SINGAPORE: Finance Minister Lawrence Wong has been appointed deputy chairman of the Financial Authority of Singapore’s (MAS) board of administrators, the central financial institution mentioned on Friday (Might 28).
He’ll be part of the board from Jun 1 to Might 31, 2024. He beforehand served on the board from Jun 10, 2011, to Aug 29, 2016.
Senior Minister and Coordinating Minister for Social Insurance policies Tharman Shanmugaratnam and Mr Ravi Menon have been reappointed to the board and can proceed of their posts as chairman and managing director respectively.
Mr Tharman can be chairman of the board for an extra three years from Jun 1, whereas Mr Menon can be managing director for an extra two years from Jun 1.
MAS has additionally appointed Mrs Deborah Ong, a just lately retired companion of PricewaterhouseCoopers LLP Singapore, to its board of administrators for a time period of three years from Jun 1.
Mrs Ong can also be a board member and chair of the audit and threat committees of SkillsFuture Singapore, Workforce Singapore, the Lee Kong Chian College of Drugs on the Nanyang Technological College, and the Council for Property Businesses. She can also be a board member of SATS.
The board’s present deputy chairman Lim Hng Kiang will step down on Might 31 from the submit he has held since 2006, and will stay as a member of the board, MAS mentioned.
Well being Minister Ong Ye Kung will step down as a MAS board member on the identical day. He has been a board member since Aug 29, 2016.
The central financial institution additionally introduced different reappointments to its board for an extra time period of three years. They’re:
– Deputy Prime Minister and Coordinating Minister for Financial Insurance policies Heng Swee Keat;
– Mr Peter Ong, chairman of Enterprise Singapore, who will even be re-appointed as chairman of the chance committee; and
– Professor Tan Chorh Chuan, Chief Well being Scientist on the Ministry of Well being (MOH) and govt director, MOH Workplace for Healthcare Transformation.
Mr Quek See Tiat, president of the Council for Property Businesses and chairman of the Singapore Accounting Requirements Council, has additionally been reappointed for an extra time period of 1 12 months from Jun 1. He will even be re-appointed as chairman of the audit committee, MAS mentioned.
Mr Quek Gim Pew, senior R&D marketing consultant on the Ministry of Defence, has been re-appointed to the chance committee for an extra time period of three years from Jun 1, as a non-board member.