Dr Ray Choy is Chief Economist at MARC Ratings Bhd. Apart from his pioneering work in Malaysia’s bond markets, Dr Ray’s experience in the global financial markets spans more than two decades, encompassing economic research, funds management, foreign exchange research, commodities research, equities investments, and credit risk ratings. Prior to MARC, Dr Ray headed the research offices of CIMB Banking Group and RHB Banking Group across Southeast Asia, following a leadership role in global funds management.
Throughout his career, Dr Ray received rankings and awards from various organisations and publications such as Alpha Southeast Asia, The Asset, Bond Pricing Agency Malaysia (BPAM), The Edge and Lipper. A columnist for The Edge Weekly, Dr Ray has published articles in top-tier, peer-reviewed journals and authored a book titled “Essays in Bond Market Economics”. In addition, he is a corporate trainer, an adjunct academic at Monash University and is on the Directors’ Registry and Affiliate of the Institute of Corporate Directors Malaysia (ICDM).
Dr Ray holds a Bachelor of Arts in Business and Finance with Distinction from Heriot-Watt University, a Bachelor of Science in Politics and International Relations with 1st Class Honours from the University of London (LSE), a Master of Science in Finance (Economic Policy) from the University of London (SOAS) and a PhD focusing on sovereign credit ratings from the University of Nottingham.
