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.

He is also Chairman of the Monetary Authority of Singapore (MAS), Singapore’s central bank and financial regulator.

Among his key responsibilities in Singapore, he leads the national Council for Skills, Innovation and Productivity (CSIP). One of its key programmes aims to develop the skills of the future and a culture of lifelong learning among Singaporeans (SkillsFuture).

Tharman was appointed Chairman of the Group of Thirty, an independent global council of leading economic and financial policy-makers, from 1 Jan 2017. He was previously 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.

He has spent his career in public service, in roles related to economic policy and education. He served as Minister for Finance for eight years, over 2007- 2015, and as Minister for Education for five years, over 2003-2008. He was appointed Deputy Prime Minister in 2011.

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. 

He was first elected as a Member of Parliament in Nov 2001 in Jurong GRC, and has been reelected 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 enterprise and the non-profit arts sector. They have a daughter and three sons.

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