International Advisory Panel
Formed in November 1998, the International Advisory Panel (IAP) comprises some of the world's leading financial experts. The panel advises the MAS on Singapore's financial sector reforms and strategies.
About the panel
Formed in November 1998, the International Advisory Panel (IAP) comprises some of the world's leading financial experts. The panel 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 MAS IAP presently comprises the following members.
Mr Brian Duperreault
Before joining AIG, Mr. Duperreault was Chairman and Chief Executive Officer of Hamilton Insurance Group (Hamilton) from 2013 to 2017. Hamilton is a Bermuda‐based holding company of property and casualty insurance and reinsurance operations in Bermuda, the U.S. and the UK.
Mr. Duperreault served as President and Chief Executive Officer of Marsh & McLennan Companies (MMC) from 2008 to 2012. Before joining MMC, he served for two years as non‐executive Chairman of ACE Limited, an insurance and reinsurance company, and as CEO of ACE from 1994 through 2004.
Prior to joining ACE, Mr. Duperreault held various senior executive positions with AIG and its affiliates from 1973 to 1994.
Mr. Duperreault is a member of the Boards of the Geneva Association, Saint Joseph's University, the Bermuda Institute of Ocean Sciences (BIOS) and the Partnership for New York City.
He is a former Director of Johnson Controls, the former Chairman of the Board of Overseers of the School of Risk Management of St. John’s University, New York and Chairman Emeritus of Blue Marble Microinsurance.
Mr. Duperreault holds a Bachelor’s degree in Mathematics from St. Joseph’s University.
Mr Oliver Bäte
Chairman, Board of Management (CEO), Allianz SE
Oliver started his career with McKinsey & Company in New York. Later, he moved to their offices in Germany. In 1998, he took over McKinsey’s German insurance practice. In 2003, he became Director in charge of the firm’s European insurance and asset management sector. Oliver joined the Board of Management of Allianz SE in 2008 as Global Chief Operating Officer. In September 2009, he took over the Chief Financial Officer position. Effective January 2013 he became responsible for Insurance Western & Southern Europe and Global P&C markets. On May 6, 2015 he was appointed Chairman of the Board of Management. Oliver studied business administration at University of Cologne and holds a MBA from the NYU, Leonard Stern School of Business. He is also Assistant Professor at the University of Cologne, for Insurance and Capital Markets.
Mr Liu Liange
Chairman of the Board of Directors, Bank of China Limited
Mr. Liu worked in the People’s Bank of China (“PBOC”) for many years, successively serving as Deputy Director-General of the International Department of the PBOC, President of the Fuzhou Central Sub-branch of the PBOC and Director of the Fujian Branch of the State Administration of Foreign Exchange, Director General of the Anti-Money Laundering Bureau (the Security Bureau) of the PBOC.
Mr. Liu has been serving as President of Shanghai RMB Trading Unit of Bank of China since October 2018. He served as Vice Chairman of the Board of Directors of BOC Hong Kong (Holdings) Limited from December 2018 to July 2019 and has been serving as Chairman of the Board of Directors of BOC Hong Kong (Holdings) Limited since July 2019.
Mr. Liu graduated from the Graduate School of the People’s Bank of China with a Master’s Degree in Economics in 1987. He holds the title of Senior Economist.
Mr Carlos Torres Vila
Group Executive Chairman, BBVA
Carlos graduated with a B.S. in Electrical Engineering and a B.S. in Management from the Massachusetts Institute of Technology, where he later also earned a M.S. at the MIT Sloan School of Management. He also graduated in Law from UNED (Spain).
In September 2008, Mr Carlos joined BBVA as Head of Strategy and Corporate Development, and member of the bank's Management Committee. In March 2014 he was appointed Head of Digital Banking, until May 2015 when he became Chief Executive Officer of the bank.
Carlos was appointed BBVA’s Group Executive Chairman and Chairman of the BBVA Foundation in December 2018.
