Media Releases
Published Date: 17 June 2005

Global & Business Leaders Meet in Singapore to Advise MAS

Singapore, 17 June 2005...The Monetary Authority of Singapore's (MAS) International Advisory Panel (IAP) will meet in Singapore for the fifth time on 20 June 2005.

2   The IAP was set up in November 1998 to advise the MAS on market developments in international financial centres and trends in the global financial industry.  Mr Tharman Shanmugaratnam, Minister for Education and Deputy Chairman of MAS, currently chairs the IAP. Members of the IAP include global business and financial leaders.

3   The latest addition is Mr Ratan Tata, Chairman of Tata Sons Ltd. Mr Tata was appointed as an IAP member with effect from 1 April 2005.

4   The IAP is expected to discuss the emerging trends in the global capital markets, the growing economic and trade integration within Asia and the growth potential for Asia's financial markets, including new business opportunities for Singapore's financial sector.

5   IAP members will meet with Prime Minister Lee Hsien Loong, Senior Minister Goh Chok Tong and Minister Mentor Lee Kuan Yew.


The IAP members attending this year's meeting are:

  • Mr Tharman Shanmugaratnam, Chairman of the IAP, Minister for Education and Deputy Chairman of MAS;
  • Dr Josef Ackermann, Chairman, Group Executive Committee, Deutsche Bank AG;
  • Sir Andrew Crockett, President JP Morgan Chase International;
  • Mr Michael Diekmann, Chairman, Board of Management, Allianz AG;
  • Mr Shigemitsu Miki, Chairman, The Bank of Tokyo-Mitsubishi, Ltd;
  • Mr Michel Pebereau, Chairman, BNP Paribas;
  • Mr Ratan Tata, Chairman Tata Sons Ltd; and
  • Dr Junichi Ujiie, Chairman of Nomura Holdings, Inc.