KUALA LUMPUR – Following the sudden announcement of an early retirement, outgoing Bank Negara Malaysia (BNM) deputy governor Sukhudew a.k.a Sukhdave Singh has said that he has “no other decision” than to quit his post.
New Straits Times quoted a one-page note left by him to his friends and colleagues saying he can no longer meet a certain professional expectations, leading him to leave before the end of his contract in April 2019.
“All I can say is that my life in the bank has been based on certain professional expectations, and when I find myself put in circumstances where those expectations can no longer be met, there could have been no other decision for me,” he was quoted saying.
In his note, he reminded colleagues that leadership is a responsibility and not a privilege, and leadership is not measured by depriving subordinates of opportunities.
“Remember that nothing shines a brighter light into the depths of your character than your behaviour when you believe that you have power over others.
“It is also never acceptable to use bullying as a means to exert your leadership. Respect yourself; respect those who work for you,” he said.
Sukhudew also thanked his colleagues over the years since he joined BNM in 1986.
Earlier today, the Minister of Finance approved the appointment of Jessica Chew Cheng Lian as deputy governor for a three-year term effective January 1, 2018 following the retirement of Sukhudew on December 31, 2017.
Sukhudew was assistant governor and chief economist from 2009 until he was appointed a deputy governor in 2013.
He had also contributed as part of the Malaysian negotiating team during the Trans Pacific Partnership discussions.
He had served under the former governor Tan Sri Zeti Akhtar Aziz until the latter stepped down in April 2016.
Sukhudew was named among the favourites to take over, but fellow deputy governor Datuk Muhammad Ibrahim was named to replace Zeti the month after.
– Malay mail