DPM Shanmugaratnam appointed MAS Chairman
Mr. Shanmugaratnam replaces Emeritus Senior Minister Goh Chok Tong who had served as Chairman of Monetary Authority of Singapore since August 2004.
Mr Goh stepped down from MAS Board of Directors but has been appointed as Senior Advisor to MAS, with effect from 21 May 2011. He will lend his experience in this advisory position.
Shanmugaratnam is the sixth chairman since the establishment of MAS in 1971. He will serve his post for a period of two years.