Second Minister for Finance and Transport Minister Chee Hong Tat has been appointed as the deputy chairman of the Monetary Authority of Singapore’s (MAS) board of directors.
His tenure will span from 23 August 2024 to 31 May 2027, as announced by MAS on Monday (29 July).
Mr Chee joined the MAS Board on 1 June.
The board is chaired by Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong, who took over from Prime Minister Lawrence Wong on 15 May. Mr Gan had served as deputy chairman since 8 July 2023.
Other MAS board members include:
- Deputy Prime Minister Heng Swee Keat
- Minister of State for Trade and Industry, and Culture, Community and Youth Alvin Tan
- Former Head of the Civil Service Peter Ong
- Chairman of NetLink NBN Management Chaly Mah
- Special Adviser in the Ministry of Trade and Industry Lim Hng Kiang
- Attorney-General Lucien Wong
- Retired partner at PWC Deborah Ong
- Managing partner at WongPartnership Ng Wai King
- MAS managing director Chia Der Jiun
Under the MAS Act, the board of directors is appointed by the President, with the chairman recommended by the Cabinet. The board oversees the policy and general administration of MAS’ affairs and business, informing the government of its regulatory, supervisory, and monetary policies. It is accountable to parliament through the Minister-in-charge of MAS.