Ravi Menon, currently deputy managing director, replaces Heng Swee Keat, who is to retire next month after almost six years in the role.
In announcing Heng’s retirement, the MAS highlighted his record, in particular noting his role in raising the international profile of Singapore’s as a well-regulated financial centre. Increased engagement with international organisations such as the IMF and Financial Stability Board, was also attributed to Heng’s efforts.
His role in minimising the affects of the financial crisis on Singapore was cited, as was carrying through a restructure of the MAS and establishing the MAS Academy training facility.
Heng will remain on the MAS board of directors.
Menon began his MAS career in 1987, becoming deputy managing director in 2002. He has also had spells at the Ministry of Finance, to which he was seconded in the role of deputy secretary for policy, and in 2009 became Singapore’s permanent secretary for trade and industry.
