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The Casino Regulatory Authority (CRA) has appointed Lee Tzu Yang as their new chairman.
Currently on the board as deputy chairman, Lee will take over the role of chairman from Richard Magnus with effect from 2nd April 2015.
Magnus will be retiring after seven years of service.
“I would like to thank Mr Richard Magnus for his steady leadership of CRA during its formative years,” Singapore’s deputy prime minister and minister for home affairs, Teo Chee Hean, said.
“He has laid the foundations for a casino regulatory framework that is firm and fair. Beyond Singapore, he has helped CRA build a network of partners and establish itself as a well-respected regulator amongst its international peers.”