EDUCATION / EXPERIENCE
Doctor of Business Administration (University of Western Australia); MSc of Management Research (University of Western Australia) MSc in Financial Engineering (National University of Singapore); B. Commerce Degree with 1st class honours majoring in Economics (Nanyang University)
Dr Pei has close to 35 years of experience in banking and finance, spanning across commercial banking, investment banking and capital markets, central banking and financial regulation and supervision.
From 1979, Dr Pei spent about 20 years in commercial and then investment banking industry. He was involved in consumer banking, credit control, corporate lending, origination and underwriting of securities, loan syndication, bond sale and trading, project and structured finance, structuring investment and hedging products, market making of interest rate and currency swaps and options. His last held senior management position was Senior Vice President & Head of Capital Markets Department of OCBC Banking Group. Dr Pei was also the key member of OCBC banking group’s Asset & Liability Management Committee.
In 1999, Dr Pei joined The Monetary Authority of Singapore, MAS (the central bank and integrated financial regulator in Singapore) as the Director of Banking Supervision Department. The department was responsible for the supervision of local as well as global and regional banks operating in Singapore. Dr Pei’s areas of supervisory responsibilities include investment banking, capital markets, treasury and financial derivatives activities. In 2003, Dr Pei was appointed Director and Head of Supervisory Methodologies & Training, responsible for the development of supervisory methodologies, tools, and practices for the entire financial supervision group (FSG) at MAS and the professional development of MAS staff. FSG supervises all sectors of financial services industry spanning across banking, insurance, stock broking, fund management, securities and futures markets.
In 2008, Dr Pei was appointed Director of a newly established MAS Academy, responsible for day-to-day management and operation of the Academy. The Academy provides professional and leadership training, research and knowledge management for MAS staff and capacity building and technical assistance programmes to the regional countries. Training programmes focus on key functional areas of MAS such as central banking and monetary policy, financial stability and macro-prudential supervision, micro-prudential and market conduct supervision, and financial development etc.
During his time with MAS, Dr Pei participated in several internal and external committees and forums. These included as member of MAS Banking Supervision Heads Meeting, member of MAS Basel II Steering Committee; project leader in developing MAS’ validation standards for Basel II internal rating based (IRB) credit risk models and systems, and Basel II Pillar 2 supervisory standards; member of Basel II Accord Implementation Group Validation Subgroup meetings under the auspices of Basel Committee on Banking Supervision (BCBS); member of Advisory Board for APEC Financial Regulators Training Initiative for Bank Supervisors as well as Securities regulators. Dr Pei was also the President of the Association of Financial Engineering in Singapore between 2007 and 2009.
Dr Pei joined Singapore Management University in 2014 as the Associate Professor of Quantitative Finance (Practice) at the Lee Kong Chian School of Business. Dr Pei also teaches at National University of Singapore (Business School and Lee Kuan Yew School of Public Policy), Nanyang Technological University and Renmin University of China. Dr Pei also mentors visiting fellows and scholars from overseas which include senior central bankers and financial regulators from the region including China.
Dr Pei’s current research interest include central banking and monetary policy, financial stability, financial development, financial supervision and regulation, financial markets and products, commercial and investment banking, corporate governance, corporate finance, risk management etc.