In a parliamentary response, Monetary Authority of Singapore Chairman Gan Kim Yong confirmed the appointment of a third batch of five Equity Market Development Programme managers to receive SGD 1.45 billion, first announced on Sept. 29, and clarified that each manager’s award terms and performance indicators are guided by a consistent framework reflecting the programme’s objectives for Singapore’s asset management, research and equities ecosystem.
Monetary Authority of Singapore confirms consistent framework for five managers receiving SGD 1.45 billion
The Monetary Authority of Singapore confirmed that five new Equity Market Development Programme managers will receive SGD 1.45 billion. Their award terms and performance indicators are guided by a consistent framework aligned with the programme’s objectives.