Monetary Authority of Macao on August 26 Benjamin Chan Sau San will assume the role of Chairman of the Board of Directors of the Monetary Authority of Macao (AMCM) on August 26, with the term set to last until August 25 of next year according to a dispatch published in the Official Gazette yesterday.
Mr. Chan – a member of the AMCM Board of Directors – will replace Anselmo Teng Lin Seng, the first administrator of Chinese origin to take up the role, working in the department since 1999.
In statements made in yesterday’s Legislative Assembly (AL) plenary session the Secretary for Economy and Finance Lionel Leong Vai Tac noted that the new appointment is a “normal personnel re-arrangement”.
“The main reason is, Macau is approaching a new financial development [thus] the government has to make long term plans to suit the changing situation […] these plans would then include personnel structure, in order to allow the city to meet higher goals and have better arrangements,” stated the Secretary.
The new appointee has occupied several government positions within the MSAR and in Hong Kong, having held the position of Director of the Statistics and Census Service (DSEC) since 2001 and as a member of the MSAR Council for Economic Development.
In 2001, Mr. Chan was also appointed by the MSAR Government as a member of the committee for managing the gaming concessions’ public tender.
Mr. Chan was also a co-ordinator at the University of Macau’s (UM) Faculty of Business Management from 1998, in charge of the Business Research and Training Centre and of courses in the areas of economics and international finance.