On May 15, former Finance Minister and Deputy Prime Minister Lawrence Wong (51) will take over the reins of government in the island republic of Singapore. He succeeds Lee Hsieng Loong (72), who has led the city state since 2004, as only the fourth head of government in the country's almost sixty-year history since its founding in 1965. The handover of office has been prepared for a long time. Lee had already announced his intention to step down as Prime Minister in 2022. On 5 November last year, he made it clear that he would hand over his office to his deputy Lawrence Wong in November 2024 at the latest. In mid-April, the surprising announcement was made that Wong would be sworn in as the new prime minister on 15 May. The handover of office to Lawrence Wong, who is twenty years younger, marks the start of a generational change. Lee Hsieng Loong, the eldest son of state founder Lee Kuan Yew, is retiring from the front row of politics. Lee will nevertheless remain in the government cabinet in an advisory capacity as Senior Minister.