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Singapore Financial Growth Board declares its new Managing Director for 2025
Thursday, November 21, 2024
The Ministry of Commerce and Business (MTI) has introduced the appointment of Mr. Jermaine Loy as the following Managing Director (MD) of the Singapore Financial Growth Board (EDB).
Mr. Loy, presently the Principal Personal Secretary to Senior Minister Mr. Lee Hsien Loong, will take over from Ms. Jacqueline Poh on 1 March 2025, after serving as MD-Designate beginning 1 January 2025.
Ms. Poh, who has led EDB since October 2021, will assume the position of Deputy Secretary (Business) at MTI whereas persevering with to function an ex-officio member of the EDB board till her transition. Mr. Loy may also be appointed to the EDB board from 1 March 2025.
Jermaine Loy: Management and Imaginative and prescient
Mr. Jermaine Loy joined the Prime Minister’s Workplace in 2021, serving as Principal Personal Secretary to then-Prime Minister and now Senior Minister Mr. Lee Hsien Loong.
He has held management roles on the Ministry of Nationwide Growth, the place he oversaw strategic planning for Singapore’s land-use wants, in addition to on the Ministry of Well being and MTI. He’s additionally a board member of the Maritime and Port Authority of Singapore.
Jacqueline Poh: Transformative Management at EDB
Beneath Ms. Jacqueline Poh’s tenure, EDB achieved report funding commitments in 2022, exceeding targets regardless of a posh international setting formed by technological disruption, geopolitical challenges, and tax reforms.
Her management drove the event of key sectors together with the digital financial system, synthetic intelligence, precision drugs, sustainability, and innovation.
Ms. Poh additionally bolstered Singapore’s presence in worldwide enterprise boards and strengthened ties with international business leaders, significantly in expertise and startups.
Dr. Beh Swan Gin, Everlasting Secretary for MTI, praised her contributions:“Jacqueline’s leadership has significantly enhanced Singapore’s position as a global hub for business, innovation, and talent. We welcome her to MTI in her new role and look forward to her continued impact.”
Strategic Transition for Singapore’s Financial Future
Dr. Beh additionally expressed optimism for Mr. Loy’s appointment:“Jermaine’s vision and dedication will ensure EDB continues to implement transformative strategies that enhance Singapore’s economic competitiveness.”
This management transition underscores Singapore’s dedication to sustaining its standing as a worldwide chief in enterprise and innovation whereas navigating an evolving financial panorama.
Tags: Mr. Jermaine Loy, Singapore Financial Growth Board
