3-7-2023 (SINGAPORE) The Monetary Authority of Singapore (MAS) made an announcement on Monday that Deputy Prime Minister and Minister for Finance Lawrence Wong will assume the role of chairman of the MAS Board of Directors, effective Saturday.
Wong, who has been serving as the deputy chairman of MAS since June 1, 2021, will hold the position of chairman until May 31, 2026. He previously served as a member of the MAS Board from June 2011 to August 2016.
Wong will succeed Tharman Shanmugaratnam, Senior Minister and Coordinating Minister for Social Policies, who has been the chairman of MAS for the past 12 years since May 2011. Shanmugaratnam will step down from his position on Saturday.
Minister for Trade and Industry Gan Kim Yong will be appointed as the deputy chairman of the MAS board for the same tenure, starting from Saturday until May 31, 2026.
