Nope. That job should not exist, especially when you have an existing team. Makes more sense to give the existing members increased pay or pay + performance based incentives that will be less than hiring new fresh "digital marketing" employee.
There are a lot of these jobs which have more supply than demand.
🤑 During the Cabinet reshuffle announcement, PM Wong said his search for the next finance minister is still a "work in progress".
Here's our guesses calculated hypotheses on the matter.
➡️ https://bit.ly/3RbWsP1
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Here is the full detailed breakdown from the report:
📌 Core Update
Following the Jul 22, 2026 Cabinet reshuffle, PM Lawrence Wong continues to hold the Finance Minister post. When asked about handing over the portfolio, he confirmed the search for a successor is still a "work in progress".
📊 Clues from Past Tenures
Singapore has had 8 Finance Ministers before PM Wong:
- Longest tenures: Richard Hu (~17 years), Hon Sui Sen (~13 years)
- Excluding these two, average tenure of the rest: ~5 years
- Average tenure of the last 3 before PM Wong (Lee Hsien Loong, Tharman Shanmugaratnam, Heng Swee Keat): ~6.5 years
PM Wong has served as Finance Minister for just over 5 years so far. Based on historical patterns, a handover could happen late 2027 or early 2028.
📍 Reference: PM Lee Hsien Loong’s Precedent
PM Lee is the only other person to hold both Prime Minister and Finance Minister roles:
- Became Finance Minister in Nov 2001; became PM in Aug 2004
- Held both posts for ~3.5 years, before handing over to Tharman in Dec 2007
PM Wong became Finance Minister in Jul 2020, and PM in May 2024 — he has now held both roles for over 2 years. Following this precedent, a successor could be named around end-2027.
💡 Budget Delivery as a Succession Sign
Sometimes future ministers get to deliver the Budget ahead of taking office, as preparation:
- Hon Sui Sen let Tony Tan deliver the 1982 & 1983 Budgets; Tan took over 7 months after the second one
- PM Lee let Tharman deliver the 2007 Budget; Tharman took over 10 months later
While not guaranteed, who delivers the Feb 2027 Budget will be a key signal.
👥 New Appointments & PM’s Explanation
The reshuffle adds Jeffrey Siow as Second Minister for Finance, serving alongside existing Second Minister Indranee Rajah.
PM Wong noted people may read this as a sign, and explained:
"These are roles to expose office-holders, assess their suitability and readiness. If they are ready, in due course some may take over to lead the ministry — this applies to MOF as well as other ministries."