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, capital markets, payment services, technology risks, money laundering risks, as well as MAS’ enforcement function. He is also a trustee of the National University of Singapore (NUS) and the IFRS Foundation. In addition, Mr Ong serves as an independent director of United Overseas Bank and AIA Group.

Mr Ong holds an Honours Degree in Chemical Engineering from the NUS. 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.