MAS Appoints New Chief Sustainability Officer to Sustainability Group
The Monetary Authority of Singapore (MAS) said that Ms. Gillian Tan will be appointed Chief Sustainability Officer on October 17, 2022. This will be in addition to her current job as Assistant Managing Director.
The present Chief Sustainability Officer at MAS, Dr. Darian McBain, will leave the company in December 2022 to pursue other interests.
Ms. Tan will be in charge of an expanded Sustainability Group (SG), which will help MAS's several sustainability projects, which have grown a lot in the last two years, develop more coherent strategies and work together better.
SG will work closely with the Development and International Group to create a strong ecosystem for sustainable finance and speed up the region's move to net zero. It will also work closely with the Financial Supervision Group to make Singapore's financial services sector more resilient to climate change.
SG will coordinate MAS's growing involvement in global and regional sustainable finance forums and work with the rest of the Singapore Government to reach Singapore's new goals for climate change and sustainability.
As Assistant Managing Director (Development & International), Ms. Tan is in charge of plans to make Singapore a more important international financial centre. This includes making sure that Singapore has the skills and solutions it needs to be financially sustainable. She also sits on the Advisory Board of the Singapore Green Finance Centre and leads the group that is making the ASEAN Taxonomy Plus Standards for the ASEAN Taxonomy Board.
Mr Ravi Menon, Managing Director, MAS, said:
"In the last two years, MAS has given a lot more attention to promoting sustainable finance and climate resilience. MAS is grateful to Darian for leading our Sustainability Group, being the face of our interactions with external stakeholders, and helping Singapore's sustainable finance ecosystem grow. 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.”