Albert is a Fellow of the Australian Institute of Certified Public Accountants, an economist and financial adviser with over 42 years experience in economic and business advisory in the APAC region. Between May 1979 and February 1982 Albert was an Advisor to the Australian Government Inquiry into the Australian Financial System ("Campbell Inquiry"), which introduced comprehensive reforms to the Australian banking system. Albert was the Assistant Governor of the Reserve Bank of Australia from October 1988 to September 1989 before becoming the Deputy Commissioner and then Commissioner of Banking in Hong Kong for three and half years. Albert was subsequently made an Executive Director of the Hong Kong Monetary Authority from April 1993 to May 1995. Albert was the Chairman of the Board of Bangkok Bank Berhad in Malaysia from September 1995 to November 2005 during which time he helped stabilized and strengthened the bank, after it had been badly hit by the Asian Financial Crisis. Notable positions:- Chairman of Auric Pacific Group from July 2002 to April 2017 (the largest listed food conglomerate in Singapore)- Independent director of Hong Kong Chinese Group (a leading real estate developer in HK and Singapore)- Chairman of the Board of of First REIT Singapore from 17 May 2006 to 17 May 2017 - Awarded the Top REIT fund manager in Asia in 2016- Led the successful takeover of the pipeline construction operations of Sinopec China by the Wah Seong Corporation (turning Wah Seong into the world's second largest pipe installation company) - Co-founder of the China Aircraft Leasing Group (now listed in Hong Kong)- Founder & Chairman of the 5G Networks Group in Australia (5G grew to become the largest digital network and data centre provider in Australia)- Chairman of Supermax Corporation since 2019. Supermax is the world's second largest rubber and nitrile glove manufacturer- Chairman of Forbidden Foods Limited since January, 2024 (listed in Australia)- Chairman of the ASEAN Blockchain Alliance- Chairman of the Advisory Board of VAXMED (a bioscience company)
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ChairmanSupermax Corporation Berhad Jun 2018 - PresentMalaysiaSupermax Corporation is the world's second largest rubber and nitrile glove manufacturer -
DirectorCalc May 2015 - PresentGlobal -
AdvisorAsia Financial Holdings Limited Jan 2007 - PresentGlobal -
Chairman5G Networks Ltd Dec 2020 - Jul 2022Australia -
ChairmanInternational Standards Resources Holdings Limited Jul 2013 - Sep 2019Global
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ChairmanLippo Malls Indonesia Jul 2010 - Apr 2017Malaysia -
ChairmanFirst Reit May 2006 - Apr 2017Malaysia -
ChairmanAuric Pacific Group Jul 2002 - Apr 2017Singapore -
Director Of Hongkong Chinese Group (Stock Code 655)Lippo China Resources Ltd Jul 2002 - Apr 2017Hong Kong Sar -
ChairmanBangkok Bank Sep 1995 - Nov 2005Malaysia -
Managing Director & Executive Director Of Banking SupervisionHong Kong Monetary Authority (Hkma) Apr 1993 - May 1995Hong Kong SarOn 1 April 1993, the Office of the Exchange Fund and the Commissioner of Banking merged to establish the Hong Kong Monetary Authority as the central bank. Albert was appointed an Executive Director of HKMA. Albert continued his role as the Prudential Supervisor of the Banking System, comprising about 700 banks.Under this watch, Albert initiated the review of the banking legislation. The updates and revisions became the present HK Banking Ordinance. Within the HKMA, Albert contributed to monetary policy, especially the debate on whether HK should continue its fixed exchange rate regime. Whilst Albert was inclined towards a more flexible regime, he conceded that there is a good case for continuing a fixed rate regime. For a small and very open economy, subject to many economic influences, a fixed regime can provide an anchor of certainty. The massive foreign reserves required to support a fixed exchange rate provides a Visible BEACON to engender strength and confidence in HK. -
Commissioner Of Banking For Hong Kong BankHong Kong Government 香港政府 Sep 1989 - Mar 1993Hong Kong SarAlbert was on loan to the Hong Kong Government from the Reserve Bank of Australia. HK needed a replacement Deputy Commissioner of Banking with in depth knowledge of supervising banks and the skills to oversee an international financial center. Albert carried over to HK his central banking and financial system knowledge, wisdom and experience. Albert's involvement with the BCCI Bank in 1991 helped HK avert a potential systemic crisis that was building up at the time. -
