20 February 2018
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MAS, EDB appoint new directors

Business Times
01 Feb 2018
Rachel Mui

The Monetary Authority of Singapore (MAS) and the Singapore Economic Development Board (EDB) will be making some changes to their boards, effective Feb 1, 2018.

MAS, Singapore's central bank and financial sector regulator, announced that Attorney-General Lucien Wong, will be appointed to its board of directors. His term of appointment will be from Feb 1, 2018 to May 31, 2020.

Mr Wong was chairman and senior partner of Singapore's largest law firm Allen & Gledhill. He has more than 30 years of legal experience, specialising in banking, corporate and financial services work.

He started as a legal assistant at Drew & Napier in 1979, after graduating top of his law class at the University of Singapore, now known as the National University of Singapore. In 1982, he became partner of the firm. He then moved to Allen & Gledhill, where he was managing partner from 1998 to 2012.

Mr Wong was previously chairman of the Singapore International Arbitration Centre, and the Maritime and Port Authority of Singapore. He also sat on the board of Singapore Press Holdings.

Separately, the Ministry of Trade and Industry (MTI) announced board changes at EDB on Wednesday as well.

EDB's new board members are: Alexander Hungate, president and chief executive of SATS Limited; Suranjan Magesvaran, president of Procter & Gamble (Asia Pacific) and Procter & Gamble (India, Middle East and Africa); Wouter Van Wersch, president and chief executive of General Electric, APAC; and Gan Seow Kee, chairman and managing director of ExxonMobil Asia Pacific.

In addition, Tan Gee Keow, Deputy Secretary of the strategy group in the Prime Minister's Office; and Patrick Tay, Assistant Secretary-General at the National Trades Union Congress, were also re-appointed as EDB board members.

Having completed their terms, several board members will also be stepping down from EDB's board. These are: Jean-Luc Butel, president of K8 Global and senior adviser to McKinsey & Company; Dr Stefan Doboczky, chief executive of Lenzing AG; Arunjai Mittal, former member of the management board at Infineon Technologies AG; and Dr Detlef Trefzger, chief excutive of Kuehne+Nagel International AG.

Source: Business Times © Singapore Press Holdings Ltd. Permission required for reproduction.