The Monetary Authority of Singapore (MAS), the central bank and financial regulator of Singapore, announced today the appointment of Gillian Tan as its new Chief Sustainability Officer.

In her new role, Tan will be responsible for leading MAS’ expanded Sustainability Group, aimed at enabling more coherent strategy development and tighter coordination across the organization’s sustainability initiatives. MAS has recently launched a series of ESG-focused initiatives, including Project Greenprint, which is aimed at helping to mobilize capital for green and sustainable finance by harnessing technology and data and create a more transparent, trusted and efficient ESG ecosystem.

Tan joined MAS in 2015, and has most recently been serving as Assistant Managing Director – Development and International, oversees strategies to develop Singapore as an international financial center, including sustainable finance capabilities and solutions. She currently 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.

Tan will continue with her responsibilities with the Development and International Group, which will work with the Sustainability Group on the development of a sustainable finance ecosystem and help support the region’s net zero transition. The Sustainability Group will also work with Financial Supervision Group to strengthen the climate resilience of Singapore’s financial services sector, and with the rest of the Singapore Government to achieve Singapore’s enhanced climate change and sustainability ambitions.

Tan will take on the role from current Chief Sustainability Officer Dr Darian McBain, who will leave MAS in December. McBain will take on an advisory role from October 17 until her departure.

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.”