In addition, he is a Member of the Board of Directors of the Institute of International Finance (IIF), the European Financial Services Roundtable (EFR), the International Advisory Panel of the Monetary Authority of Singapore (MAS), and the Advisory Board of the World Economic Forum’s Centre for the Fourth Industrial Revolution (C4IR). He also represents BBVA at the International Monetary Conference (IMC).
He is also a member of the Board of Trustees of Endeavor Spain and the Governing Board of the Association for the Progress of Management (APD) and represents BBVA in several non-for-profit organizations that support social, educational, cultural and scientific activities.
Mr Kanetsugu Mike
Since joining MUFG in 1979, Mr Mike has been instrumental in the development of the bank’s
global business with assignments in London, New York, and Thailand. He has also led various
high-profile projects involving complex integration of the organization, including the merger of
entities ultimately creating MUFG.
In 2011, Mr Mike was appointed Managing Director and Chief Executive of Corporate Services,
where he was responsible for the bank’s information systems and operations. Following this
assignment and the bank’s investment in the fifth-largest bank in Thailand, in 2014, Mr Mike
was appointed Vice Chairman of the Bangkok-based Bank of Ayudhya (Krungsri) and played a
key role in its successful integration with MUFG Bank’s Bangkok branch.
In 2017, after serving as the Co-Chief Executive of Global Business Unit and Regional
Executive for the Americas, Mr Mike was appointed to his current position, President and CEO
of MUFG Bank.
In 2019, Mr Mike was appointed President & Group CEO of MUFG, and a year later in 2020, he
became the Deputy Chairman of MUFG.
In April 2021, he was appointed the Chairman of MUFG.
Mr Mike earned a Bachelor of Arts in Economics from Keio University, Japan in 1979, and a
Master of Business Administration from Wharton School, University of Pennsylvania, USA, in
Mr Mike is an avid practitioner of Kendo, a type of Japanese martial arts.
Mr Jes Staley
Group Chief Executive Officer, Barclays PLC
Jes holds a BA in Economics from Bowdoin College.
Mr Laurence D. Fink
Chairman & Chief Executive Officer, BlackRock, Inc.
Laurence D. Fink is the Chairman and Chief Executive Officer of BlackRock, Inc. and also leads the Global Executive Committee. Having founded BlackRock in 1988, Mr Fink has led the firm through its entire two decade history, keeping client centric solutions and innovation at the forefront of his leadership.
Mr Fink serves as a member of the Board of Trustees of New York University, Chair of the Financial Affairs Committee and a member of the Executive Committee, the Ad Hoc Committee on Board Governance, and the Committee on Trustees. He is also Co-Chairman of the NYU Langone Medical Centre Board of Trustees, serves on the Development/Trustee Stewardship Committee and the Finance Committee. Mr Fink also serves as a member of the Board of Trustees of The Museum of Modern Art (MoMA).
Mr Fink earned an MBA degree with a concentration in real estate from the University of California at Los Angeles (UCLA) in 1976 and a BA degree in political science from UCLA in 1974.
He was named "CEO of the Decade" by Financial News in 2011 and has been named one of the "World's Best CEO's" by Barron's each year since 2005.
Mr Hamilton (Tony) E. James
Executive Vice Chairman, Blackstone
Mr James is Chairman of the Board of Directors of Costco Wholesale Corporation and has served on a number of other corporate Boards. Mr James is a Trustee of The Metropolitan Museum of Art, member of The Boards of Trustees of the Mount Sinai Health System, member of the Center for American Progress Board of Trustees, Vice Chairman of Trout Unlimited’s Coldwater Conservation Fund, Vice Chairman of the Board of Trustees of Wildlife Conservation Society, Advisory Board member of The Montana Land Reliance, and Chairman Emeritus of the Board of Trustees of American Ballet Theatre. He is also a former member of the President’s Export Council and a former Commissioner of The Port Authority of New York and New Jersey.
In 2018, Mr James co-authored the second edition of Rescuing Retirement, a book proposing a solution to America’s looming retirement crisis. The first edition was published in 2016.
Mr James graduated magna cum laude with a BA from Harvard College in 1973 and was a John Harvard Scholar. He earned an MBA with high distinction from the Harvard Business School and graduated as a Baker Scholar in 1975.
