LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
Screenshot of a breaking news alert e-mail from Q2 2017
The Monetary Authority of Singapore (MAS) has announced the new appointment of Mr Chaly Mah and the re-appointment of five existing members to the MAS Board of Directors. In addition, Mr Quek Gim Pew has been appointed as a non-Board member of MAS’ Board Risk Committee.
Mr Chaly Mah, Chairman of NetLink NBN Management Pte Ltd, will be appointed as a member of the MAS Board. He was formerly Chief Executive Officer of Deloitte Asia Pacific and Deloitte Southeast Asia and Chairman of Deloitte Singapore. Mr Mah’s term of appointment will be from 1 May 2018 to 31 May 2020.
Deputy Prime Minister and Coordinating Minister for Economic and Social Policies, Mr Tharman Shanmugaratnam, will be re-appointed as Chairman of the MAS Board. The following four members of the MAS Board will also be re-appointed:
- Mr Heng Swee Keat, Minister for Finance;
- Mr Quek See Tiat, President of the Council for Estate Agencies;
- Mr Peter Ong, Chairman of Enterprise Singapore; and
- Professor Tan Chorh Chuan, Chief Health Scientist of the Ministry of Health.
These re-appointments will be from 1 June 2018 to 31 May 2021.
Mr Quek will be re-appointed as Chairman of the Audit Committee. Mr Ong will be appointed as Chairman of the Risk Committee with effect from 1 June 2018, taking over from Mr Lim Chee Onn.
Mr Lim Chee Onn, Senior International Advisor at Ascendas-Singbridge Pte Ltd, will be stepping down from the MAS Board and as Chairman of the Risk Committee on 31 May 2018. Mr Tharman Shanmugaratnam, Chairman of the MAS Board, said:
Mr Lim served as an active member of the MAS Board for more than 14 years. As Chairman of the Risk Committee, Mr Lim played an important role in strengthening MAS’ risk management framework and crisis management preparedness. We thank Mr Lim for his invaluable contributions.
Mr Quek Gim Pew, Chief Defence Scientist at MINDEF, will be appointed to the Risk Committee, from 1 May 2018 to 31 May 2021, as a non-Board member. Mr Quek’s specialist expertise and deep experience in technology and cyber risk management will help to enhance MAS’ capabilities in these areas.