Mr Tharman SHANMUGARATNAM

 

Mr Tharman SHANMUGARATNAM, Deputy Prime Minister and Coordinating Minister for Economic and Social Policies


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 (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 as Chairman of the G20 Eminent Persons Group on Global Financial Governance, 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. 

Tharman is a board member of the Government of Singapore Investment Corporation (GIC) and chairs its Investment Strategies Committee. He also chairs the International Advisory Council of the Singapore Economic Development Board, and the International Academic Advisory Panel that advises the Government on strategies for the university sector. 

Besides his responsibilities in Government, he chairs the Board of Trustees of the Singapore Indian Development Association (SINDA), which seeks to uplift educational performance and aspirations in the Indian Singaporean community. He also chairs the Ong Teng Cheong Labour Leadership Institute.  

Tharman was first elected Member of Parliament in Nov 2001 in Jurong GRC, and has been re-elected three times since. He was elected to the Central Executive Committee of the People’s Action Party in Dec 2002, and was appointed 2nd Assistant Secretary-General in May 2011.

After his schooling in Singapore, he 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. 

Tharman is married to Jane Yumiko Ittogi, a lawyer by background and now actively engaged in social development initiatives and the non-profit arts sector. They have a daughter and three sons. 


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