Chee Hong Tat appointed deputy chairman of MAS
Transport Minister Chee Hong Tat speaking in parliament.
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SINGAPORE: Second Minister for Finance Chee Hong Tat has been appointed as deputy chairman of the Monetary Authority of Singapore's (MAS) board of directors.
Mr Chee, who is also Transport Minister, will be in the role from Aug 23, 2024 to May 31, 2027, MAS announced on Monday (Jul 29).
He was appointed to the MAS Board on Jun 1.
The board is chaired by Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong.
Mr Gan was previously deputy chairman of the board – a role he served in since Jul 8, 2023 – before he took over as chairman from Prime Minister Lawrence Wong on May 15.
The other members of the MAS board are:
- Deputy Prime Minister Heng Swee Keat
- Minister of State for Trade and Industry as well as Culture, Community and Youth Alvin Tan
- Former Head of the Civil Service Peter Ong
- Chairman of NetLink NBN Management Chaly Mah
- Special Adviser in the Ministry of Trade and Industry Lim Hng Kiang
- Attorney-General Lucien Wong
- Retired partner at PWC Deborah Ong
- Managing partner at WongPartnership Ng Wai King
- MAS managing director Chia Der Jiun
Under the MAS Act, the board of directors is appointed by the President. The chairman is appointed by the President on the recommendation of the Cabinet.
The board is responsible for policy and general administration of MAS' affairs and business. It informs the government of its regulatory, supervisory and monetary policies. The board is accountable to parliament through the Minister-in-charge of MAS.
