Singapore, 31 May 2006... Mr Lim Hng Kiang, Minister for Trade and Industry, has been appointed Deputy Chairman of the Monetary Authority of Singapore (MAS) with effect from 1 June 2006. Mr Lim's appointment will be for two years. Mr Lim takes over from Mr Tharman Shanmugaratnam, Minister for Education and Second Minister for Finance. Mr Shanmugaratnam will remain a member of the MAS' Board.
2 Mr Lim was first appointed to the MAS' Board on 1 May 1998. He assumed the post of Deputy Chairman, MAS on 1 January 2001 while he was also Second Minister for Finance. He relinquished the posts of Second Minister for Finance and Deputy Chairman, MAS on 20 August 2004 when he was appointed Minister for Trade and Industry.