On September 29, the Monetary Authority of Singapore (MAS) announced that Abigail Ng will assume the position of Chief Sustainability Officer (CSO) starting October 6. Ng will succeed Gillian Tan, who has been serving dual roles as assistant managing director (development & international) and the authority's CSO since October 2022.

During the past three years under Tan's stewardship, MAS' Sustainability Group (SG) introduced the Finance for Net Zero Action Plan aimed at mobilizing capital to support Asia's shift toward a low-carbon economy. The group has also spearheaded several critical initiatives, such as developing the Singapore-Asia Taxonomy to enhance consistency and transparency in sustainable financing standards, establishing the Transition Credits Coalition (TRACTION) and the Financing Asia's Transition Partnership (FAST-P) to expedite energy transition and blended financing across Asia, and creating the Sustainable Finance Jobs Transformation Map to strengthen skills and expertise in sustainable finance.

As MAS' sustainability initiatives reach a more advanced and established stage, the authority considers this an ideal moment to transfer SG's leadership to a dedicated CSO position. Tan will remain as group head of the Development & International Group. Ng, who currently serves as Department Head of the Markets Policy & Consumer Department, possesses extensive expertise in sustainability matters, including working with international organizations and various stakeholders to develop sustainability disclosure policies and frameworks.