MAS expands sustainability group, appoints Gillian Tan as chief sustainability officer

The Monetary Authority of Singapore (MAS) announced on Thursday the appointment of Gillian Tan as the chief sustainability officer to be effective from October 17. 

In her new role, she will perform additional duty alongside her current role as assistant managing director (Development & International). 

 Tan, who will replace  MAS’ current chief sustainability officer, Darian McBain, will assume an advisory role from 17 October, 2022. McBain will quit the company in December.

 Tan’s new assignment  will see her leading an expanded sustainability group (SG) that will help her devise more coherent strategy development and tighter coordination across MAS’ various sustainability initiatives which offered more scope in the last two years, the MAS said.

 The sustainability group will work closely with the development and international group to build a vibrant sustainable finance ecosystem and catalyse the region’s net zero transition, the company elaborated, adding the SG will also work with the financial supervision group to strengthen the climate resilience of Singapore’s financial services sector.

 The 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, Tan oversees strategies to develop Singapore as an international financial centre, 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.

 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.”