Singapore Reappoints Gan Kim Yong as MAS Chairman

Singapore will reappoint Deputy Prime Minister Gan Kim Yong as chairman of the Monetary Authority of Singapore for another three-year term from June 1, reinforcing continuity at the city-state’s central bank and financial regulator.

The MAS chairman reappointment announcement also confirmed that managing director Chia Der Jiun will continue as a board member for a further two years.

Attorney-General Lucien Wong will also serve another three-year term, while Chaly Mah, chairman of NetLink NBN Management, has been reappointed for a final one-year term and will remain chairman of the audit committee.

MAS additionally named Ong Pang Thye, vice-chairman of the Singapore Business Federation and former managing partner of KPMG Singapore, as a new director for a three-year term.

Ong also serves on the boards of Temasek, Singapore Power and MOH Holdings.

The board changes come as Singapore continues strengthening its position as a leading Asian financial and wealth management centre amid rising geopolitical and regulatory uncertainty.