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

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

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

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

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

 

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