Elizabeth Sam Husband, Age, Wiki, Ethnicity, Death, Biography:- Elizabeth Sam is a well-known female banker in Singapore. When she was appointed to the main board of the Overseas Chinese Banking Corporation (OCBC) in 1996, she became the first female board member of a major four bank. Sam was admitted into the Futures Industry Association’s Futures Hall of Fame in 2023. The Futures Hall of Fame was created in 2005 to recognize extraordinary accomplishments in the global futures and options sector.
Sam began her nearly 40-year career in financial services in the public sector, where she was instrumental in Singapore’s rise as a worldwide financial center. She joined the Ministry of Finance in 1962 and worked as a deputy secretary in the Economics Development Division, a deputy controller of Foreign Exchange, and a director of Overseas Investment. Elizabeth joined the Monetary Authority of Singapore (MAS) in 1971. She was appointed as top manager in 1976.
Elizabeth Sam Husband, Death, Age, Biography, Wiki, Career, Net Worth, Ethnicity
|Date of Birth||1939|
|Age||84 year old (Died)|
|Husband Name||Sherman Sam|
|Father Name||Not Known|
|Net Worth||$2 Million|
Who was Elizabeth Sam?
Elizabeth Sam was an experienced banker who was instrumental in Singapore’s expansion as a financial center. She was dubbed “Ms MAS” for her services to the Monetary Authority of Singapore (MAS), the country’s central bank. She died at the age of 84 on September 11, 2023.
Elizabeth Sam Age, Education, Biography
Elizabeth Sam was born in Singapore in 1939. In 1962, she earned a bachelor’s degree in economics from the University of Singapore. She was one of the first few female administrative employees to join the Ministry of Finance while it was still housed in the original Fullerton Building in 1962. She worked for Dr. Goh Keng Swee, the Minister of Finance from 1959 until 1965.
Elizabeth Sam joined MAS in 1971, the year it was founded. In 1976, she was promoted to chief manager in charge of investments and exchange control, and she later became director of the foreign department. Her prominent position placed her as second-in-command to MAS’s first managing director, Michael Wong Pakshong. Elizabeth Sam, along with past finance ministers Goh Keng Swee and Hon Sui Sen, was instrumental in the formation of Singapore’s foreign exchange market, the Asian Dollar Market, and the futures market. Her influence extended to developing Singapore’s early reserve management policy and overseeing the country’s overseas investments. She also presided over the Singapore International Monetary Exchange (Simex) for two consecutive periods.
She left MAS in 1981 and became a member of the Mercantile House Holding board of directors until 1987. Sam then moved on to the Oversea-Chinese Banking Corporation (OCBC) in 1988, where she served as executive vice president. She became the first female board member of a Big Four bank in Singapore when she was appointed to OCBC’s main board in October 1996, marking a historic moment in Singapore. She also served on the boards of many other businesses, including Banyan Tree Holdings, Kasikornbank, SC Global Development, AV Jennings Development, and Straits Trading. In 1996, she was awarded Singapore’s Public Service Star (BBM) for her excellent services to the financial industry.
Elizabeth Sam Husband, Child
Elizabeth Sam’s marital status and details about her husband are not readily available in the public domain. According to some reports, she was married to Sherman Sam, a businessman who died in 2009. Sherman Sam Jr. and Samuel Sam were their two sons. He is a London-based artist and curator, and Samuel Sam is a Singapore-based lawyer. Sherman Sam Jr. stated that his mother encouraged his independence and, despite his doubts at first, silently supported his artistic pursuits. He also described his mother as a lovely and compassionate lady who genuinely cared about her family and friends.
Elizabeth Sam was an experienced banker who was instrumental in Singapore’s rise as a financial center. She was dubbed “Ms MAS” for her services to the Monetary Authority of Singapore (MAS), the country’s central bank. She died at the age of 84 on September 11, 2023. Her death was not verified, however, her son Sherman Sam stated that she was hospitalized in early September and physicians wanted to do cancer tests on her. On September 13, 2023, she was cremated, and her family asked that no flowers or wreaths be given, but instead that donations be made to charity. Her two sons, Sherman Sam Jr. and Samuel, survived her.
Elizabeth Sam Net Worth 2023
Her net worth is more than USD 2 million at the time of her death.
- Elizabeth Sam was dubbed “Ms MAS” because of her position at the Monetary Authority of Singapore (MAS), Singapore’s central bank.
- In 1962, she was one of the Ministry of Finance’s first female administrative officials.
- She was instrumental in the development of Singapore’s foreign exchange market, Asian Dollar Market, and futures market.
- Elizabeth played a key role in developing Singapore’s early reserves management strategy and monitoring the country’s abroad assets.
- For two periods, she was the chairman of the Singapore International Monetary Exchange (Simex).
- When she joined OCBC’s main board in 1996, she became Singapore’s first female board member of a Big Four bank.
- Elizabeth has also served on the boards of Banyan Tree Holdings, Kasikornbank, SC Global Development, AV Jennings Development, and Straits Trading.
- In 1996, she received Singapore’s Public Service Star (BBM) for her efforts and services to the financial industry.
- In 1996, Euromoney magazine named her one of the top 50 women in finance worldwide.
- Elizabeth married Sherman Sam, a businessman who died in 2009. Sherman Sam Jr. and Samuel Sam were their two sons.
- Sam was admitted to the hospital in early September 2023 and died on September 11, 2023.
- Elizabeth Sam died in a cremation on September 13, 2023.
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