Tharman reappointed MAS chairman; Chaly Mah to join board as Lim Chee Onn retires

Singapore

Mr Lim, a former Cabinet minister, will retire from the MAS board and step down as chairman of the risk committee on May 31.

Said Mr Tharman: "Mr Lim served as an active member of the MAS board for more than 14 years. As chairman of the risk committee, Mr Lim played an important role in strengthening MAS's risk management framework and crisis management preparedness."

Along with Mr Tharman, four members of the MAS board have also been reappointed from June 1, 2018, to May 31, 2021. They include Finance Minister Heng Swee Keat; president of the Council for Estate Agencies Quek See Tiat; Enterprise Singapore chairman Peter Ong; and chief health scientist at the Ministry of Health, Tan Chorh Chuan.

Mr Quek will be reappointed as chairman of the audit committee, while Mr Ong succeeds Mr Lim as chairman of the risk committee, effective June 1.

Also joining the MAS board is Singapore Tourism Board chairman and Netlink NBN Management chairman Chaly Mah. NetLink NBN Management is the trustee-manager of listed NetLink NBN Trust, which owns and operates the passive fibre network infrastructure of Singapore's Next Gen NBN (National Broadband Network).

Mr Mah served in Deloitte for over 38 years before retiring on May 31, 2016. He was formerly CEO of Deloitte South-east Asia, and chairman of Deloitte Singapore. His term of appointment on the MAS board will be from May 1, 2018, to May 31, 2020.

Quek Gim Pew, chief defence scientist at the Ministry of Defence, will also be appointed to the risk committee as a non-board member from May 1, 2018, to May 31, 2021.

Said the MAS: "Mr Quek's specialist expertise and deep experience in technology and cyber risk management will help to enhance MAS's capabilities in these areas."