Adjunct Professor at the Graduate School of Economics and Management,
Tsinghua University, Beijing; Pro-Chancellor of the Universiti Tun Abdul Razak,
Malaysia; Adjunct Professor and Third Holder of the Tun Ismail Ali Chair at the
Faculty of Economics & Administration, University of Malaya; member of
International Council of the Freie University, Berlin and the Governing Council of
the International Centre for Education in Islamic Finance (INCEIF)
Andrew Sheng is a member of the IMF's External Advisory Group on its 2014
Triennial Surveillance Review, the CFA Institute's Future of Finance Advisory
Council, the International Advisory Panel to the Australian Treasury's Financial
System Inquiry, and an advisor to the United Nations Environment Program Inquiry
into the Design of a Sustainable Financial System. He has been Co-Chair of the
OECD-ADBI Roundtable Conference on Capital Market Reform in Asia since 2005.
In Malaysia, he is a member of the National Economic Advisory Council (NEAC),
the Advisory Council of the Iskandar Regional Development Authority and the
International Advisory Panel of the Labuan Offshore Financial Services Authority
(LOFSA); and a Board Member of Khazanah Nasional Berhad (Malaysian
sovereign wealth fund).
Mr. Sheng is also actively engaged in China, as a member of the International
Advisory Council of the China Investment Corporation (sovereign wealth fund), the
China Development Bank, and the Advisory Council on Shanghai as an
International Financial Centre;
Other international/regional appointments include Board Member of the Qatar
Financial Centre Regulatory Authority, Board Member of the Advisory Council of the
National Institute of Securities Market, India (NISM), member of the Advisory Board
of the Emerging Markets Forum; and
Career and Contributions
An accountant by training and a central banker and securities regulator
professionally, Andrew Sheng's career began in Bank Negara Malaysia, where he
rose through the ranks to become Chief Economist and Assistant Governor in
charge of Bank and Insurance Regulations (1976 to 1989).
From 1989 to 1993, he was seconded to the World Bank as Senior Manager,
Financial Sector Development Department, where he undertook pioneering work
on bank restructuring, including publication of the definitive "manual", Bank
Restructuring: Lessons from the 1980s.
In 1998, he co-chaired the Group of 22 Working Party on Transparency and
Accountability, as part of the global initiative to reform the international financial
system after the Asian Financial Crisis.
In 1999, he chaired the Financial Stability Forum's Task Force on Implementation of
From 1993 to 1998, he was the Deputy Chief Executive of the Hong Kong Monetary
Authority, responsible for the Reserves Management and External Departments.
From October 1998 to September 2005, he was the Chairman of the Securities and
Futures Commission of Hong Kong.
From October 2003 to September 2005, he chaired the Technical Committee of the
International Organisation of Securities Commissions (IOSCO).
In 2011, Andrew Sheng became President of the Fung Global Institute, where he
focused on business-relevant research on global issues from Asian perspectives.
He relinquished that position in April 2014 to devote more time to writing on global
financial reforms and governance issues.
A chartered accountant by training, he holds a BSc in Economics and an Honorary
Doctorate from the University of Bristol. In 2013, Time Magazine named Andrew
Sheng as one of the 100 most influential people in the world.