Singapore names deputy PM Wong as Chair of money authority and GIC committee

Singapore Deputy Prime Minister Lawrence Wong. - Photo from The Straits Times/ANN

SINGAPORE (Bloomberg): Singapore Deputy Prime Minister Lawrence Wong will become chairman of the central bank as well as the investment strategies committee of the sovereign wealth fund GIC Pte, according to separate statements Monday.

Wong, who is also the city’s finance minister, is succeeding Tharman Shanmugaratnam at both the Monetary Authority of Singapore and Government of Singapore Investment Corporation (GIC).