MAS expands Sustainability Group, appoints new Chief Sustainability Officer
Singapore, 13 October 2022...The Monetary Authority of Singapore (MAS) announced today that Ms Gillian Tan will be appointed Chief Sustainability Officer from 17 October 2022, in addition to her current role as Assistant Managing Director (Development & International). MAS’ current Chief Sustainability Officer, Dr Darian McBain, will leave MAS in December 2022 to pursue other interests. She will assume an advisory role from 17 October 2022 until her departure from MAS.
2Ms Tan will lead an expanded Sustainability Group (SG) that will enable more coherent strategy development and tighter coordination across MAS’ various sustainability initiatives which have grown significantly in scope in the last two years. SG will work closely with the Development and International Group to build a vibrant sustainable finance ecosystem and catalyse the region’s net zero transition, and with the Financial Supervision Group to strengthen the climate resilience of Singapore’s financial services sector. SG will coordinate MAS’ growing involvement in global and regional sustainable finance forums and work with the rest of the Singapore Government to achieve Singapore’s enhanced climate change and sustainability ambitions.
3In her current role as Assistant Managing Director (Development & International), Ms Tan oversees strategies to develop Singapore as an international financial centre, including sustainable finance capabilities and solutions. She also chairs the ASEAN Taxonomy Board work group developing the ASEAN Taxonomy Plus Standards and serves on the Advisory Board of the Singapore Green Finance Centre.
4Mr Ravi Menon, Managing Director, MAS, said, “Promoting sustainable finance and climate resilience have grown significantly in the last two years as areas of priority for MAS. MAS is grateful to Darian for leading our Sustainability Group, fronting our engagements with external stakeholders, and contributing to the growth of Singapore’s sustainable finance ecosystem. She was instrumental in the setting up of the ESG Impact Hub. I wish Darian every success in her future endeavours, and look forward to Gillian taking MAS’ sustainability work to the next level.”