Singapore’s longest-serving central bank chief Ravi Menon reappointed for 2 more years

He will remain as MAS managing director until May 31, 2025 or his retirement from the Singapore Public Service, whichever is earlier

Menon, who turns 59 this year, has been at the helm of the MAS since 2011, the longest run in the top post in the city state’s history

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Ravi Menon, managing director of Monetary Authority of Singapore, has been at the helm of the MAS since 2011, the longest run in the top post in the city state’s history. Photo: Bloomberg

Published: 5:31pm, 12 May 2023

Singapore’s longest-serving central banker Ravi Menon has been reappointed in his role for another two years, the Monetary Authority of Singapore (MAS) said on Friday.

Menon’s term as managing director of the MAS was due to end on May 31. There had been earlier reports that he was to be replaced after the current term.

“Mr Menon will serve as managing director until May 31, 2025 or his retirement from the Singapore Public Service, whichever is earlier,” the MAS said in a statement.

Menon, who turns 59 this year, has been at the helm of the MAS since 2011, the longest run in the top post in the city state’s history. Singapore’s minimum retirement age is 63.

The MAS was among the first to start tightening monetary policy in a post- pandemic world. Photo: Bloomberg

Maybank economist Chua Hak Bin said the decision showed that there were few candidates that could fill Menon’s shoes.

“Ravi is needed to steer Singapore through the current global macroeconomic uncertainties,” Chua said.

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