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Formed in November 1998, MAS' International Advisory Panel (IAP)
comprises some of the world's leading financial experts in the private sector.
The IAP advises the MAS on Singapore's financial sector reforms and strategies.
Tapping the knowledge and expertise of a distinguished advisory panel gives
MAS a global perspective on financial sector issues,and helps MAS keep
abreast of market developments and policy initiatives in major international financial centres.
The composition of the IAP was renewed recently in January 2001.
The panel presently has 16 members, with representations from the US,
Europe and Asia. The panel will be holding its third meeting on 23 October 2001.
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MR LIM HNG KIANG, CHAIRMAN IAP
Deputy Chairman MAS,
Minister for Health and 2nd Minister for Finance
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| B)
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MR CLAUDE BÉBÉAR,
Chairman of the Supervisory Board
The AXA Group
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| C)
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DR ROLF-E BREUER,
Spokesman of the Board of Managing Directors
Deutsche Bank AG
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| D)
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MR GERALD CORRIGAN,
Managing Director
Goldman Sachs & Co.
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| E)
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MR TOM GLOCER,
Group Chief Executive Officer
Reuters Group PLC
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| F)
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MR RIJKMAN GROENINK,
Chairman
ABN AMRO Bank NV
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| G)
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MR JOHN MACK,
Former President
Morgan Stanley Dean Witter & Co.
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| H)
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SIR PETER MIDDLETON,
Chairman
Barclays Bank Plc
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| I)
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MR MARCEL OSPEL,
President & Group Chief Executive Officer
UBS AG
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| J)
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MR MICHEL PÉBEREAU,
Chairman
Banque Nationale de Paris and Paribas
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| K)
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MR ROBERT RUBIN,
Chairman of Executive Committee
Citigroup Inc
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| L)
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DR WERNER G.SEIFERT,
Chief Executive Officer
Deutsche Bourse AG
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| M)
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MR TASUKU TAKAGAKI,
Senior Advisor
The Bank of Tokyo-Mitsubishi, Ltd
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| N)
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DR JUNICHI UJIIE,
President &ammp; Chief Executive Officer
The Nomura Securities Co., Ltd
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| O)
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MR JOHN VOGELSTEIN,
Vice Chairman & President
E. M. Warburg, Pincus & Co., LLC
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| P)
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MR DOUGLAS WARNER,
Chairman
J P Morgan Chase & Co, Inc
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The Financial Centre Advisory Group (FCAG), comprising representatives
from the private sector, was formed in March 1999 to act as a sounding boar
on supervisory issues and development opportunities in the financial sector.
Chaired by Mr S. Dhanabalan, four sub-committees on banking, treasury,
securities and asset management, and insurance were formed. The FCAG
allowed MAS to tap the expertise of industry experts in Singapore
by institutionalising dialogue and consultation between MAS and the
industry. The creation of the FCAG complemented the IAP as it provided
domestic perspectives on financial sector developments.
During the FCAG's two-year term, which ended in March 2001, the group provided
useful feedback on the reforms needed for Singapore to become a world-class
financial centre. Moving forward, MAS will continue to closely partner the
industry and engage them in its policy decisions.
Reflecting the growing rapport between MAS and the financial sector, MAS
hosted its first-ever MAS Evening at ArtSingapore at the Ministry of
Information and the Arts Building to thank the financial community for their
participation in, and contribution to, the financial sector reform initiatives
MAS started in 1997. The event was also in acknowledgement of the need
for constant interaction with market participants so as to be in touch
with market developments and to understand the needs of the financial
players – both of which are necessary for the development of Singapore
into a dynamic global financial hub.
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