The Monetary Authority of Singapore (MAS) today announced the following changes to its senior management team:
- Ms Ho Hern Shin, currently Executive Director (Insurance Department), will be appointed as Assistant Managing Director (Banking & Insurance). She will take over the position from Mr Chua Kim Leng, who has requested to relinquish his current role to take up an advisory position. Mr Chua will be appointed as Special Advisor (Financial Supervision Group).
- Ms Loo Siew Yee, currently Executive Director (Banking Department I), will be appointed as Assistant Managing Director (Policy, Risk & Surveillance). She will take over the position from Mr Wong Nai Seng. Mr Wong will leave MAS in early 2018 to pursue other interests.
MAS has also appointed Mr Tan Yeow Seng as Chief Cyber Security Officer (CCSO). This is a new position. The CCSO will play an important role in strengthening the cyber resiliency of MAS and the financial sector. Mr Tan’s responsibilities will include setting cyber resiliency standards and overseeing their implementation. Mr Tan will hold this appointment concurrently with his role as Executive Director (Technology Risk and Payments Department).
The changes will take effect on 1 December 2017.
Acknowledging the contributions of Mr Wong, Mr Ravi Menon, Managing Director, MAS, said:
Nai Seng has given 22 years of outstanding service to MAS. As head of the Policy, Risk & Surveillance group, Nai Seng oversaw the implementation of the Basel III capital and liquidity reforms in Singapore. He also helped to shape the growing area of macro-prudential surveillance and supervision in MAS. We are grateful to Nai Seng for all that he has done and wish him the best in his future pursuits.