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MAS appoints Ong Ye Kung to board, Lawrence Wong steps down

Michelle Zhu Published on Mon, Aug 29, 2016 / 10:59 AM GMT+8

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SINGAPORE (Aug 29): Monetary Authority of Singapore (MAS) today announced its new appointment of Ong Ye Kung, Acting Minister for Education (Higher Education and Skills) and Senior Minister of State, Ministry of Defence, to its board of directors – as well as the stepping down of Lawrence Wong, Minister for National Development.

In a Monday statement, MAS states that Ong’s term of appointment will last until 31 May, 2019.

Before joining the Cabinet, Ong was the director of group strategy at Keppel Corporation, overseeing long-term strategic planning of the group’s activities. Prior to that, he served as the deputy secretary-general of National Trades Union Congress to oversee the Labour Movement’s employment and employability programmes.