Singapore MAS Appoints Gillian Tan as MAS Chief Sustainability Officer, Dr Darian McBain Departs
15th October 2022 | Singapore
Singapore central bank Monetary Authority of Singapore (MAS) has appointed MAS Assistant Managing Director (Development & International) Gillian Tan as the new MAS Chief Sustainability Officer, with current Chief Sustainability Officer Dr Darian McBain (joined October 2021) departing in December 2022. From 17th October 2022, Gillian Tan will assume an advisory role, and officially takes over the Chief Sustainability Officer after the departure of Dr Darian McBain. Singapore MAS: “Ms Tan will lead an expanded Sustainability Group (SG) that will enable more coherent strategy development and tighter coordination across MAS’ various sustainability initiatives which have grown significantly in scope in the last two years. 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, and with the Financial Supervision Group to strengthen the climate resilience of Singapore’s financial services sector. 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.” Ravi Menon, Singapore MAS Managing Director: ““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.”
“ Singapore MAS Appoints Gillian Tan as MAS Chief Sustainability Officer, Dr Darian McBain Departs “
MAS Assistant Managing Director (Development & International), and Incoming MAS Chief Sustainability Officer Gillian Tan
Singapore central bank Monetary Authority of Singapore (MAS) appoints MAS Assistant Managing Director (Development & International) Gillian Tan as the new MAS Chief Sustainability Officer, with current Chief Sustainability Officer Dr Darian McBain (joined October 2021) departing in December 2022. From 17th October 2022, Gillian Tan will assume an advisory role, and officially takes over the Chief Sustainability Officer after the departure of Dr Darian McBain
In her current role as Assistant Managing Director (Development & International), Ms 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.
Singapore MAS Setup Sustainability Group
In October 2021, Singapore central bank Monetary Authority of Singapore (MAS) announced the setup of a new Sustainability Group and appointed Dr Darian McBain as Chief Sustainability Officer with effect from 1st October 2021. Dr McBain has more than 20 years of experience in sustainability, and was the Chief Sustainability Officer at Thai Union Group and recently named as United Nations Sustainable Development Goal Pioneer for the environmental initiatives she has spearheaded. Dr McBain holds a PhD in social indicators for global supply chain analysis and a Masters in business strategy, politics and environment. Dr McBain will report to Ho Hern Shin (Deputy Managing Director, Financial Supervision) and Leong Sing Chiong (Deputy Managing Director, Markets and Development) and will set the agenda for MAS’ Green Finance Steering Committee chaired by Ravi Menon (Managing Director).
The Singapore MAS Sustainability Group
The Singapore MAS Sustainability Group will steer sustainability efforts across MAS and build deeper capabilities. The new group will coordinate MAS’ green finance and sustainability agenda:
- Strengthen the financial sector’s resilience against environmental risks
- Develop a vibrant green finance ecosystem to support Asia’s transition to a low-carbon future
- Identify strategic green finance collaborations with regional and international counterparts
- Reduce MAS’ own carbon and environmental footprint.
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