Menon to step down as MAS head

Chia Der Jiun will become Singapore’s central bank boss in January

Ravi Menon
Departing MAS managing director Ravi Menon

Singapore’s government has announced that Ravi Menon will step down as the country’s central bank head at the end of December, to be replaced by a long-serving official.

The Monetary Authority of Singapore said today (September 4) that Chia Der Jiun will become its managing director designate on November 4, and then MAS managing director on January 1, 2024, for a two-and-a-half year term.

In May, the government announced it was reappointing Menon to a two-year term at the MAS, after media

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