SINGAPORE – Prime Minister Lee Hsien Loong and Emeritus Senior Minister Goh Chok Tong have offered their condolences to the family of Singapore’s longest-serving Finance Minister Richard Hu, whoIn a Facebook post on Saturday, PM Lee said he was “deeply saddened” by the passing of “a close colleague and friend for many years” and paid tribute to Dr Hu, who was finance minister from 1985 to 2001.
In 1983, Dr Hu retired from global energy and petrochemical company Shell and joined the Monetary Authority of Singapore as its managing director. Two years later, he became MAS chairman when he entered the Cabinet. “ also oversaw the overhaul of our securities regulatory framework, which facilitated the subsequent development of our capital markets and laid the foundation for Singapore to become a thriving global financial hub.”
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