Mr Jean Lemierre
Chairman, BNP Paribas
Mr Lemierre graduated from the Institut d’Etudes Politiques (Paris) and the Ecole Nationale d’Administration. He also holds a degree in Law.
Mr Tian Guoli
Chairman and Executive Director, China Construction Bank
From April 1999 to December 2010, Mr Tian served successively as Executive Vice President and President of China Cinda Asset Management Company, and Chairman of the Board of Directors of China Cinda Asset Management Co., Ltd. From July 1983 to April 1999, Mr Tian held various positions in China Construction Bank, including sub-branch general manager, deputy branch general manager, department general manager of the CCB Head Office, and Assistant President of the Bank.
Mr Tian currently also serves as Chairman of China Banking Association, a member of the Expert Committee for the 13th Five-Year Plan for Economic and Social Development of China, a member of the Monetary Policy Committee of the People’s Bank of China and Chairman of the Board of Directors of Asian Financial Cooperation Association. Mr Tian holds the title of Senior Economist. He received a Bachelor’s Degree in Economics from Hubei Institute of Finance and Economics in 1983.
Mr John C. Dugan
Before becoming Comptroller, Mr Dugan was a partner (1995-2005) and Of Counsel (1993-95) at Covington. Earlier, he served at the U.S. Treasury Department as Assistant Secretary for Domestic Finance and Deputy Assistant Secretary for Financial Institutions Policy (1989-93), and at the U.S. Senate Committee on Banking, Housing, and Urban Affairs as Minority General Counsel and Counsel (1985-89). He began his legal career as an associate with the Washington D.C. law firm Miller & Chevalier (1981-85).
From 2013-2017, Mr Dugan served as a Trustee of the Financial Accounting Foundation, which oversees the Financial Accounting Standards Board and the Government Accounting Standards Board. During this same period he also served as a member of the Global Advisory Board to Mitsubishi UFJ Financial Group, Inc., the Japanese banking organization. And since the inception in 2005 of the “Michigan in Washington” program for University of Michigan undergraduates, he has served as a member of the program’s Advisory Board.
Mr Dugan is a graduate of the University of Michigan (A.B. 1977) and Harvard Law School (J.D. 1981).
Mr Thomas Gottstein
Chief Executive Officer, Credit Suisse Group AG
After joining the Investment Banking Department of Credit Suisse First Boston in Switzerland in 1999, Mr Gottstein held various positions within the bank in Switzerland and London during the time span of 2002 to 2013, including Head of Investment Banking Coverage Switzerland and Co-Head of Credit Suisse's European Equity Capital Markets team. Mr Gottstein holds a PhD in Finance and Accounting and a degree in Business Administration and Economics from the University of Zurich.
Mr Christian Sewing
Chief Executive Officer, Deutsche Bank
He was Head of Group Audit from June 2013 to December 2014, prior to which he held a number of management positions in Risk. From 2012 to 2013, he was Deputy Chief Risk Officer. From 2010 to 2012, he served as the Bank’s Chief Credit Officer. He has worked in Frankfurt, London, Singapore, Tokyo and Toronto.
From 2005 until 2007, Christian Sewing was a member of the Management Board of Deusche Genossenschafts-Hypothekenbank.
Before graduating with a diploma from the Bankakademie Bielefeld and Hamburg, he completed a bank apprenticeship at Deutsche Bank in 1989.
Mr John E. Waldron
President and Chief Operating Officer, The Goldman Sachs Group, Inc.
Mr Waldron is a member of the Executive Committee of the Board of Trustees and Chairman of the Trustees Committee of The Lawrenceville School. He is also a member of the Executive Committee of the Board of Directors of Lincoln Center for the Performing Arts in New York City, a member of the Executive Committee of the Board of Directors for Big Brothers Big Sisters of New York, Co-Chairman of Youth, I.N.C., and a member of the Council on Foreign Relations.
Mr Noel Quinn
Group Chief Executive, HSBC Holdings plc
Mr Quinn was appointed Chief Executive, Global Commercial Banking in December 2015. He became a Group Managing Director in September 2016. From 2011 to 2015 he was the Regional Head of Commercial Banking for AsiaPacific, based in Hong Kong.
