About the late Mr Sim Kee Boon
Mr Sim Kee Boon was a leading member of the founding generation of civil servants who, together with Singapore’s political leaders, steered the nation through a period of turbulence and uncertainty to success and stability. His lifetime of dedication to serving the community, the state and society began when he joined the British colonial service upon graduation from Raffles College with a degree in Economics.
According to a mystery shopping survey conducted by the MAS last year, nearly a third of customers looking for financial advice and products were steered to unsuitable investments. About 50% of the mystery shoppers were not quizzed about their risk tolerance or financial objectives, and 40% were not asked for their investment experience. Mr Lee Chuan Teck, MAS assistant managing director for capital markets, told the SMU Financial Advice Symposium on Friday that these two findings were ‘particularly disturbing'.
