Singapore named Chia Der Jiun as chief of its central bank on Monday, replacing Ravi Menon, the Monetary Authority of Singapore (MAS) said.
Menon, who turns 59 this year, had been re-appointed as recently in May for two more years in his role but will retire from public service after more than a decade at the central bank, MAS said.Chia Der Jiun, a permanent secretary at Singapore's manpower ministry, had previously spent 18 years at the MAS and led major functions from implementing monetary policy to managing reserves.
Chia, a permanent secretary at Singapore's manpower ministry, had previously spent 18 years at the MAS and led major functions from implementing monetary policy to managing reserves. His appointment will take effect from Jan 1. next year, the MAS said in a statement.
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