The Monetary Authority of Singapore, the city-state's financial regulator and central bank, has named Deputy Prime Minister Lawrence Wong as chairman of its board of directors effective July 8. Wong, who is the country's finance minister, will replace Tharman Shanmugaratnam, who held the role for 12 years since May 2011, the release said. Wong, who was deputy chairman of MAS since June 2021, will serve as chairman until May 31, 2026, according to the press release. He previously served as a member of the MAS Board from June 2011 to August 2016. Singapore's Minister for Trade and Industry Gan Kim Yong will be appointed deputy chairman of the MAS Board for the same period, from July 8 to May 31, 2026.

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Persons: Lawrence Wong, Wong, Tharman Shanmugaratnam, Shanmugaratnam, Industry Gan Kim Yong Organizations: Monetary Authority of, MAS, Singapore's, Trade, Industry, MAS Board, CNBC Locations: Monetary Authority of Singapore, Singapore