The Monetary Authority of Singapore (MAS), Singapore’s central bank and finance regulator, has appointed Abigail Ng as its new chief sustainability officer.
Ng, who currently heads the markets policy and consumer department, takes over from Gillian Tan, who has held the CSO role concurrently with her position as assistant managing director, development and international, since October 2022. Tan will continue to lead MAS’s development and international group.
Tan announced the transition in a LinkedIn post, saying it was “an opportune time” to hand over the reins as MAS’s sustainability agenda enters “a more developed and mature phase”.
“When I put on this second ‘hat’ three years ago, I knew I had much to learn and that the road ahead would be challenging, requiring fresh thinking, innovative solutions and bold partnerships,” she wrote.
Under Tan’s leadership, MAS launched the Finance for Net Zero Action Plan to mobilise capital for Asia’s low-carbon transition and the Singapore-Asia Taxonomy to provide clarity on sustainable finance standards.
She also worked on initiatives such as the Transition Credits Coalition (TRACTION) and the Financing Asia’s Transition Partnership (FAST-P) to accelerate blended finance for the region’s energy transition.
The regulator said in a statement that appointing a dedicated CSO reflects the growing maturity of its sustainability work and the need for a sharpened focus as Singapore positions itself as a leading hub for green finance.
Ng’s experience in policy development and international engagement will be “instrumental” in advancing MAS’s next phase of sustainable finance strategy, the central bank said in the statement.
Before joining MAS, Ng was a lawyer, working with Singapore Legal Service as a public prosecutor.
