Andrew Sheng
Andrew Sheng | |
|---|---|
| Born | 1946 British North Borneo (present-day Sabah, Malaysia) |
| Occupation(s) | Banker, scholar, commentator |
| Years active | 1972–present |
| Known for | Chairman of Hong Kong Securities and Futures Commission, president of Fung Global Institute |
Tan Sri Andrew Sheng SBS (born 1946) is a Malaysian banker, scholar, and commentator residing in Hong Kong. He began his professional journey as an accountant and currently holds the position of distinguished fellow at the Fung Global Institute, a worldwide think tank headquartered in Hong Kong. Sheng was the chairman of the Hong Kong Securities and Futures Commission (SFC) until 2005, after which Martin Wheatley took over the role.
Early life
Raised in British North Borneo (present-day Sabah, Malaysia), Sheng left Malaysia in 1965 to pursue economics studies at the University of Bristol in the United Kingdom.
Career
Following his graduation, Sheng qualified as a chartered accountant with Arthur Andersen in London. He returned to Malaysia in 1972 and joined Bank Negara Malaysia in 1976, where his work concentrated on banking regulation. In 1989, he was assigned to the World Bank in Washington, DC. By 1993, he had advanced to deputy chief executive at the Hong Kong Monetary Authority. In October 1998, Sheng was appointed chairman of Hong Kong’s SFC and was reappointed for an additional two-year term in 2003 before stepping down in 2005.
In 2011, Sheng took on the role of president at Fung Global Institute, an independent think tank based in Hong Kong.
As of 2013, he functions as chief adviser to the China Banking Regulatory Commission and serves on the board of Khazanah Nasional Berhad, Malaysia's sovereign wealth fund. He also participates on advisory councils for the China Investment Corporation, China Development Bank, Shanghai’s International Financial Centre initiative, and the International Council of the Free University of Berlin. Moreover, he holds adjunct professor positions at Tsinghua University’s School of Economics and Management in Beijing and at the University of Malaya in Kuala Lumpur.
In recognition of his contributions, Sheng was awarded Honorary Fellow status by the Hong Kong Securities and Investment Institute in 2012. The following year, Time magazine listed him among the world’s 100 most influential individuals.
Since 2011, Sheng has been a regular columnist for Project Syndicate, a global media platform.
Works
Quotes
- "Why should a financial engineer earn four to a hundred times more than an actual engineer? A real engineer constructs bridges. A financial engineer creates dreams that can turn into nightmares—and when they do, others bear the cost." —Andrew Sheng, from an interview featured in the 2010 financial documentary Inside Job.