The Monetary Authority of Singapore ( MAS ) has appointed Abigail Ng as its chief sustainability officer ( CSO ), a position she will take over from Gillian Tan, who has concurrently held the roles of assistant managing director ( development and international ) and CSO since October 2022.

Over the last three years, under Tan’s leadership, the MAS’ sustainability group ( SG ) launched the Finance for Net Zero Action Plan to mobilize financing to catalyze Asia’s transition to a low carbon economy.

The SG also advanced key initiatives, including the Singapore-Asia Taxonomy to promote consistency and clarity in sustainable financing standards, the Transition Credits Coalition and the Financing Asia’s Transition Partnership ( FAST-P ) to accelerate energy transition and blended finance in Asia, as well as the Sustainable Finance Jobs Transformation Map to enhance skills and competencies in sustainable finance.

With MAS’ sustainability agenda entering a more developed and mature phase, the authority says, this is an opportune time to transition the SG’s leadership to a dedicated CSO role. Tan will continue to lead the development and international group as group head.

Ng, currently the MAS’ head of the markets policy and consumer department, brings strong experience in sustainability issues, including collaborating with international organizations and diverse stakeholders, to formulate sustainability disclosure policies and requirements.