SINGAPORE: Ravi Menon, the Monetary Authority of Singapore’s (MAS) longest-serving chief, will leave the central bank at the end of the year and will be succeeded by Chia Der Jiun.

       Chia, currently the Manpower Ministry’s permanent secretary for development, will become designate managing director of the MAS from Nov 1, MAS said in an emailed statement.

       Chia will assume the full role from Jan 1.

       Menon has been at the helm of MAS since 2011 and his term was extended earlier this year.

       He will retire from public service, according to the statement. — Bloomberg