The Monetary Authority of Singapore (MAS) has appointed Gillian Tan as its chief sustainability officer, replacing Darian McBain who joined the regulator last October.
Tan, who is MAS’s assistant managing director (development and international), will take on the additional role on Oct 17.
According to an Oct 13 press release, McBain will leave MAS in December to pursue other interests. She will assume an advisory role from Oct 17 until her departure from MAS. McBain joined MAS last October after six years at Thai Union Group, the world’s largest seafood producer, where she was global director of corporate affairs and sustainability.
Tan will lead an expanded Sustainability Group (SG) that will enable more coherent strategy development and tighter coordination across MAS’s sustainability initiatives.
The SG will work closely with the Development and International Group to build a vibrant sustainable finance ecosystem and catalyse the region’s net zero transition, says MAS. 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’s growing involvement in global and regional sustainable finance forums and work with the Singapore government to achieve the nation’s climate change and sustainability ambitions, says MAS.
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Tan joined MAS in January 2015 from the Attorney-General’s Chambers in Singapore, where she had served as director of the financial and technology crime division.
In Tan’s current role, she 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 at MAS, says: “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’s sustainability work to the next level.”
