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Monetary regulator gets new chief

Thu, 10th Aug 2017

Chief Executive Fernando Chui Sai On has appointed Benjamin Chan Sau San chairman of the board of directors of the Macau Monetary Authority (AMCM), according to an executive order published in the Official Gazette (BO) on Wednesday.

The renewable one-year appointment takes effect from August 26.

The executive order said that Chan was appointed to the post because of his “professional competence and aptitude” as demonstrated by his curriculum vitae.

Current AMCM Chairman Anselmo Teng Lin Seng’s term ends this month. Teng has been at the helm of the city’s quasi-central bank for 18 years.

Chan is a member of the AMCM board of directors. He holds a doctorate in Economy and Finance of the University of Hong Kong and a master’s degree in Economy from the University of Warwick in the UK, according to an annex to yesterday’s executive order.