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Singapore’s central bank announces deputy PM as new chairman

Finance minister Lawrence Wong will replace Tharman Shanmugaratnam as MAS chairman

Updated 3 years ago · Published on 03 Jul 2023 4:39PM

Singapore’s central bank announces deputy PM as new chairman
Singaporean Deputy Prime Minister and Finance Minister Lawrence Wong, who has been the deputy chairman of the Monetary Authority of Singapore since June 1, 2021, will serve as chairman until May 31, 2026. – Lawrence Wong Facebook pic, July 3, 2023

SINGAPORE – The Monetary Authority of Singapore (MAS) announced today that Deputy Prime Minister and Finance Minister Lawrence Wong will be appointed chairman of the MAS board of directors effective Saturday, reported Xinhua.

Wong, who has been the deputy chairman of MAS since June 1, 2021, will serve as chairman until May 31, 2026. He had previously served as a member of the MAS board from June 2011 to August 2016.

Wong will replace Senior Minister and Coordinating Minister for Social Policies Tharman Shanmugaratnam, who has served as chairman of MAS for 12 years since May 2011 and will step down on Saturday.

Trade and Industry Minister Gan Kim Yong will be appointed deputy chairman of the MAS board for the same period from Saturday to May 31, 2026. – Bernama, July 3, 2023

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