Board of Directors

The Monetary Authority of Singapore (MAS) has operational autonomy.  Under the MAS Act, the Board of Directors of MAS is appointed by the President. The Chairman of the Board is appointed by the President on the recommendation of the Cabinet. The Board of Directors is responsible for the policy and general administration of the affairs and business of MAS and informs the Government of the regulatory, supervisory and monetary policies of the MAS. The Board is ultimately accountable to the Parliament of Singapore through the Minister-in-charge of MAS.

Mr Tharman Shanmugaratnam

Chairman Photo of Minister Tharman

Deputy Prime Minister
Minister for Finance

Mr Lim Hng Kiang

Deputy Chairman Photo of Lim Hng Kiang

Minister for Trade & Industry

Mr Heng Swee Keat

Board Member Photo of Mr Heng Swee Keat

Minister for Education

Mr Lawrence Wong Shyun Tsai

Board Member Photo of Mr Lawrence Wong

Acting Minister for Culture, Community and Youth
Senior Minister of State (Communications and Information)

Mr Quek See Tiat

Board Member (Chairman of Audit Committee) Photo of Mr Quek

Chairman, Building and Construction Authority

Mr Lim Chee Onn

Board Member (Chairman of Risk Committee) Photo of Mr Lim Chee Onn

Senior International Advisor, Singbridge Private Ltd

Mr Peter Ong Boon Kwee

Board Member Photo of Mr Peter Wong

Permanent Secretary, Ministry of Finance

Professor Tan Chorh Chuan

Board Member Photo of Prof Tan

President, National University of Singapore

Mr Ravi Menon

Board Member Photo of Mr Ravi Menon

Managing Director, MAS

Senior Advisor to MAS

Mr Goh Chok Tong
Emeritus Senior Minister


Board Committees

Chairman's Meeting

The Chairman's Meeting makes decisions on major changes to the regulatory framework and supervisory policies.  The Meeting also approves major changes to policies and strategies relating to financial centre development, and international and regional relations. 


Monetary and Investment Policy Meeting

The Monetary and Investment Policy Meeting deliberates and decides on issues relating to the formulation and implementation of monetary policy with the objective of maintaining price stability for sustainable economic growth.  The Meeting also oversees the investment of MAS' reserves.


Audit Committee

The Audit Committee provides an independent assessment of MAS' internal controls and financial reporting process. The Committee also reviews the efforts of MAS' internal and external auditors.


Risk Committee

The Risk Committee provides oversight and guidance on the management of risks faced by MAS. The Committee oversees the MAS-wide risk management framework, and reviews MAS' risk management policies and the processes for reporting of risks.

Last Modified on 17/01/2013