MAS turns down ex-NTUC Income CEO's request to meet chairman Gan Kim Yong over Allianz matter
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The Monetary Authority of Singapore (MAS) said on Monday (June 23) that it has rejected former NTUC Income chief executive Tan Suee Chieh's request to meet chairman Gan Kim Yong or a senior MAS representative over the proposed transaction by German insurMAS turns down ex-NTUC Income CEO's request to meet chairman Gan Kim Yong over Allianz matter
The Monetary Authority of Singapore (MAS) said on Monday (June 23) that it has rejected former NTUC Income chief executive Tan Suee Chieh's request to meet chairman Gan Kim Yong or a senior MAS representative over the proposed transaction by German insurer Allianz to buy a controlling stake in NTUC Income.This was in response to Tan's letter to MAS on Jun 9, seeking a response to his April 28 open letter, as well as to request for such a meeting.Responding to Tan's three open letters between August 2024 and April 2025 on the Allianz-Income matter, MAS highlighted that the proposed transaction and amendments to the Insurance Act had been extensively debated in Parliament.«Nevertheless, if Mr Tan has further feedback or information to share with us, we will duly consider them,» said the authority in a statement released a day ahead of Income's annual general meeting. Read more