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Lawrence Wong to be new MAS chairman, Gan Kim Yong to be deputy chairman

The Edge Singapore
·1-min read

Gan Kim Yong, Minister for Trade and Industry, will be appointed as the Deputy Chairman of MAS.

Deputy Prime Mininster and Finance Minister Lawrence Wong has beeen appointed the new chairman of the Monetary Authority of Singapore from July 8 to May 31 2026.

Wong is taking over from Senior Minister and Coordinating Minister for Social Policies, Tharman Shanmugaratnam, who will step down on July 8 to run for President. Tharman has served as Chairman of MAS for twelve years since May 2011.

Wong, slated to take over as the next prime minister, has been Deputy Chairman of MAS since June 1 2021. He had previously served as a member of the MAS Board from June 2011 to August 2016.

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In a separate statement, GIC announced that Wong is taking over from Tharman as Chairman of GIC’s Investment Strategies Committee, with effect from July 7.

In addition, Gan Kim Yong, Minister for Trade and Industry, will be appointed as the Deputy Chairman of MAS.

Other MAS board members are:
Heng Swee Keat, Deputy Prime Minister and Coordinating Minister for Economic Policies

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

Peter Ong (Chairman of Risk Committee), Chairman, Enterprise Singapore

Chaly Mah (Chairman of Audit Committee) Chairman, NetLink NBN Management

Lim Hng Kiang Special Advisor, 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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