congratulation to GFN Ravi Menon, promoted to managing director of MAS
MAS to get new managing director
By Mustafa Shafawi | Posted: 30 March 2011 1747 hrs
SINGAPORE: The Monetary Authority of Singapore (MAS) has announced that Mr Ravi Menon will be appointed managing director with effect from Saturday.
He will take over from Mr Heng Swee Keat, who will retire from the Administrative Service on April 2.
MAS said in a statement that Mr Heng has made significant contribution since he joined the organisation as Managing Director on June 1, 2005.
It said under his leadership, MAS strengthened supervision of financial institutions in Singapore as well as its financial stability, surveillance, research and risk management capabilities.
MAS also expanded its engagement with international organisations as well as with central banks in the region.
During the global financial crisis and recession, Mr Heng led MAS in managing the impact of external shocks to the Singapore economy and financial system.
Mr Heng will continue as a director on the MAS board.
His successor, Mr Menon is currently Permanent Secretary of the Trade and Industry Ministry.
MAS to get new managing director
By Mustafa Shafawi | Posted: 30 March 2011 1747 hrs
SINGAPORE: The Monetary Authority of Singapore (MAS) has announced that Mr Ravi Menon will be appointed managing director with effect from Saturday.
He will take over from Mr Heng Swee Keat, who will retire from the Administrative Service on April 2.
MAS said in a statement that Mr Heng has made significant contribution since he joined the organisation as Managing Director on June 1, 2005.
It said under his leadership, MAS strengthened supervision of financial institutions in Singapore as well as its financial stability, surveillance, research and risk management capabilities.
MAS also expanded its engagement with international organisations as well as with central banks in the region.
During the global financial crisis and recession, Mr Heng led MAS in managing the impact of external shocks to the Singapore economy and financial system.
Mr Heng will continue as a director on the MAS board.
His successor, Mr Menon is currently Permanent Secretary of the Trade and Industry Ministry.