Mr Quinn joined Forward Trust Group, a subsidiary of Midland Bank, in 1987. He led HSBC's acquisitions of Swan National Motor Finance and Eversholt Leasing Ltd, becoming General Manager of each business in turn.
He has since taken up postings including Head of Specialised and Equity Finance at HSBC, Group Director of Strategy & Development at HSBC Insurance Services North America, Head of Commercial Finance Europe and Head of Commercial Banking UK (2008-2011).
Mr Quinn qualified as an accountant in 1987.
Mr Chen Siqing
Chairman and Executive Director, Industrial and Commercial Bank of China Limited (ICBC)
He held various positions in Bank of China from June 2000 to February 2014, including Assistant General Manager and Vice General Manager of the Fujian Branch, General Manager of the Risk Management Department of the Head Office, General Manager of the Guangdong Branch and Executive Vice President of Bank of China.
Mr. Chen served as President of Bank of China from February 2014 to August 2017. He served as Vice Chairman of Bank of China from April 2014 to August 2017, and as Chairman of the Board of Directors of Bank of China from August 2017 to April 2019. Mr. Chen served as Chairman of the Board of Directors of BOC Aviation Limited from December 2011 to March 2018. From December 2011 to April 2019, Mr. Chen successively served as Non-executive Director, Vice Chairman and Chairman of the Board of Directors of BOC Hong Kong (Holdings) Limited.
Mr. Chen graduated from Hubei Institute of Finance and Economics in 1982. He obtained a Master’s degree in Business Administration (MBA) from Murdoch University, Australia in 1999. He is a Certified Public Accountant and holds the title of Senior Economist.
Mr Jamie Dimon
Chairman of the Board and Chief Executive Officer, JPMorgan Chase and Co.
Mr Dimon became Chairman of the Board, effective January 1, 2007, following his appointment as CEO on January 1, 2006. He also assumed the title of President upon the company’s merger with Bank One Corporation on July 1, 2004.
Mr Dimon began his professional career at American Express Company, serving as Assistant to the President from 1982 until 1985. He then became a key member of the team that launched and defined the strategy for Commercial Credit Company in October 1986, when the consumer lending company was spun off from Control Data Corporation. He served as Chief Financial Officer and an Executive Vice President, and then President. A completely restructured Commercial Credit made numerous acquisitions and divestitures, substantially improving its profitability. Most significantly, in 1987, it acquired and changed its name to Primerica Corporation, which in 1993 acquired The Travelers Corporation and was renamed Travelers Group.
At Travelers, Mr Dimon was President and Chief Operating Officer for seven years. He was named Chairman and Chief Executive Officer of its Smith Barney Inc. subsidiary in January 1996, having previously been the firm’s Chief Operating and Chief Administrative Officer. In November 1997, with the merger of Smith Barney and Salomon Brothers, he became Co-Chairman and Co-CEO of the combined firm. In 1998, he was named President of Citigroup Inc., the global financial services company formed by the combination of Travelers Group and Citicorp in 1998. In addition, he served as Chairman and Co-Chief Executive Officer of Salomon Smith Barney Holdings Inc., the investment banking and securities brokerage subsidiary.
In 2000 Mr Dimon was named Chairman and CEO of Bank One. During his four years with the company, he engineered a dramatic turnaround – taking the bank from a half-billion-dollar loss in 2000 to record earnings of $3.5 billion in 2003.
A summa cum laude graduate of Tufts University, Mr Dimon holds an MBA degree from the Harvard University Graduate School of Business, where he was a Baker Scholar. He serves on the boards of directors of a number of non-profit institutions, including the Federal Reserve Bank of New York, Harvard Business School and the United Negro College Fund.
Mr Dimon and his wife, Judy, have three daughters.
