The Monetary Authority of Singapore (MAS), the central bank and financial regulator of Singapore, announced today the appointment of Abigail Ng as its first dedicated Chief Sustainability Officer.

Ng has been with MAS for nearly 20 years, most recently serving as Department Head of the Markets Policy & Consumer Department.

Ng takes on the CSO position upon the departure from the role of MAS” current Chief Sustainability Officer Gillian Tan. Tan was appointed to the role in 2022, with responsibility for enabling more coherent strategy development and tighter coordination across the organization’s sustainability initiatives. Under Tan’s leadership, MAS launched the Finance for Net Zero Action Plan to mobilize financing to catalyse Asia’s transition to a low carbon economy, and other sustainable financing initiatives such as the launch of the Singapore-Asia Taxonomy for Sustainable Finance.

While serving as Chief Sustainability Officer, Tan concurrently held the role of Assistant Managing Director (Development & International), and she will continue to lead MAS’ Development & International Group.

In a statement announcing the new appointment, MAS said that with its “sustainability agenda entering a more developed and mature phase, this is an opportune time to transition SG’s leadership to a dedicated CSO role.”