Singapore central bank names first new chief in over a decade

Managing Director Ravi Menon to retire, making way for civil servant Chia Der Jiun

The Monetary Authority of Singapore's headquarters: The city-state's central bank has appointed a new chief for the first time in more than a decade. © Reuters

DYLAN LOH, Nikkei staff writer

September 4, 2023 18:41 JST

Updated on September 4, 2023 19:44 JST

SINGAPORE -- The Monetary Authority of Singapore, the city-state's central bank and financial regulator, will get a new chief for the first time in over a decade, as its current Managing Director Ravi Menon is retiring.

The MAS on Monday announced that Chia Der Jiun, currently a permanent secretary at the Manpower Ministry, will replace Menon. The statement said he will officially take over the post in January.