Singapore Deputy Prime Minister Lawrence Wong will become chairman of the central bank as well as the investment strategies committee of the sovereign wealth fund GIC Pte, according to separate statements Monday.
Wong, who is also the city’s finance minister, is succeeding Tharman Shanmugaratnam at both the Monetary Authority of Singapore and GIC. His MAS appointment will be from July 8 to May 31, 2026 and his GIC role is effective July 7. Wong, broadly seen as the prime minister-in-waiting, has been deputy chairman of MAS since June 2021.
Tharman, a former deputy prime minister, announced his decision in June to leave all government positions to contest an upcoming presidential election in the city-state. He has been MAS chairman since 2011.
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