Taiwan's long-serving central banker gets fourth term

Taiwan's President Ma Ying-jeou has reappointed the island's central bank governor -- Asia's longest-serving central banker -- for a fourth five-year term, officials said Monday.

Perng Fai-nan, nicknamed "foreign currency killer" for his efficient tactics against hot-money flows and financial speculators, will start his new term Tuesday, according to an order issued by Ma Saturday.

The appointment makes the 74-year-old the longest-serving central banker in Asia and, according to local media, the world.

Perng has been widely credited with guiding the island through the regional and global financial crises of the past 15 years.

Global Finance, a New York-based magazine, in 2012 gave Perng its top "A" rating along with only five other central bankers globally.

Perng is the only central bank governor to have received the honour nine times from the magazine.