Singapore PM appoints FinMin Wong as new deputy premier

Singapore Prime Minister Lee Hsien Loong on Monday named finance minister and his potential successor Lawrence Wong as his new deputy effective next week.

Wong, 49, was chosen as leader of the ruling People's Action Party's (PAP) so-called fourth generation team in April, paving the way for him to become prime minister in future.

Wong will continue in his current role of finance minister while serving as deputy prime minister, according to an official statement.