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Singapore aligns with ASEAN in gender balance improvements



This year’s global Gender Balance Index (GBI), tracking 335 institutions, revealed only 14% of new leadership positions were filled by women. The Official Monetary and Financial Institutions Forum highlighted a missed opportunity in enhancing female leadership in 2023. The index includes 185 central banks, 50 leading commercial banks, 50 public pension funds, and 50 sovereign funds, with six Singaporean institutions measured. Singapore’s overall gender balance scores have improved over the past three years. Notably, the Central Provident Fund (CPF) saw significant progress, ranking 12th among pension funds, attributed to appointing two women in top roles. Among central banks, the Monetary Authority of Singapore (MAS) moderately improved, reflecting a broader trend where central banks have over 30% senior female staff for the first time.

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