SINGAPORE: Minister for Transport Chee Hong Tat has been appointed to the Monetary Authority of Singapore’s (MAS) board of directors, the central bank announced on Thursday (May 2).
Mr Chee, who is also Second Minister for Finance, was appointed for a three-year term that will run from Jun 1 until May 31, 2027, MAS said in a media release.
Five existing members of the MAS board have also been reappointed for three-year terms: Mr Heng Swee Keat, Mr Alvin Tan, Mr Peter Ong, Mrs Deborah Ong and Mr Ng Wai King,
Their terms will likewise run from Jun 1 until May 31, 2027.
One member of the board, Professor Tan Chorh Chuan, will step down from his position when his current term ends on May 31.
“Since his appointment to this role in June 2012, he has contributed actively at board discussions and as a key member of the Board Risk Committee,” MAS said.
In a statement, MAS chairman Lawrence Wong expressed the board’s appreciation for Prof Tan’s contributions.
“His clear thinking and ability to bring a systems view to complex problems was a tremendous asset for the MAS board,” he said
“He provided useful inputs that contributed to more robust decisions that enabled MAS to build stronger organisational capabilities in technology and risk management.”
Mr Wong, who is also Deputy Prime Minister and Finance Minister, helms the MAS board of directors with Minister for Trade and Industry Gan Kim Yong serving as deputy chairman.
The other members of the board are Mr Chaly Mah, Mr Lucien Wong and Mr Chia Der Jiun.
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