Transport Minister Chee Hong Tat appointed to MAS Board of Directors, term begins on 1 June

Transport Minister Chee Hong Tat to join MAS Board of Directors

Minister for Transport Chee Hong Tat has been appointed to the Monetary Authority of Singapore (MAS) Board of Directors.

His appointment will last for three years starting this June, MAS said in a media release on Thursday (2 May).

Additionally, five other existing members were re-appointed as board members for a further term of three years.

Chee Hong Tat will serve from 1 June 2024 to 31 May 2027

From 1 June 2024 to 31 May 2027, Mr Chee will serve his term as a member of the MAS Board.

He was appointed Minister for Transport and Second Minister for Finance on 18 January. His previous finance-related roles included his appointment as Senior Minister of State for Finance in 2022.

Five existing board members will also continue to serve for the same period as Mr Chee.

The members are Mr Heng Swee Keat, Mr Alvin Tan, Mr Peter Ong, Mrs Deborah Ong, and Mr Ng Wai King.

Former NUS Professor will step down as board member on 31 May

On 31 May, former National University of Singapore (NUS) Professor Tan Chorh Chuan will step down as a board member.

Deputy Prime Minister (DPM) Lawrence Wong, who is also the Board’s chairman, expressed gratitude for Professor Tan’s contributions.

“His clear thinking and ability to bring a systems view to complex problems was a tremendous asset for the MAS Board,” Mr Wong said.

“He provided useful inputs that contributed to more robust decisions that enabled MAS to build stronger organisational capabilities in technology and risk management.”

With effect from 1 June, the list of MAS Board of Directors and their designations include:

• Mr Lawrence Wong — DPM and Minister for Finance
• Mr Gan Kim Yong — Minister for Trade and Industry
• Mr Heng Swee Keat — DPM and Coordinating Minister for Economic Policies
• Mr Chee Hong Tat — Minister for Transport and Second Minister for Finance
• Mr Alvin Tan — Minister of State for Trade and Industry and for Culture, Community and Youth
• Mr Peter Ong —Former head of civil service (Chairman of Risk Committee)
• Mr Chaly Mah — Chairman of NetLink NBN Management Pte Ltd (Chairman of Audit Committee)
• Mr Lucien Wong — Attorney-General of Attorney-General’s Chambers
• Mrs Deborah Ong — Retired partner of PricewaterhouseCoopers LLP

Also read: Chee Hong Tat Is S’pore’s 2nd Youngest Transport Minister After Taking Iswaran’s Place

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Featured image adapted from Chee Hong Tat 徐芳达 on Facebook and  George Johnson via Central Banking.