Zeti is Central Bank Governor of the Year
News Update by JOHAN FERNANDEZ of The Star
WASHINGTON: Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz has been named Central Bank Governor of the Year by financial magazine Euromoney.
The prestigious Euromoney?s Central Bank Governor of the Year is an award for the world?s best central bank governors.
This was the third award in three years for Malaysia's Bank Negara head, after Emerging Markets magazine named her Best Central Bank Governor in Asia in 2003 and The Bankers, a publication of the Financial Times, gave her Central Banker of the Year Global Award last year.
Dr Zeti, who is here for the International Monetary Fund (IMF) and World Bank annual general meeting, received her latest award from Euromoney chairman and editor-in-chief Padriac Fallon at a ceremony at the Hay Adams Hotel here.
In his address before the presentation, Fallon described Dr Zeti as a "supreme professional" among a new breed of central banker governors.
"Our Central Bank Governor of the Year goes to a woman whose quiet, shy demeanour hides a fierce determination to boost her country?s economy and build it as a hub for finance in the region," he said.
He said that since becoming head of the central bank in 2000 Dr Zeti had overseen radical reform on exchange rate, the capital markets and the banking industry.
Fallon said the performance of ministers and governors was getting better all the time.
"We seem to be in a period for some years now where the economic system seems to be able to suffer shocks without going into total crisis.
"Perhaps, the reason for that is we have better central bankers and finance ministers now than we did before," he said.
Commending Malaysia's former prime minister Tun Dr Mahathir Mohamad for picking Dr Zeti. Fallon added: "The economy she is responsible for grows steadily year on year. "The country now has one of the most developed Islamic finance services in the world, a market that we in Euromoney have given particular attention to."