Mr Uday Kotak
Managing Director and Chief Executive Officer, Kotak Mahindra Bank Limited
Uday is a member of the International Advisory Panel of Monetary Authority of Singapore and the International Advisory Board of the Government of Singapore Investment Corporation (GIC). He has served as Chairman of Securities & Exchange Board of India (SEBI) constituted Corporate Governance Committee, and is Chairman of Advisory Committee on Corporate Insolvency and Liquidation constituted by the Insolvency & Bankruptcy Board of India, and Chairman of Board of Governors of Indian Institute of Management (IIM), Bodh Gaya, among others.
He has been conferred with multiple awards, including the Ernst & Young World Entrepreneur of the Year 2014 Award, ET Business Leader of the Year 2015 Award for Corporate Excellence and Lifetime Achievement Award at the Financial Express Best Banks Award for FY 2015-16.
Uday holds a Bachelor’s degree in Commerce and an MBA from Jamnalal Bajaj Institute of Management Studies, Mumbai.
Dr Joachim Wenning
Chairman of the Board of Management, Munich Re
Mr Wenning joined Munich Re in 1991 and has served in a variety of leadership roles at the company in Germany and in Switzerland.
Born in Jerusalem in Israel in 1965. Mr Wenning is a graduate in economics from the University of Munich, completing his doctoral thesis in 1995.
Mr Kentaro Okuda
President and Group CEO, Nomura Holdings | Member of Board of Directors, Nomura Securities
Mr Okuda joined Nomura in 1987. During his career at Nomura, he has held a number of senior positions with the firm, mainly within the Wholesale/Investment Banking business, including Global Head of Investment Banking and Joint Head of Wholesale, Global Head of M&A, and Head of TMT.
Mr Okuda also has management experience within corporate functions, having served as Head of Group Strategy and Executive Office, where he was responsible for developing and implementing the group’s corporate strategy.
Mr Okuda graduated from Keio University with a Bachelor of Arts in Economics and received his MBA from the Wharton School, University of Pennsylvania.
Mr Steffen Meister
Partner, Executive Chairman of the Board of Directors, Partners Group
Prior to joining Partners Group, he worked at Credit Suisse Financial Products and had assignments at Swiss Reinsurance Co. and the Department of Mathematics of the Swiss Federal Institute of Technology (ETH) in Zurich. He has 23 years of industry experience and holds a master's degree in mathematics from the Swiss Federal Institute of Technology (ETH), Switzerland.
Mr Mike Wells
Group Chief Executive, Prudential plc
Since becoming Group Chief Executive, Mike has overseen continued growth across Prudential’s key metrics, with the Group delivering record IFRS operating profit of nearly £4.7 billion in 2017, and its assets under management reaching £669 billion.
Mike joined Jackson, Prudential’s North American unit, in 1995, and became Jackson’s Chief Operating Officer and Vice-Chairman in 2003. In 2011 he was appointed President and CEO of Jackson and joined the board of Prudential. He has more than three decades’ experience in insurance and retirement services, having started his career at the US brokerage house Dean Witter before becoming a managing director at Smith Barney Shearson.
Mike was born in Ontario, Canada, and earned a Bachelor of Sciences in Economics from San Diego State University.
Mr Denis Kessler
Chairman and Chief Executive, SCOR
He was just elected to join the French Institute’s Academy of Moral and Political Sciences. He is a member of the Board of the Geneva Association, of the Global Reinsurance Forum and of the European Reinsurance Advisory Board.
Prior to joining the SCOR group, he was Chairman of the Fédération Française des Sociétés d’Assurances, Vice-President of the Comité Européen des Assurances, Senior Executive Vice-President of the AXA Group, First Executive Vice Chairman of the French Business Confederation.
He started his career as a University Professor in economics.
Mr Bill Winters
Group Chief Executive, Standard Chartered
Bill is an independent non-executive director of Novartis International AG and a non-executive director of Pension Insurance Corporation plc.
He holds a Bachelor’s degree in International Relations from Colgate University and an MBA from the Wharton School at the University of Pennsylvania.
