SENIOR Minister Goh Chok Tong has been officially appointed chairman of the Monetary Authority of Singapore (MAS) with effect from yesterday for a period of two years.
Goh is the fifth MAS chairman since its establishment in 1971.
He replaces Prime Minister Lee Hsien Loong who served in the same capacity from January 1998.
Education Minister Tharman Shanmugaratnam will take over as deputy chairman from Trade and Industry Minister Lim Hng Kiang, who had held the position since January 2001.
Tharman spent most of his early working years at MAS, eventually becoming managing director before he entered politics in October 2001.
He has been a member of the board of directors since 2001.
MAS also announced the appointment of Heng Swee Keat, permanent secretary of the Trade and Industry Ministry, to its board of directors.
Heng's appointment will be for a term of two years, with effect from yesterday.
The remaining members of the MAS board of directors are Koh Yong Guan (managing director), Chan Seng Onn, Lim Chee Onn and Lim Siong Guan. – The Straits Times/ Asia News Network