Member, GIC Risk Committee

Mr Ong Chong Tee is the Chairman of Accounting and Corporate Regulatory Authority (ACRA) from July 2022, having joined the Board as its Deputy Chairman in April 2021. He is a member of the GIC Risk Committee. Previously, Mr Ong was with the Monetary Authority of Singapore (MAS) for 35 years and held senior positions including in the areas of reserve management, central banking monetary operations, market development and financial supervision. As MAS’ Deputy Managing Director of Financial Supervision from 2014 to 2021, Mr Ong oversaw the regulations and supervision of the banking, insurance and capital markets, as well as in payment services, technology risks and money laundering risks. Mr Ong was also responsible for MAS’ Enforcement function.

Mr Ong holds an Honours Degree in Chemical Engineering from the National University of Singapore. He was awarded the Public Administration Medal (Gold) in August 2007 and Public Administration Medal (Gold) (Bar) in August 2021 by the President of Singapore.