Singapore Central Bank Managing Director Ravi Menon to Leave Monetary Authority of Singapore in 2023 after 36 Years Career Starting in 1987, Ministry of Manpower Permanent Secretary Chia Der Jiun a Prime Candidate to Succeed Ravi Menon
18th April 2023 | Singapore
Singapore central bank Monetary Authority of Singapore (MAS) Managing Director Ravi Menon has been reported to be leaving the central bank in 2023 after a 36 years career starting in 1987 (Source: Bloomberg). Ravi Menon was appointed Managing Director of the Monetary Authority of Singapore (MAS) in 2011, with the current term ending on 31st May 2023. Ravi Menon was previously Singapore Permanent Secretary at the Ministry of Trade & Industry (MTI) and Deputy Secretary at the Ministry of Finance (MOF). Current Singapore Ministry of Manpower Permanent Secretary Chia Der Jiun is a prime candidate to succeed Ravi Menon. (Chia Der Jiun, Age 51, joined the Monetary Authority of Singapore (MAS) in 2004 and held various management appointments in MAS before being appointed Deputy Managing Director , MAS in May 2019. He was also seconded to the International Monetary Fund in 2011 for two years as Executive Director for Southeast Asia.) More on Ravi Menon below.
” Singapore Central Bank Managing Director Ravi Menon to Leave Monetary Authority of Singapore in 2023 after 36 Years Career Starting in 1987, Ministry of Manpower Permanent Secretary Chia Der Jiun a Prime Candidate to Succeed Ravi Menon “
Singapore Central Bank Managing Director Ravi Menon to Leave Monetary Authority of Singapore in 2023 after 36 Years Career Starting in 1987
Ravi Menon began his career at MAS in 1987. During his 16 years in MAS, he was involved in monetary policy; econometric forecasting; organisational development; banking regulation and liberalisation; and integrated supervision of complex financial institutions. Ravi Menon spent a year at the Bank for International Settlements in Basel, as a member of the secretariat to the Financial Stability Forum. A recipient of the Singapore Government’s Meritorious Service Medal and Public Administration (Gold) Medal, Ravi Menon has served on a variety of boards in the public, private, and people sectors in Singapore. On the international front, Ravi Menon chairs the Network of Central Banks and Supervisors for Greening the Financial System. He is also a member of the Financial Stability Board (FSB) Steering Committee.
In 2011, Ravi Menon was appointed Managing Director of the Monetary Authority of Singapore (MAS). Prior, Ravi Menon was the Permanent Secretary at the Ministry of Trade & Industry (MTI) and Deputy Secretary at the Ministry of Finance (MOF).
Ravi Menon holds a Master’s in Public Administration from Harvard University and a Bachelor of Social Science (Honours) in Economics from the National University of Singapore.
Ministry of Manpower Permanent Secretary Chia Der Jiun
Chia Der Jiun, 51, joined the Monetary Authority of Singapore (MAS) in 2004 and held various management appointments in MAS before being appointed Deputy Managing Director (Corporate Development), MAS in May 2019. He was also seconded to the International Monetary Fund in 2011 for two years as Executive Director for Southeast Asia. Prior to MAS, Chia Der Jiun served in the Ministry of Trade and Industry, Public Service Division and Ministry of the Environment and Water Resources. Chia Der Jiun was appointed Second Permanent Secretary (Manpower) in October 2020. In 2022, Mr Chia D was re-designated as Permanent Secretary (Development), Ministry of Manpower
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