Singapore’s financial regulator The Monetary Authority of Singapore (MAS) has announced the appointment of Chee Hong Tat, Minister for Transport and Deputy Minister for Finance, to its Board of Directors. MAS also reappointed five existing members to the MAS Board.
Minister Chee’s appointment will be for a three-year term, from 1 June 2024 to 31 May 2027.
Heng Swee Keat, Alvin Tan, Peter Ong, Deborah Ong and Ng Wai King will be reappointed as MAS board members for a further term of three years from 1 June 2024 to 31 May 2027.
Professor Tan Chorh Chuan will step down as a member of the MAS Board at the end of his current term on 31 May 2024. Since his appointment to this role in June 2012, he has actively contributed to the board’s deliberations and as a key member of the Risk Committee of the Board of Directors.
Lawrence Wong, Chairman of the Board of MAS, said:
“We deeply appreciate Professor Tan’s contributions to the MAS Board of Directors over the past 12 years. His clear thinking and ability to bring a systems view to complex problems has been a tremendous asset to the MAS Board of Directors. It provided actionable insights that contributed to more robust decisions that enabled MAS to build stronger organizational capabilities in technology and risk management.”