KUALA LUMPUR: Bank Negara has appointed Lim Chee Sing as an external member of the monetary policy committee for a two-year term effective Jan 1, 2022.

       In a statement, the central bank said Lim was the executive director and chairman of RHB Research Institute Sdn Bhd from 2013 to 2017.

       He was also the group chief economist of the RHB Banking Group and an equity market strategist for the Malaysian market for RHB Research Institute.

       An economist by training, he began his career with Bank Negara in 1981, where he worked for close to eleven years.

       He then joined RHB Research Institute as its regional economist and subsequently promoted to the head of research.

       Lim holds an MBA and a Bachelor’s degree in Economics from the University of Malaya.

       Meanwhile, Bank Negara also announced that Datuk Gan Wee Beng will step down from his current position as external member of the MPC on April 1, 2022, having served on the committee since April 1, 2019.

       “I would like to welcome Mr. Lim to the MPC who brings with him a wealth of expertise and experiences.

       "I would also like to express my utmost appreciation to Dato’ Dr. Gan for his contributions to the Bank’s monetary policy formulation over the last three years. We wish him all the best in his future endeavours," said Bank Negara governor Tan Sri Nor Shamsiah Mohd Yunus.