Monetary Authority of Singapore Managing Director Ravi Menon
Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more



This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.










Singapore MAS Announced Appointment of Chia Der Juin as Managing Director, Succeeds Ravi Menon after 29 Years at MAS & Retiring from Singapore Public Service

6th September 2023 | Hong Kong

The Monetary Authority of Singapore (MAS) has announced the appointment of Chia Der Juin as Managing Director, succeeding Ravi Menon after 29 years at MAS & retiring from Singapore public service.  Singapore MAS: “The Monetary Authority of Singapore (MAS) announced today that the President of the Republic of Singapore has appointed Mr Chia Der Jiun as Managing Director (Designate), MAS from 1 November 2023 to 31 December 2023, and as Managing Director, MAS from 1 January 2024 to 31 May 2026.  Mr Chia will also be appointed a Director on the MAS Board on 1 January 2024.  Mr Chia takes over from Mr Ravi Menon, who will retire from the Singapore Public Service and step down as Managing Director, MAS as well as from the MAS Board on 31 December 2023. Mr Chia, who is currently Permanent Secretary (Development) at the Ministry of Manpower (MOM), had previously spent 18 years at MAS, where he played a leadership role across MAS’ major functions, including monetary policy implementation, reserve management, banking supervision, prudential policy, and macroeconomic surveillance.”  Singapore MAS on Ravi Menon: “The board of directors, management and staff of MAS thank Mr Menon for his visionary leadership as MAS’ Managing Director since 2011 and outstanding contributions during his 29 years with MAS. During his first 16 years in MAS (1987-2003), Mr Menon was involved in monetary policy, macroeconomic analysis, organisational development, banking regulation, and integrated supervision of complex financial institutions … … During the COVID-19 economic crisis, Mr Menon was instrumental in the swift introduction of innovative response measures, including new liquidity backstop facilities, low-cost funding for banks to better support SMEs, credit and insurance reliefs for individuals and SMEs, and schemes to accelerate digitalisation and workforce training in the financial sector.  Mr Menon has been actively involved in shaping the international financial regulatory agenda. He is Chairman of the Network for Greening the Financial System, an international coalition of more than 125 central banks and financial regulators, and a member of the G20 Financial Stability Board (FSB) Steering Committee. He previously chaired the FSB Standing Committee on Standards Implementation (2013-2017) and the International Monetary and Financial Committee Deputies Meetings (2011-2015).”  Earlier in April 2023, Ravi Menon had been reported to be leaving the central bank in 2023 after a 36 years career starting in 1987.  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.)  See below for more info:

“ Singapore MAS Announced Appointment of Chia Der Juin as Managing Director, Succeeds Ravi Menon after 29 Years at MAS & Retiring from Singapore Public Service “

 



- Article continues below -



Sign Up
Basic Member: $5 Monthly | $60 Yearly
Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680)


The 2024 Investment Day
23rd July Hong Kong | 25th July Singapore

Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Taking place on 23rd July 2024 in Hong Kong, 25th July 2024 in Singapore.
Visit | Register here


The 2024 Family Office Summit
16th Oct Hong Kong | 23rd Oct Singapore

Join 80 single family offices & family office professionals in Hong Kong & Singapore
Links: 2024 Family Office Summit | Register here





 

Singapore MAS Announced Appointment of Chia Der Juin as Managing Director, Succeeds Ravi Menon after 29 Years at MAS & Retiring from Singapore Public Service

Monetary Authority of Singapore Managing Director Ravi Menon
  • Mr Chia Der Jiun to be appointed Managing Director of MAS

4th September 2023 – The Monetary Authority of Singapore (MAS) announced today that the President of the Republic of Singapore has appointed Mr Chia Der Jiun as Managing Director (Designate), MAS from 1 November 2023 to 31 December 2023, and as Managing Director, MAS from 1 January 2024 to 31 May 2026.  Mr Chia will also be appointed a Director on the MAS Board [1] on 1 January 2024.

Mr Chia takes over from Mr Ravi Menon, who will retire from the Singapore Public Service and step down as Managing Director, MAS as well as from the MAS Board on 31 December 2023.

Mr Chia, who is currently Permanent Secretary (Development) at the Ministry of Manpower (MOM), had previously spent 18 years at MAS, where he played a leadership role across MAS’ major functions, including monetary policy implementation, reserve management, banking supervision, prudential policy, and macroeconomic surveillance.

During his first 10 years in MAS, Mr Chia played a key role in developing and implementing policies to restructure the local banking groups and to liberalise the banking sector. He was instrumental in the set-up of the Singapore Deposit Insurance Corporation.  During the Global Financial Crisis in 2008, Mr Chia led the conduct of financial stability assessments.  In 2011, he was seconded to the International Monetary Fund (IMF) for two years as Executive Director for Southeast Asia, where he contributed to Board discussions and decisions on issues such as capital flow management, IMF financing programmes, and financial stability assessments.

In 2013, Mr Chia was appointed Assistant Managing Director (Markets & Investment), and he subsequently led the review of the asset allocation of the Official Foreign Reserves. In 2019, Mr Chia was appointed Deputy Managing Director (Corporate Development). He strengthened the operational resilience of the national payment systems (GIRO, FAST, MEPS+) during the COVID-19 pandemic. He led the effort to transform MAS’ technology architecture and corporate functions.

Mr Chia has extensive experience in the broader Public Service. Prior to his stint in MAS, he served in the Ministry of Trade and Industry, Public Service Division, and the then-Ministry of the Environment and Water Resources. Mr Chia was appointed Second Permanent Secretary at MOM in 2020 and redesignated as Permanent Secretary (Development) at MOM in 2022.

