Continue reading this on our app for a better experience

Open in App
Floating Button
Home News Banking & finance

Contrary to earlier report, Ravi Menon to stay on at MAS for two more years

Goola Warden
Goola Warden • 2 min read
Contrary to earlier report, Ravi Menon to stay on at MAS for two more years
Photo: Albert Chua
Font Resizer
Share to Whatsapp
Share to Facebook
Share to LinkedIn
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

The Monetary Authority of Singapore (MAS) announced on May 12 that Managing Director Ravi Menon will be re-appointed as managing director of MAS and a member of the MAS Board for a further term of two years, from June 1 to May 31, 2025.

Menon will serve as Managing Director until May 31, 2025 or his retirement from the Singapore Public Service, whichever is earlier.

He was appointed to this role back in 2011, making him the longest-serving MAS MD.

Lucien Wong, Attorney-General, and Chaly Mah, Chairman of NetLink NBN Management, will be re-appointed to the MAS Board for a further term of three years from June 1 to May 31, 2026. Mah will also be re-appointed as Chairman of the Audit Committee for the same duration.

Emeritus Senior Minister Goh Chok Tong will step down from his position as senior advisor to MAS.

See also: MAS's Ravi Menon set to leave

See also: Banks in Singapore can withstand multiple shocks: MAS

With effect from June 1, the board of MAS consists of:

Chairman, Tharman Shanmugaratnam, Senior Minister and Coordinating Minister for Social Policies

Deputy chairman Lawrence Wong, Deputy Prime Minister and Minister for Finance

See also: Deutsche Bank completes sale for US$1 bil US CRE loan portfolio

Heng Swee Keat, Deputy Prime Minister and Coordinating Minister for Economic Policies. Heng is a former MD of MAS.

Alvin Tan Minister of State, Ministry of Trade and Industry and Ministry of Culture, Community and Youth

Chairman of Risk Committee Peter Ong, who is Chairman, Enterprise Singapore

Chairman of Audit Committe, Chaly Mah, who is Chairman, NetLink NBN Management

Lim Hng Kiang, Special Advisor at Ministry of Trade and Industry

Professor Tan Chorh Chuan Chief Health Scientist, Ministry of Health and Executive Director, MOH Office for Healthcare Transformation

Lucien Wong Attorney-General, Attorney-General’s Chambers Deborah Ong Retired Partner, PricewaterhouseCoopers

Ng Wai King Managing Partner, WongPartnership

Ravi Menon Managing Director, MAS

×
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
© 2024 The Edge Publishing Pte Ltd. All rights reserved.