Dear fellow FMAS Members,

As we reflect on the past year, I would like to thank members, sponsors and contributors for your keen support of FMAS, our events, activities and initiatives.

Over the past financial year, FMAS has continued to focus on bringing forward important agendas that reinforce our relevance to the financial markets community. Key initiatives included the successful Asia Financial Market Forum (AFMF), our annual Charity Golf event, and continued advocacy efforts through engagement with regulators, policymakers, and Ministers. These engagements were aimed at supporting market development, facilitating new market entrants, and ensuring that the industry’s perspectives continue to be heard.

On the advocacy front, one notable milestone was our work with the Singapore Foreign Exchange Market Committee, in conjunction with the Monetary Authority of Singapore, to advocate for Asian fixed rates. This culminated in the submission of a white paper – a tangible contribution that reflects FMAS’s role as a constructive and credible industry voice.

Internally, we have also made deliberate efforts to widen FMAS’s ecosystem. This includes expanding our membership base and strengthening engagement across a broader segment of the financial markets. As our industry evolves, it is important that the Association evolves with it – staying relevant, inclusive, and representative of the wider market community.

We are also encouraged by the progress made in several key areas. The Women at FMAS and our diversity initiatives continue to gain momentum, reinforcing our commitment to promoting inclusion and advancing women’s agendas within the Association and the broader industry. In addition, our internship and mentoring initiatives remain a key area of focus, as we seek to support the next generation of market professionals and ensure a strong pipeline of future talent.

We are excited to announce the formation of the Next-Gen committee to bring in the new blood in our industry, share fresh perspectives on how FMAS can be of value to our younger members and continue our efforts to identify talent and successors for our industry and the association.

Ultimately, the continued relevance and impact of FMAS can only be achieved with the active support and involvement of our members. Your participation, engagement, and contributions are essential as we move forward together.

Lastly, my Executive Committee and myself extend our heartfelt gratitude to Mr Ravichandran (or Ravi as he is affectionately known) for his 7-year service to FMAS as our managing director and wish him a meaningful retirement. Ravi has been instrumental in shaping FMAS and delivering several successful programmes such as the AFMF and the ACI World Congress. We will miss his energy and enthusiasm, but I am sure he will continue to be an invaluable member of FMAS.

Allow me to welcome Dr Kevin Cheong as our new managing director. Kevin has spent over 2 decades in the tourism industry at various senior leadership positions at government and MNC organisations and as a tourism development consultant. He is also an adjunct lecturer at the Singapore Management University and the University of Newcastle (Australia). Kevin will bring in a fresh perspective on how FMAS charts our next phase of growth.

Once again, thank you for your continued support of FMAS. I look forward to working closely with all of you as we build on these foundations and continue to serve the financial markets community.

Jacky Tai
President