The board of directors, management and staff of MAS thank Mr Menon for his visionary leadership as MAS’ Managing Director since 2011 and outstanding contributions during his 29 years with MAS. During his first 16 years in MAS (1987-2003), Mr Menon was involved in monetary policy, macroeconomic analysis, organisational development, banking regulation, and integrated supervision of complex financial institutions.

As Managing Director, Mr Menon has been the driving force behind MAS’ initiatives to make Singapore’s financial sector more resilient, innovative, and purposeful.

  • Mr Menon led the reform of Singapore’s financial regulatory framework following the global financial crisis, strengthened the enforcement regime against money laundering and market misconduct, and developed MAS’ macroprudential policies to ensure a sustainable property market.
  • Mr Menon played a pivotal role in positioning Singapore as a leading FinTech hub.  He steered the growth of Singapore’s electronic payment ecosystem, initiated a regulatory sandbox to promote experimentation, and oversaw the introduction of digital banking licences.
  • As Chairman of the Institute of Banking & Finance, Mr Menon worked closely with industry leaders to strengthen skills upgrading, career conversion programmes, and leadership development in the financial sector workforce.
  • Mr Menon spearheaded policies and strategies to build the financial sector’s resilience to the risks posed by climate change and to develop a vibrant sustainable finance ecosystem in Singapore to help catalyse the region’s decarbonisation.

During the COVID-19 economic crisis, Mr Menon was instrumental in the swift introduction of innovative response measures, including new liquidity backstop facilities, low-cost funding for banks to better support SMEs, credit and insurance reliefs for individuals and SMEs, and schemes to accelerate digitalisation and workforce training in the financial sector.

Mr Menon has been actively involved in shaping the international financial regulatory agenda. He is Chairman of the Network for Greening the Financial System, an international coalition of more than 125 central banks and financial regulators, and a member of the G20 Financial Stability Board (FSB) Steering Committee. He previously chaired the FSB Standing Committee on Standards Implementation (2013-2017) and the International Monetary and Financial Committee Deputies Meetings (2011-2015).

Under Mr Menon’s leadership, MAS has won several international accolades, including being named in 2019 by the UK-based publication Central Banking as the Central Bank of the Year, for its “pioneering FinTech efforts combined with its consistency of performance in monetary policy, financial stability, and supervision”.

The members of the MAS Board of Directors are listed in the Annex (117.9 KB)

 

 

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 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

Monetary Authority of Singapore Managing Director Ravi Menon

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




Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.

Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more.  List hard-to-find financial & private wealth services.

Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]

Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?



Quick Links


2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


For Investors | Professionals | Executives
Latest data, reports, insights, news, events & programs
Everyday at 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

Register Below

For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Sign Up / Register


    Investment ProfessionalAdvisorProfessional InvestorFinancial ProfessionalManagementOthers


    $20 million to $100 million AUM$100 million to $300 million AUM$300 million to $1 billion AUM$1 billion to $10 billion AUM$10 billion to $100 billion AUMMore than $100 billion AUM


    Mailing List / Free TrialMonthly SubscriptionYearly SubscriptionMembershipEvents


    2024 Investment Day Hong Kong 23rd July2024 Investment Day Singapore 25th July2024 Investment Day Hong Kong 4th Sept2024 Investment Day Singapore 11th Sept2024 Family Office Summit Hong Kong 16th Oct2024 Family Office Summit Singapore 23rd Oct / 6th Nov










    Web links may be disabled on mobile for security.
    Please click on desktop.










    Caproasia Users

    • Manage $20 million to $3 billion of assets
    • Invest $3 million to $300 million
    • Advise institutions, billionaires, UHNWs & HNWs

    Caproasia Platforms | 11,000 Investors & Advisors

    Monthly Roundtable & Networking

    Family Office Programs

    The 2024 Investment Day

    • March 2024 - Hong Kong
    • March 2024 - Singapore
    • June 2024 - Hong Kong
    • June 2024 - Singapore
    • Sept 2024 - Hong Kong
    • Sept 2024 - Singapore
    • Visit: The Investment Day | Register: Click here

    Caproasia Summits

    Contact Us

    For Enquiries, Membership
    [email protected], [email protected]

    For Listing, Subscription
    [email protected], [email protected]

    For Press Release, send to:
    [email protected]

    For Events & Webinars
    [email protected]

    For Media Kit, Advertising, Sponsorships, Partnerships
    [email protected]

    For Research, Data, Surveys, Reports
    [email protected]

    For General Enquiries
    [email protected]





    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014




    Previous articleSingapore MAS Bans Goldman Sachs Managing Director Roger Ng for Life Joining Goldman Sachs Southeast Asia Chairman Tim Leissner Lifetime Ban Issued in 2018, Prohibition Orders Issued after United States Conviction & 10 Years Jail Sentence for Malaysia 1MDB Money Laundering Conspiracy & Embezzlement and Violation of United States Foreign Corrupt Practices Act
    Next articleSingapore Police Seized $91 Million in Credit Suisse & Julius Baer Private Banks in Singapore $736 Million Money Laundering by 10 Foreigners Originally from China, Total of $1.3 Billion Assets Seized with More than 10 Banks Named Including DBS, OCBC, UOB, Bank of Singapore, Citibank, Standard Chartered, Deutsche Bank, CIMB & RHB 
    Caproasia.com covering capital markets, investments and private wealth in Asia. Our users manage, advise & invest $25 trillion assets in Asia