Assistant Governor (Formerly Titled Chief Manager)Reserve Bank Of Australia May 1983 - Sep 1989Australia & New ZealandAlbert was transferred from the Treasury to the Central Bank in Australia to be the second in charge of the Department supervising the overall safety of the banking system. He was then promoted to be the Head of Banking Supervision. With the removal of banking controls to underpin monetary management, there was a need thento establish a prudential framework where the Central Bank will be the prudential watchdog of the banking system. Under his watch, Albert ensured that individual banks met high prudential standards, especially in relation to capital adequacy and liquidity management and that no financial event would pose a systemic risk to the whole financial system. Albert opened up Australia to the entry of new domestic and foreign banks. Albert established the new bank application criteria and selected for recommendation to the Central Bank the entry of fourteen foreign banks. Australia finally had foreign banks to compete with local banks. -
From Cadet Officer Rising To Chief Financial Officer For The Australian TreasuryAustralian Government May 1975 - May 1983Australia & New ZealandAlbert started as an Economist and went up the ranks rapidly serving various increasingly senior positions until becoming the Head of the Banking and Financial Institutions Department of the Australian Treasury. This Department has oversight of the whole financial system in Australia. Albert was an advisor on fiscal policy and a member of the Treasury economy forecast team, specializing in the forecasting of exports and imports and capital flows. In between, Albert was on secondment to the Australian Financial System Inquiry. Albert was the co-author of Treasury Economic Paper I, which explained the "free market" philosophy of the Australian Treasury -- particularly in respect of seeking a framework that would best promote the efficient allocation of resources, competitive market practices and future economic development of Australia. Albert's writing skill was extensively utilized as a "ghost" speechwriter for the incumbent Treasurer, especially during the tenure of Paul Keating. -
AdvisorAustralian Government Jan 1979 - Feb 1982Australia & New ZealandAustralia emerged post war with inherited wartime economic controls, reflected in fixed exchange rate,exchange controls, widespread tariffs and monetary policy based on bank regulations. In January 1979, the Government established a Committee chaired by Keith Campbell to inquire into the Australian Financial System. It had an open brief to make comprehensive recommendations for the improvement of the structure and and operations of the Australian financial system and if needed changes to the regulations and controls.Albert was privileged to be included in the supporting team of economic advisors. Reflecting the "free market" philosophy of our generation, it was recommended comprehensive reforms to deregulate and fully open up the Australian economy. Tariffs, banking and exchange controls and fixed exchange rate regime were removed and replaced by open market operations and a floating exchange rate regime to guide monetary policy. Today, Australia remains as a free and open economy.
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Accountant & Corporate AdvisorEy Dec 1973 - Dec 1974Australia & New ZealandAlbert was initially in charge of the Audit Section covering departmental stores and rural agriculture and cattle stations. He was then promoted to be the Principal Assistant to the Partner in charge of consulting and corporate services. Projects under Albert's watch included planning a synchronized traffic light system for Adelaide, writing a green paper to the State Government for the restructuring of the local councils to produce more cost efficiency, advising a "failing" glass bottle manufacturer to reinvent itself as multi fluid container company to include plastic bottles and tetrapak. Producing a recommendation to Hoyts cinema chain on an optimal pricing structure for cinema tickets, which was adopted and used by cinemas ever since in Australia.
Albert Cheok Education Details
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Economics
Frequently Asked Questions about Albert Cheok
What company does Albert Cheok work for?
Albert Cheok works for Supermax Corporation Berhad
What is Albert Cheok's role at the current company?
Albert Cheok's current role is Chairman at Supermax.
What schools did Albert Cheok attend?
Albert Cheok attended University Of Adelaide.
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