SINGAPORE : Ravi Menon, the Monetary Authority of Singapore's longest-serving chief, will leave the central bank at the end of the year, to be succeeded by his former deputy Chia Der Jiun. Chia, 52, who is currently the Ministry of Manpower's permanent secretary for development, will become managing director-designate of the MAS from Nov. 1, the authority said Monday in an emailed statement. His term runs from January through May 31, 2026, according to the statement. Menon, the outgoing chief, has been at the helm of the MAS since 2011 and his term was extended from June 1, for up to two years.

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