Appointment of New Chairman and Deputy Chairman to MAS Board of Directors

Singapore, 3 July 2023… The Monetary Authority of Singapore (MAS) announced today that Deputy Prime Minister and Minister for Finance, Mr Lawrence Wong, will be appointed Chairman of the MAS Board of Directors for the period from 8 July 2023 to 31 May 2026.

2. Mr Wong has been Deputy Chairman of MAS since 1 June 2021 and had previously served as a member of the MAS Board from June 2011 to August 2016.

3. Mr Wong replaces Senior Minister and Coordinating Minister for Social Policies, Mr Tharman Shanmugaratnam, who has served as Chairman of MAS for twelve years since May 2011, and will step down from 8 July 2023.

4. Mr Gan Kim Yong, Minister for Trade and Industry, will be appointed to the MAS Board for the period from 8 July 2023 to 31 May 2026. He will also be appointed Deputy Chairman of the MAS Board.

5. The members of the MAS Board are listed in the Annex.

MAS Board of Directors

Board of Directors of the Monetary Authority of Singapore (with effect from 8 July 2023)

1. Mr Lawrence Wong (Chairman)
   Deputy Prime Minister and Minister for Finance
2. Mr Gan Kim Yong (Deputy Chairman)
   Minister for Trade and Industry
3. Mr Heng Swee Keat
   Deputy Prime Minister and Coordinating Minister for Economic Policies
4. Mr Alvin Tan
   Minister of State, Ministry of Trade and Industry and Ministry of Culture, Community and Youth
5. Mr Peter Ong (Chairman of Risk Committee)
   Chairman, Enterprise Singapore
6. Mr Chaly Mah (Chairman of Audit Committee)
   Chairman, NetLink NBN Management Pte Ltd
7. Mr Lim Hng Kiang
   Special Advisor, Ministry of Trade and Industry
8. Professor Tan Chorh Chuan
   Chief Health Scientist, Ministry of Health and Executive Director, MOH Office for Healthcare Transformation
9. Mr Lucien Wong
   Attorney-General, Attorney-General’s Chambers
10. Mrs Deborah Ong
    Retired Partner, PricewaterhouseCoopers LLP
11. Mr Ng Wai King
    Managing Partner, WongPartnership
12. Mr Ravi Menon
    Managing Director, MAS