12/05/23

SINGAPORE: Ravi Menon to lead MAS for two more years.

As published on yahoo.com, Friday 12 May, 2023.

Singapore's central bank chief Ravi Menon has been reappointed as its managing director and a member of the board for a further term of two years from 1 June to 31 May 2025, the Monetary Authority of Singapore (MAS) announced on Friday (12 May).

The new contract will put Menon, whose term was to end on 31 May 2023, on the seat until 31 May 2025 or his retirement from the Singapore Public Service, whichever is earlier.

Menon, who turns 59 this year, first joined MAS in 1987 and has been at the helm since 2011, making him the longest serving MAS managing director.

MAS also announced the reappointment of Attorney-General Lucien Wong and Chaly Mah, chairman of NetLink NBN Management Pte Ltd, to the MAS board for a further term of three years from 1 June to 31 May 2026.

Mah will also be re-appointed as chairman of the Audit Committee, which provides an independent assessment of MAS' internal controls and financial reporting processes, for the same duration.

Emeritus Senior Minister Goh Chok Tong will step down from his position as senior advisor to MAS from 21 May. Prior to this, the former Prime Minister served as chairman of the MAS Board from 20 August 2004.