Singapore, 31 May 2022... The Monetary Authority of Singapore (MAS) announced the re-appointment of Mr Lim Hng Kiang to the MAS Board of Directors and the appointment of Mr Chaly Mah as Chair of its Audit Committee.

2. Mr Lim, Special Advisor, Ministry of Trade and Industry, has been re-appointed to the MAS Board for a further term of three years, from 1 June 2022 to 31 May 2025.

3. Mr Quek See Tiat, President of the Council for Estate Agencies and Chairman of the Singapore Accounting Standards Council, will step down from the MAS Board after serving for nine years when his term ends on 31 May 2022. Mr Mah, member of the MAS Board and Chairman, NetLink NBN Management Pte Ltd, will succeed him as Chair of the Audit Committee.

4. Mr Tharman Shanmugaratnam, Chairman of the MAS Board, said, “We deeply appreciate Mr Quek’s contributions to the MAS Board over the past nine years. As Chair of MAS Audit Committee, Mr Quek has also provided valuable guidance on MAS' internal controls and financial reporting processes.”

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

*****

Annex

Board of Directors of the Monetary Authority of Singapore
(with effect from 1 June 2022)

Mr Tharman Shanmugaratnam (Chairman)
Senior Minister and Coordinating Minister for Social Policies

Mr Lawrence Wong (Deputy Chairman)
Minister for Finance

Mr Heng Swee Keat
Deputy Prime Minister and Coordinating Minister for Economic Policies 

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

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

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

Mr 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

Mr Lucien Wong
Attorney-General, Attorney-General’s Chambers

Mrs Deborah Ong
Retired Partner, PricewaterhouseCoopers LLP  

Mr Ng Wai King
Managing Partner, WongPartnership

Mr Ravi Menon
Managing Director, MAS