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What Does The Financial Society Of S’pore’s Council Do?

by Y9gvFGIPMP
July 24, 2020
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The newly elected MP of Sengkang GRC Jamus Lim is one of the six people elected to the Council of the Economic Society of Singapore.

Five other new council members were announced: Kent Choi, Credit Suisse team leader, dean of NTU Business School, Professor Christina Soh, head of the NUS economic department, Professor Satoru Takahashi, associate professor of SMU, Tan Swee Liang, and head of international banking at Standard Chartered Bank (Singapore) Franky Tanudjojo.

After the new 64th Council was announced, what is the Economic Society of Singapore for and what does it mean to appoint Jamus Lim and these people as new members?

What does the council do?

The Economic Society of Singapore (ESS), formerly the Malayan Economic Society, was founded on July 28, 1956 on the initiative of graduates and employees of the Department of Economics at the then University of Malaya in Singapore.

On March 28, 1969, the company changed its name from the Malay Business Corporation to the Singapore Business Corporation in response to the Republic's new independent and sovereign status.

Photo credit: Facebook

Today, ESS was expanded to include members from the fields of science, government and business.

The company organizes conferences and networking sessions to promote discussions on current economic issues related to Singapore and the region.

The council members include private economists, representatives of think tanks in the economic and financial sectors and high-ranking academics.

President Euston Quah and DPM Heng Swee Keat in 2017 / Photo credit: Facebook

Honorary members include Deputy Prime Minister Heng Swee Keat, Senior Minister Tharman Shanmugaratnam and former Prime Minister Goh Chok Tong.

Professor Euston Quah, head of the Department of Economics at NTU, continues to head the 64th Council of Society as its president, a position he has held since 2009.

Credit: NTU

Who are the new faces

Jamus Lim, associate professor and Sengkang GRC MP

Jamus Lim Labor PartyCredit: WP

Jamus Lim's already impressive curriculum vitae is complemented by a seat for the 36-member council at the company's annual general meeting on Wednesday (July 23).

The associate professor at ESSEC Business School is also part of the 4-man Workers & # 39; party team that fought against the PAP team headed by NTUC boss Ng Chee Meng for Sengkang GRC.

The WP won and got another GRC. Jamus Lim secured a seat as an opposition MP.

The economics professor commented on the minimum wage, and the Labor Party pleads for a minimum wage of $ 1,300 in its GE 2020 manifesto.

There is no national minimum wage in Singapore. What we have is the Progressive Wage Model (PWM), which essentially represents the minimum wage (and more) by sector.

Lim has argued that even with the progressive wage model, 100,000 workers will stay below the minimum wage.

Kent Choi, team leader at Credit Suisse

Credit: Mentors Hub

Kent has experience working with Credit Suisse, the Bank of Singapore, the Global Private Bank in Asia and ABN AMRO Bank.

According to his LinkedIn profile, he is the team leader for the Singapore-Malaysia market, "being responsible for expanding and developing the growth of his team and market."

He was a relationship manager and saw significant growth in AUM and HNW customer sales across Asia year over year.

Professor Christina Soh, dean of the NTU Business School

Christina Soh right / picture credits: NTU

Christina is known for her work in managing large package software implementation and organizational transformation.

Her work has been published in leading journals such as MIS Quarterly, Information Systems Research, the European Journal of Information Systems and others.

She was involved in the design of NTU's first interdisciplinary double degree in Business and Computing, the Renaissance Engineering Program and most recently the business school's new specialization in business analytics.

From 2004 to 2008, she was Associate Dean for student business programs and worked with colleagues to improve student recruitment, placement, and experience.

From 2008 to 2012, she continued to work as Associate Dean in the Dean's Office and returned from 2014 to 2017 as ITOM director to lead the department in new directions as digital and analytics rose.

Internationally, she was co-chair or mentor of the faculty in many doctoral consortiums and workshops for the development of faculties at the International Conferences for Information Systems, the OCIS department of the Academy of Management and the Pacific Conference of Information Systems. She was Program Co-Chair for ICIS 2017. In 2013 she was appointed a Fellow of the Association of Information Systems.

Professor Satoru Takahashi, head of the NUS economic department

Photo credit: University of Tsukuba

Takahashi holds a PhD in economics from Harvard University.

His research areas are microeconomic theory and game theory and he is currently a professor at the Department of Economics, NUS.

It has been published in journals such as the Econometrica, the Japanese Economic Review and the Journal of Economic Theory.

Tan Swee Liang, associate professor at SMU

Credit: SMU

Tan is an associate professor of economics (practice) at SMU.

Her research interests include financial sector development, country risk assessment, and educational research and development.

She is also the director of the Center for Teaching Excellence at SMU, where she leads a team that engages stakeholders to teach and learn at SMU through various programs such as the professional development program, the program to ensure learning, and that To drive a program to innovate teaching.

She has written several cases related to financial sector liberalization, including Dunia, a financial company founded in the United Arab Emirates during the global financial crisis in 2008, and the State Bank of India's expansion into the Singapore market.

Franky Tanudjojo, Head of International Banking at Standard Chartered Bank (Singapore)

Photo credit: Facebook

Tanudjojo is the managing director and head of international banking at Standard Chartered Bank (Singapore).

There is not much information about him on the Internet, but it appears that he has worked his way up from a general manager to a senior executive at the British bank.

What is expected of Jamus Lim and other members?

According to its website, the task of the ESS is to provide insightful comments and to involve and educate the public on economic issues. This is important to improve our understanding of Singapore's challenges and to give credibility to economic decisions.

In 2013, Heng Swee Keat, Minister of Education at the time, said: "The ESS will remain a valued partner to create a better Singapore in today's complex operating environment."

With the election of economist Jamus Lim and new members, this could mean fresh blood for a more robust economic debate.

Selected image source: Screengrab from Channel 5 / ESS

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