Yvette Cheak

Adviser
Association of Banks in Singapore

IBF Distinguished Fellow (2007)

Compliance

"Compliance is a partner to business. It helps business navigate its development and growth within the confines of laws and regulations, assessing risks, recommending mitigating controls to minimize risks thus reducing the possibility of a reputation loss. Reputation is of the utmost importance in a financial institution in view of their fiduciary role."

Biography

Yvette Cheak has over 40 years of experience in the financial industry ranging from Retail & Consumer Banking, Capital Markets, Finance Companies and Trade Finance both in the Public and Private Sectors. In recent years she has been actively involved in the evolution of AML/CFT Standards of Compliance in Singapore and the Region.

Before setting up her own consultancy, she was the Regional Head of Compliance for S E Asia for BNP Paribas Group. After retiring as the Regional Head for S E Asia, she spent one year as the Resident Trainer at the BNP Paribas Asia Pacific Campus.

Yvette�s private sector experience, in addition to being in Compliance, include positions as VP, Retail and Consumer Banking, Managing Director of several finance companies and Chief Operating Officer of a subsidiary of a local bank.

She chaired the Association of Banks in Singapore (ABS) Self-Governance and Compliance Standing Committee for many years until her retirement and is currently still serving as Adviser to the ABS.

Her public sector experience was with The Monetary Authority of Singapore with exposures in field inspections and supervision of financial institutions. She headed the Foreign Financial Institutions Group prior to leaving for the private sector.

Yvette is a fellow of the International Compliance Association (ICA), UK, and is currently on the International Advisory Panel of the ICA. She is also a Distinguished Fellow of the Institute of Banking and Finance in Singapore.

She co-authored the CMFAS examination guidebooks, Books 1A, 1B and 2B.

Her experience in training includes conducting all the grandfathering sessions for the Non Examinable Course for Private Bankers and she is still on the panel of trainers for the Wealth Management Institute.

Yvette graduated from the University of Singapore with a degree in Business Administration and holds a post-graduate Diploma in Life Insurance.