Lawrence Wong, Singapore’s finance minister and deputy prime minister in Sept, 2021.
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The Financial Authority of Singapore (MAS) named Deputy Key Minister Lawrence Wong as chairman of its board of administrators effective July 8.
Wong, who is the country’s finance minister, will swap Tharman Shanmugaratnam, who held the part for 12 yrs considering the fact that Could 2011, the release mentioned.
MAS is the country’s economic regulator and central bank.
Wong, who was deputy chairman of MAS due to the fact June 2021, will provide as chairman right until May possibly 31, 2026, in accordance to the press release.
Singapore’s Minister for Trade and Market Gan Kim Yong will be appointed deputy chairman of the MAS Board for the exact same period of time, from July 8 to May well 31, 2026.
Singapore’s Straits Occasions index noticed a bounce shortly right after the announcement, paring before losses and last traded .33% greater.
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