MAS appoints NTU president Ho Teck Hua and National Arts Council chair Goh Swee Chen to its board

[SINGAPORE] The Monetary Authority of Singapore (MAS) on Thursday (May 29) announced two new director designates who will join its board effective from Jun 1.

Professor Ho Teck Hua, president of Nanyang Technological University (NTU), and Goh Swee Chen, chairman of National Arts Council (NAC), have been appointed for a three-year term that will end on May 31, 2028.

The central bank also announced the reappointment of retired politician and former minister of trade and industry Lim Hng Kiang, whose tenure at the board has been extended for three more years from Jun 1, 2025, to May 31, 2028.

Lim is currently special adviser to the Ministry of Trade and Industry (MTI), where he is consulted on economic strategies to grow Singapore’s capabilities and international economic space, MAS said.

Addressing the new appointments of Prof Ho and Goh and the reappointment of Lim, Deputy Prime Minister (DPM) and MAS chairman Gan Kim Yong said: “The perspective and experience they bring from their respective fields will strengthen the collective expertise of the MAS board to navigate an increasingly complex and challenging world.”

Prof Ho is a member of the boards of DSO National Laboratories, the Government Technology Agency of Singapore, and the National Research Foundation, Singapore.

Goh, former chairman of Shell Companies in Singapore, sits on the NTU board of trustees. She also serves on the boards of Singapore Airlines, SP Group, JTC, Woodside Energy and GenZero.

These are the MAS board of directors with effect from Jun 1, 2025:

• Gan Kim Yong – MAS chairman, DPM and minister for trade and industry

• Chee Hong Tat – MAS deputy chairman, minister for national development

• Chia Der Jiun – managing director at MAS

• Alvin Tan – minister of state at the Ministry of National Development and MTI

• Peter Ong – MAS chairman of Risk Committee, former head of the civil service

• Chaly Mah – MAS chairman of Audit Committee, chairman at NetLink NBN Management

• Lim Hng Kiang – special adviser to MTI

• Heng Swee Keat – chairman at National Research Foundation

• Lucien Wong – Attorney-General

• Deborah Ong – retired partner at PwC

• Ng Wai King – managing partner at WongPartnership

• Goh Swee Chen – chairman at NAC

• Ho Teck Hua – president at NTU