The Monetary Authority of Singapore’s Ravi Menon will retire from his role as managing director at the end of this year, after working at the regulator for nearly three decades. A successor has been announced.
Ravi Menon will step down from his role at the Monetary Authority of Singapore (MAS) as managing director and member of its board on 31 December 2023, according to a statement sent on Tuesday.
He will also retire from Singapore Public Service on the same date. Menon will be succeeded by Chia Der Jiun (pictured below) who will serve as MAS’s new managing director and board director from 1 January 2024 to 31 May 2026.
Extensive Experience
Chia is currently Singapore’s permanent secretary (development) at the Ministry of Manpower and previously spent 18 years at MAS, last as deputy managing director (corporate development).
He has extensive experience in the public sector, including serving in the Ministry of Trade and Industry, the public service division and the former Ministry of the Environment and Water Resources, now renamed as the Ministry of Sustainability and the Environment.
Almost 30 Years
Menon has worked at MAS for 29 years and was appointed as managing director in 2011. He was previously permanent secretary at the Ministry of Trade & Industry and deputy secretary at the Ministry of Finance.
MAS reappointed Menon to a two-year term in May this year with the option to step down earlier if he chose to retire from public service.
