MAS Appoints Gillian Tan as New Chief Sustainability Officer

The Monetary Authority of Singapore (MAS) announced that Gillian Tan will be appointed as Chief Sustainability Officer, effective 17 October onwards.

This new role will be in addition to her current role as Assistant Managing Director (Development & International).

In her current role, 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.

MAS’ current Chief Sustainability Officer, Dr Darian McBain will assume an advisory role until her departure from MAS in December 2022.

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.

The group will also coordinate MAS’ growing involvement in global and regional sustainable finance forums and work with the rest of the Singapore Government to achieve the island state’s enhanced climate change and sustainability ambitions.

Ravi Menon

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.”