the Credit Counselling and Debt Management Agency (AKPK) and Credit Guarantee Corporation Malaysia Berhad, a member of the International Association of Insurance Supervisors’ (IAIS) Technical Committee and is also an advisor to the Malaysian Accounting Standards Board (MASB).

BNM today expressed its utmost appreciation and gratitude to Sukhdave for his contribution and illustrious career, spanning over 31 years with the organisation.

As a retiree, Sukhdave will enjoy the benefits accorded under the terms and conditions of the Bank.