SINGAPORE – An Indian-origin banker in Singapore has been named as the best central bank governor in Asia-Pacific for 2018, a media report said on Thursday.
Ravi Menon, managing director of Singapore’s central bank Monetary Authority of Singapore (MAS), was recognized by the leading UK-based magazine ‘The Banker’ for his contribution in the makeover of Singapore’s financial system.
The annual recognition is by magazine, a publication under The Financial Times Group, is based on a selection process involving a survey of bankers and economists.
“The Monetary Authority of Singapore (MAS), the country’s central bank, stands out for its cutting-edge regulatory approach to fintech while maintaining macroeconomic stability,” the magazine said in an article.
“These are the key reasons for selecting Ravi Menon, managing director of MAS, as the Central Bank Governor of the Year for Asia-Pacific,” The Straits Times reported, quoting the magazine article.
The article noted that the MAS was among the first regulators to set up a dedicated fintech group that focuses on understanding technology’s risks and benefits.