Ravi Menon has been reappointed as managing director of the Monetary Authority of Singapore for two more years, having already spent 12 years in the role.

The Monetary Authority of Singapore made the announcement in a press release on May 2. Menon will continue to serve in his role and as a member of the MAS board until May 31, 2025.

Earlier reports had said Menon would step down after his current term ends on May 31, citing people familiar the matter. Chia Der Jiun, a former MAS assistant