Industry Outreach Series
Digitisation and related innovations, such as Data Analytics, DLT, cryptocurrencies, CBDC (e.g., PBOC) significantly affect financial intermediation and the overall financial eco-system. For example, digitisation revolutionizes payment approaches and credit allocations. Both private sector players and governments are competing and forming new partnerships. With these imminent momentous changes, there will be fundamental shifts in business models, strategic thinking, and our financial system's characteristics. We want to benefit from the experience, insights, and wisdom of industry leaders, policymakers, and academics on these important topics.
Professor Andrew K. Rose, Dean and Distinguished Professor, NUS Business School, National University of Singapore, Exco Member and Senior Fellow of ABFER
Mr Samuel N. Tsien, Adviser to the Board, OCBC Bank
Dr Tara Rice, Head of Secretariat, Committee on Payments and Market Infrastructures, Bank for International Settlements
Professor Dave Fernandez, Professor of Finance (Practice); Director, Sim Kee Boon Institute for Financial Economics, Singapore Management University
Professor Antonio Fatas, Professor of Economics and The Portuguese Council Chaired Professor of European Studies, INSEAD and Senior Fellow of ABFER
Mrs Ong-Ang Ai Boon
Director, The Association of Banks in Singapore
Mrs Ong-Ang Ai Boon is the Director of The Association of Banks in Singapore (ABS). She was appointed in 1982 and has since led the ABS with her extensive regulatory and operational experience in the banking industry.
Mrs Ong started her career in banking in 1969. Prior to her position at ABS, Mrs Ong was with the Monetary Authority of Singapore (MAS) from 1971 till 1981 where she held several key positions during her tenure.
The Association represents the interests of the banking industry, with more than 150 local and foreign member banks, and among other functions, works to establish a sound banking structure in Singapore in collaboration and consultation with MAS and other government bodies.
Professor Andrew K. Rose
Dean and Distinguished Professor, NUS Business School, National University of Singapore, Exco Member and Senior Fellow of ABFER
Professor Andrew K Rose is Dean of NUS Business School. He is also a Research Associate of the National Bureau of Economic Research (based in Cambridge, MA), a Research Fellow of the Centre for Economic Policy Research (based in London, England), and a Senior Fellow of the Asian Bureau of Finance and Economic Research (based in Singapore). He received his PhD from the Massachusetts Institute of Technology, his MPhil from Nuffield College, University of Oxford, and his BA from Trinity College, University of Toronto.
Professor Rose has published over 150 papers and over 90 articles in refereed economics journals, including the American Economic Review, the Quarterly Journal of Economics, the Review of Economic Studies, and the Journal of Finance. His research addresses issues in international trade, finance, and macroeconomics, and has received more than 40,000 citations. His teaching is in the areas of international macroeconomics; he has won two teaching awards.
Prior to joining NUS, Professor Rose served as Associate Dean for Academic Affairs and Chair of the Faculty 2010-2016 at Berkeley’s Haas School of Business, and was the managing editor of the Journal of International Economics 1995-2001. He was the founding director of the Clausen Center for International Business and Policy at Haas and the Risk Management Institute at the National University of Singapore. He has organised over 50 academic conferences.
Professor Rose is interested in the theory and practice of economic policy, and most of his work is applied and driven by “real world” international phenomena. He has worked on six continents and at a number of international economic agencies, including: the International Monetary Fund, the World Bank, and the Asian Development Bank. He has also worked at a number of national agencies, central banks and universities, including Australia, Canada, England, Europe, Hong Kong, Singapore, and the United States.
Mr Samuel N. Tsien
Adviser to the Board, OCBC Bank
Samuel Tsien was Group CEO of OCBC Bank between Apr 2012 and Apr 2021, and was on the Board of the Bank and all major OCBC Group companies until his retirement. He was appointed Adviser to the Board of OCBC Bank on 15 Apr 2021 and continues to serve on the Board of OCBC Wing Hang Bank in Hong Kong. He is also a Director of Mapletree Investments Pte Ltd and Jardine Cycle & Carriage Ltd.
He was Chairman of the Association of Banks in Singapore, Vice Chairman of the Council of the Institute of Banking and Finance (IBF), Chairman of its Standards Committee and a member of the National Jobs Council. Appointed by MAS, he was also Chairman of the Steering Committee for Singapore’s SOR and SIBOR transition to SORA, and a member of the MAS Financial Centre Advisory Panel and the MAS Payments Council.
He graduated from the University of California at Los Angeles (UCLA) in Economics.
