Singapore, 29 August 2016... The Monetary Authority of Singapore (MAS) today announced that Mr Ong Ye Kung, Acting Minister for Education (Higher Education and Skills) and Senior Minister of State, Ministry of Defence, will be appointed to its Board of Directors. Mr Ong’s term of appointment will be from 29 August 2016 to 31 May 2019.   

2   Prior to his Cabinet appointments, Mr Ong held the position of Director of Group Strategy at Keppel Corporation, overseeing long term strategic planning of the Group’s activities. Before joining Keppel Corporation, he was the Deputy Secretary-General of National Trades Union Congress, overseeing the Labour Movement’s employment and employability programmes.

3   Mr Lawrence Wong Shyun Tsai, Minister for National Development, will be stepping down from the MAS Board on 29 August 2016. Mr Wong was appointed to the MAS Board on 10 June 2011, and has served as an active member of the MAS Board for more than five 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
(as of 29 August 2016)

Mr Tharman Shanmugaratnam (Chairman)
Deputy Prime Minister and Coordinating Minister for Economic and Social Policies 

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

Mr Heng Swee Keat
Minister for Finance

Mr Ong Ye Kung
Acting Minister for Education (Higher Education and Skills) and Senior Minister of State, Ministry of Defence

Mr Quek See Tiat
Deputy President, Council for Estate Agencies

Mr Lim Chee Onn
Senior International Advisor, Ascendas-Singbridge Group

Mr Peter Ong Boon Kwee
Head, Civil Service and Permanent Secretary (Prime Minister’s Office)(Strategy)

Professor Tan Chorh Chuan
President, National University of Singapore

Mr V K Rajah
Attorney-General, Attorney-General's Chambers

Mr Ravi Menon
Managing Director, MAS