Deputy Prime Minister and Coordinating Minister for Economic and Social Policies, Singapore
DPM Tharman Shanmugaratnam is Deputy Prime Minister and Coordinating Minister for Economic and Social Policies in the Singapore Cabinet.
Tharman is also Chairman of the Monetary Authority of Singapore (MAS), Singapore’s central bank and financial regulator. He has spent his working life in public service, in roles related to education and economic policies. He served as Minister for Finance for eight years, over 2007- 2015, and as Minister for Education for five years (2003-2008). He was appointed Deputy Prime Minister in 2011.
Tharman was appointed Chairman of the Group of Thirty, an independent global council of leading economic and financial policy-makers, from Jan 2017, succeeding Jean-Claude Trichet. In Apr 2017, he was appointed Chairman of the G20 Eminent Persons Group on Global Financial Governance, which was set up to review the system of multilateral financial institutions. He had previously been appointed by his international peers as Chairman of the International Monetary and Financial Committee (IMFC), the key policy forum of the IMF, for an extended period of four years from 2011; he was its first Asian chair.
Tharman led the ‘SkillsFuture’ programme, launched in 2014 with the aim of developing the skills of the future and broad-based opportunities for lifelong learning among Singaporeans. He subsequently chaired the tripartite Council for Skills, Innovation and Productivity (CSIP) until May 2017, which developed programmes to spur industry transformation and job upskilling across the economy.
After his schooling in Singapore, Tharman studied at the London School of Economics and Cambridge University. He later obtained a Masters in Public Administration at Harvard University, where he was named a Lucius N Littauer Fellow in recognition of outstanding performance.