Dr Tara Rice
Head of Secretariat, Committee on Payments and Market Infrastructures, Bank for International Settlements
Tara Rice is head of the secretariat supporting the CPMI, the international standard setter for payment, clearing, settlement and related arrangements. Previously, she served as the Deputy Assistant Secretary for International Financial Stability and Regulation at the US Department of the Treasury. She also worked for nearly 15 years in the Federal Reserve System, most recently as Chief of the Global Financial Institutions section and as a visiting member of the Financial Stability Board in Basel. In 2012, she received the Fed's Special Achievement Award for outstanding contributions towards the objectives and mission of the Fed. She holds a PhD in finance from Boston College.
Professor Dave Fernandez
Professor of Finance, Lee Kong Chian School of Business, Co-Director, Singapore Green Finance Centre, Singapore Management University and Director, Sim Kee Boon Institute for Financial Economics
Dave Fernandez is the Director of the Sim Kee Boon Institute (SKBI) for Financial Economics and Professor of the Practice of Finance at the Lee Kong Chian School of Business at Singapore Management University (SMU). He is also the Co-Director of the Singapore Green Finance Centre, which is jointly run by SKBI and Imperial College London’s Centre for Climate Finance & Investment.
Outside of SMU, he was recently appointed chair of the Advisory Panel at the ASEAN+3 Macroeconomic Research Office. Additionally, he sits on the Academic Council at the Impact Economy Foundation and is a member of the Stewardship Discussion Circle at Stewardship Asia.
Prior to returning to academia in 2018, Prof Dave worked as an economist in the private sector at Barclays and J.P. Morgan. He started his career in the public sector, serving as an economist in the administration of President George H.W. Bush and at the Federal Reserve Bank of New York.
Apart from his activities as an economist, he sits on the board of EMpower, a global philanthropy focused on at-risk youth in emerging market countries. He is also a member of Phillips Exeter Academy’s Asia Council and the Exco of the Princeton Alumni Association of Singapore.
Prof Dave holds an M.A. and Ph.D. in Economics from Princeton University where he completed his dissertation under the guidance of Ben S. Bernanke. His undergraduate degree is from the University of Pennsylvania where Robert S. Mariano was his mentor.
Professor Antonio Fatas
Professor of Economics and Portuguese Council Chaired Professor of European Studies, INSEAD and Senior Fellow, ABFER
Antonio Fatás is a Professor of Economics at INSEAD. He received his PhD in Economics from Harvard University. He is a Research Fellow at the Centre for Economic and Policy Research in London and has worked as an external consultant for international organisations such as the International Monetary Fund, the OECD and the World Bank.
He teaches the macroeconomics core course in the MBA programme, as well as different modules on the global macroeconomic environment in the Executive Education. His research focuses on the study of business cycles, fiscal policy and the economics of European integration. His articles appear in academic journals such as the Quarterly Journal of Economics, Journal of Monetary Economics, Journal of Money, Credit and Banking, Journal of Public Economics, Journal of International Economics, Journal of Economic Growth, European Economic Review and Economic Policy.
Professor Bernard Yeung
Stephen Riady Distinguished Professor in Finance and Strategic Management, NUS Business School, National University of Singapore and President of ABFER
Bernard Yeung is Stephen Riady Distinguished Professor in Finance and Strategic Management at the National University of Singapore Business School. He is also the President of the Asian Bureau of Finance and Economic Research. He was Dean of NUS Business School from June 2008 to May 2019. Before joining NUS, he was the Abraham Krasnoff Professor in Global Business, Economics, and Management at New York University (NYU) Stern School of Business. He has also served as the Director of the NYU China House, the honorary co-chair of the Strategy Department of the Peking University Guanghua School of Management. From 1988 to 1999, he taught at the University of Michigan and at the University of Alberta from 1983 to 1988.
Professor Yeung has published widely in academic journals covering topics in Finance, Economics, and Strategy; his writing also appears in top-tier media publications such as The Financial Times, Economist, and The Wall Street Journal.
He won the Public Administration Silver Medal (2018) in Singapore, Irwin Outstanding Educator Award (2013) from the Academy of Management and is an elected Fellow of the Academy of International Business.
Professor Yeung was a member of the Economic Strategies Committee in Singapore (2009), a member of the Social Science Research Council (SSRC) in Singapore (2016-2018) and a member of the Financial Research Council of the Monetary Authority of Singapore (2010 -2013).
Professor Yeung sits on the 3rd Advisory Board of the Antai College of Economics and Management at Shanghai Jiao Tong University, the Advisory Council of the Economics and Management School of Wuhan University and the Advisory Committee of the Institute of Economics, Academia Sinica. Professor Yeung also serves as an independent Non-Executive Director of the Bank of China (BOC) Aviation Limited since 2016.
Professor Yeung received his Bachelor of Arts in Economics and Mathematics from the University of Western Ontario and his MBA and PhD degrees from the Graduate School of Business at the University of Chicago.