SINGAPORE - Deputy Prime Minister and Finance Minister Lawrence Wong will succeed Senior Minister Tharman Shanmugaratnam as the chairman of both the Monetary Authority of Singapore and a committee in the GIC.
The MAS announced on Monday that Mr Wong’s appointment will take effect on July 8 and run till May 31, 2026. Mr Wong has been theMr Tharman, who is the Coordinating Minister for Social Policies, hasTrade and Industry Minister Gan Kim Yong will be appointed deputy chairman from July 8 to May 31, 2026.
Separately, the GIC announced on Monday that Mr Wong will be appointed the chairman of its investment strategies committee from July 7. This follows Mr Tharman’s resignation as GIC’s deputy chairman and the committee’s chairman. Mr Wong has been a GIC board director since November 2018 and a member of the investment strategies committee since August 2017.The committee assists the GIC board in evaluating its management’s recommendations on asset allocation, and its oversight of overall portfolio performance.from all his positions in the Government and that he will be putting himself forward as a candidate for the upcoming presidential election.
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