Singapore, 1 June 2012... The Monetary Authority of Singapore (MAS) announced that Mr Lim Hng Kiang, Minister for Trade and Industry, has been re-appointed to MAS' Board of Directors, as Deputy Chairman, for a further period of two years with effect from 1 June 2012.

2   Professor Tan Chorh Chuan, President, National University of Singapore, has also been appointed to its Board of Directors, for a two-year period from 1 June 2012. Professor Tan is also the Deputy Chairman of the Agency for Science, Technology and Research (A*STAR), and current Chair of the International Alliance of Research Universities.

3   Mr Teo Ming Kian, Chairman, Mediacorp Pte Ltd, stepped down from the Board from 1 June 2012.  MAS is grateful to Mr Teo for his active contributions on the Board over the last five and a half years.

4   The members of the MAS Board of Directors are listed in the Annex.

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Annex

Board of Directors of the Monetary Authority of Singapore
(with effect from 1 June 2012)

Mr Tharman Shanmugaratnam (Chairman)
Deputy Prime Minister;
Minister for Finance;
Minister for Manpower

Mr Lim Hng Kiang (Deputy Chairman)
Minister for Trade and Industry

Mr Heng Swee Keat
Minister for Education

Mr Lawrence Wong Shyun Tsai
Minister of State for Ministry of Education;
Minister of State for Ministry of Defence

Mr Lim Chee Onn
Senior International Adviser
Singbridge Private Ltd

Mr Lucien Wong Yuen Kuai
Managing Partner, Allen & Gledhill

Mr Peter Ong Boon Kwee
Permanent Secretary, Ministry of Finance

Mr Sundaresh Menon
Attorney-General

Professor Tan Chorh Chuan
President, National University of Singapore

Mr Ravi Menon
Managing Director, MAS