MAS has also extended Mr Menon's board member post for another two years
SINGAPORE: The Monetary Authority of Singapore announced yesterday that it has re-appointed Ravi Menon as Managing Director for a further term of two years, quieting buzz that the central bank’s chief may run in the presidential election later this year once his current term at MAS ends this month.
The announcement comes less than a month after American news conglomerate Bloomberg cited insiders and reported that Mr Menon’s former deputy Chia Der Jiun is expected to succeed him once Mr Menon’s current term ends on May 31. The Bloomberg report sparked speculation that Mr Menon may contest the upcoming presidential election, especially since many of his predecessors, including Heng Swee Keat, Tharman Shanmugaratnam, and Richard Hu, went into politics after leaving the central bank.
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