Singapore's Transport Minister Chee Hong Tat appointed to MAS board

SINGAPORE: The Monetary Authority of Singapore (MAS) announced on Thursday (2 May) that Minister for Transport Chee Hong Tat has been appointed to its board of directors.

Mr Chee, who also serves as the Second Minister for Finance, will hold this position for a three-year term starting from 1 June until 31 May 2027, according to MAS's media release.

Additionally, five current members of the MAS board have been reappointed for three-year terms, commencing on June 1 and concluding on May 31, 2027.

These members include Mr Heng Swee Keat (Deputy Prime Minister and Coordinating Minister for Economic Policies), Mr Alvin Tan (Minister of State for Trade and Industry and Minister of State for Culture, Community, and Youth), Mr Peter Ong (former chairman of Enterprise Singapore), Mrs Deborah Ong, and Mr Ng Wai King.

DPM and Minister for Finance Lawrence Wong, and Minister for Trade and Industry Mr Gan Kim Yong, is also the Chairman and Deputy Chairman of MAS.

However, Professor Tan Chorh Chuan, former president of the National University of Singapore, will step down from his position when his current term ends on 31 May.

MAS acknowledged Prof. Tan's significant contributions since his appointment in June 2012, particularly in board discussions and as a key member of the Board Risk Committee.

MAS chairman Lawrence Wong expressed the board's gratitude for Prof. Tan's clear thinking and systemic approach to complex issues, which greatly benefited MAS's decision-making processes, especially in enhancing organizational capabilities in technology and risk management.

From 1 June, the MAS board comprises:

• Lawrence Wong


• Gan Kim Yong


• Heng Swee Keat


• Chee Hong Tat


• Alvin Tan


• Peter Ong (former head of civil service)


• Chaly Mah (chairman of NetLink NBN Management)


• Lucien Wong (Attorney-General of Attorney-General’s Chambers)


• Deborah Ong (retired partner of PricewaterhouseCoopers)


• Ng Wai King (managing partner, WongPartnership)


• Chia Der Jiun (managing director of MAS)