Singapore: MAS Expands Sustainability Group, Appoints New Chief Sustainability Officer

The Monetary Authority of Singapore (MAS) announced that Ms. Gillian Tan will be appointed Chief Sustainability Officer “from 17 October 2022, in addition to her current role as Assistant Managing Director (Development & International).”

MAS’ current Chief Sustainability Officer, Dr. Darian McBain, will “leave MAS in December 2022 to pursue other interests.” She will “assume an advisory role from 17 October 2022 until her departure from MAS.”

Ms. Tan will lead “an expanded Sustainability Group (SG) that will enable more coherent strategy development and tighter coordination across MAS’ various sustainability initiatives which have grown significantly in scope in the last two years.”

SG will work closely “with the Development and International Group to build a vibrant sustainable finance ecosystem and catalyse the region’s net zero transition, and with the Financial Supervision Group to strengthen the climate resilience of Singapore’s financial services sector.”

SG will “coordinate MAS’ growing involvement in global and regional sustainable finance forums and work with the rest of the Singapore Government to achieve Singapore’s enhanced climate change and sustainability ambitions.”

In her current role as Assistant Managing Director (Development & International), Ms. Tan oversees strategies “to develop Singapore as an international financial center, including sustainable finance capabilities and solutions.”

She also “chairs the ASEAN Taxonomy Board work group developing the ASEAN Taxonomy Plus Standards and serves on the Advisory Board of the Singapore Green Finance Centre.”

Mr. Ravi Menon, Managing Director, MAS, said:

“Promoting sustainable finance and climate resilience have grown significantly in the last two years as areas of priority for MAS. MAS is grateful to Darian for leading our Sustainability Group, fronting our engagements with external stakeholders, and contributing to the growth of Singapore’s sustainable finance ecosystem. She was instrumental in the setting up of the ESG Impact Hub. I wish Darian every success in her future endeavours, and look forward to Gillian taking MAS’ sustainability work to the next level.”

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