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Ravi Menon
OccupationGovernment official
Academic background
EducationNational University of Singapore
Harvard University

Ravi Menon is a Singaporean government official serving as the managing director of the Monetary Authority of Singapore since his appointment in 2011.

Early life and education

Menon studied at Raffles Institution for his A levels and went on to National University of Singapore,[1] graduating with a bachelor's degree in Economics in 1987.[1][2] In 1993, he subsequently studied for the master's degree in Public Administration at the Harvard Kennedy School with a scholarship from the Monetary Authority of Singapore.[1][2]

Career

Upon graduation from National University of Singapore, he begun his career at the Monetary Authority of Singapore (MAS). He became assistant managing director of MAS in 2002, before being seconded to the Ministry of Finance in 2003 as its deputy secretary.[3] He joined the civil service in 2005. In July 2007, he was appointed as the second permanent secretary of the Ministry of Trade and Industry (MTI).[1] In October 2009, he became the permanent secretary of MTI.[4] In 2011, he returned to MAS as its managing director.[3] Menon will retire on 1 January 2024 from his managing director position at the MAS,[5] after having his appointment renewed for two years in May 2023.[6]

During his management of MAS, he introduced new guidelines on the emergent fintech techologies.[7][8]

Menon has held roles at the Bank for International Settlements and the Financial Stability Forum. Menon is on the Financial Stability Board steering committee.[2]

He is serving a two-year term as the chair for the Network for Greening the Financial System (NGFS), where he succeeded founding chair Frank Elderson, member of the executive board of the European Central Bank, in January 2022.[9]

Awards & accolades

Personal life

Menon is married with three children.[1]

References

  1. ^ a b c d e Tan, Audrey (29 March 2007). "Rejected for PSC scholarship but he's now MTI perm sec". The Straits Times. pp. H4.
  2. ^ a b c "Ravi Menon". Milken Institute. Retrieved 23 June 2023.
  3. ^ a b "Ravi Menon named MAS Managing Director". Singapore Business Review. 31 March 2011. Retrieved 4 November 2023.
  4. ^ Kor, Kian Beng (9 September 2009). "Top-level changes in Admin Service". The Straits Times. pp. B2.
  5. ^ "Singapore central bank names first new chief in over a decade". Nikkei Asia. Retrieved 4 November 2023.
  6. ^ "Singapore's reappoints central bank chief Ravi Menon for 2 more years". South China Morning Post. 12 May 2023. Retrieved 4 November 2023.
  7. ^ Sivakumar, Yoganeetha (3 November 2022). "CBDCs, DeFi, ESG: MAS' managing director Ravi Menon shares S'pore's fintech plans and projects". Vulcan Post. Retrieved 4 November 2023.
  8. ^ Huang, Claire (29 August 2022). "Singapore is exploring restricting retail access to cryptocurrencies: MAS chief Ravi Menon". The Straits Times. ISSN 0585-3923. Retrieved 4 November 2023.
  9. ^ "NGFS announces the appointment of new Chair and Vice Chair, and the expansion of its Steering Committee with two new members". Banque de France. 17 January 2022. Retrieved 23 June 2023.
  10. ^ Chia, Yan Min (9 August 2017). "Top award for financial policy maker". The Straits Times. ((cite news)): |access-date= requires |url= (help)
  11. ^ Tan, Hwee Hwee (4 January 2018). "MAS chief Ravi Menon named best central bank governor in Asia-Pacific". www.businesstimes.com.sg. Retrieved 4 November 2023.


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