Sir Douglas Flint, CBE
Chairman, Standard Life Aberdeen Plc
Amongst other roles he is currently Chairman of the Archbishop of Canterbury’s Just Finance Foundation, a Director of the Centre for Policy Studies, on the Global Advisory Council of Motive Partners, a fintech specialist investment platform, Chairman of the Corporate Board of Cancer Research UK and a Trustee of the Royal Marsden Cancer Charity.
In December 2017 he was appointed by the Chancellor as Special Envoy to China’s Belt and Road Initiative.
In June 2006 Mr Flint was honoured with a CBE and in June 2018 was awarded a Knighthood, both awards in recognition of his services to the finance industry.
Douglas Flint was educated at The High School of Glasgow, Glasgow University and Harvard Business School.
Mr Takeshi Kunibe
Chairman, Sumitomo Mitsui Financial Group (SMFG)
In May 2001, Mr Kunibe moved to Osaka to manage the bank’s (now SMBC) Osaka Ekimae Corporate Business Office before returning to the bank’s Tokyo Head Office in June 2002 to head its Financial Accounting Department. In December of the same year, he was appointed General Manager of SMFG’s Financial Accounting Department.
In June 2003, Mr Kunibe was appointed as an Executive Officer of SMBC and, in April 2004, he was appointed General Manager of SMFG’s and SMBC’s Corporate Planning Departments. In October 2006, he became a Managing Executive Officer of SMBC.
In April 2007, Mr Kunibe was appointed as a Managing Executive Officer of SMFG. He was responsible for the Corporate Planning, Financial Accounting, Subsidiaries and Affiliates, and Public Relations Departments of both SMFG and SMBC. In June 2007, he was appointed to SMFG’s Board of Directors. In April 2009, he became a Senior Managing Executive Officer of SMBC and a member of the bank’s Board of Directors.
In April 2011, Mr Kunibe was appointed President and CEO of SMBC and served in this position until his appointment as President and Group CEO of SMFG, effective April 2017. In June 2017, Mr Kunibe was appointed as Director President and Group CEO of SMFG.
Born in 1954, Mr Kunibe spent his formative years in Tokyo. He holds a BA in Economics from the University of Tokyo (1976) and an MBA from the Wharton School of the University of Pennsylvania (1982). He is married with three children.
Mr Sergio P. Ermotti
Chairman of the Board of Directors
Mr Axel Weber
Chairman of the Board of Directors, UBS Group AG
Axel A. Weber was president of the German Bundesbank between 2004 and 2011, during which time he also served in the following positions: as a member of the Governing Council of the European Central Bank; as a member of the Board of Directors of the Bank for International Settlements; as German governor of the International Monetary Fund; and as a member of the G7 and G20 Ministers and Governors.
He was a member of the Steering Committees of the European Systemic Risk Board in 2011 and the Financial Stability Board from 2010 to 2011.
On leave from the University of Cologne, he was a visiting professor at the University of Chicago Booth School of Business from 2011 to 2012.
From 2002 to 2004, Axel A. Weber served as a member of the German Council of Economic Experts. He was a professor for international economics and Director of the Center for Financial Research at the University of Cologne from 2001 to 2004, and a professor for monetary economics and Director of the Center for Financial Studies at the Goethe University in Frankfurt/Main from 1998 to 2001.
He is also a member of the Group of Thirty, Washington, D.C., a research fellow at the Center for Economic Policy Research in London and at the Center for Financial Research in Cologne. Axel A. Weber is also a senior research fellow at the Center for Financial Studies in Frankfurt/Main and a member of the European Money and Finance Forum. In addition, he is a member of the Monetary Economics and International Economics Councils of the leading association of German-speaking economists, the Verein für Socialpolitik, a member of the Advisory Board of the German Market Economy Foundation, and a member of the Advisory Council (Hochschulrat) of the Goethe University in Frankfurt/Main. Axel A. Weber is a honorary doctor at the University of Duisburg-Essen and Konstanz.
Axel A. Weber holds a PhD in economics from the University of Siegen, where he also received his habilitation. He graduated with a master’s degree (Diplom) in economics at the University of Constance. He also holds honorary doctorate degrees from the universities of Duisburg-Essen and Constance. He was born on 8 March 1957 and is a German citizen.