The Monetary Authority of Singapore (MAS) has announced changes to its senior management team that will take effect on 1 September 2013.
Teo Swee Lian, the deputy managing director (financial supervision), will step down from her job and will take the role of special advisor in the managing director’s office, where her new duties will be to help MAS play a more active role in international regulatory work.
She will be succeeded by Ong Chong Tee, who will oversee the banking & insurance, capital markets, policy, risk and surveillance groups.
Ong will relinquish his current roles as deputy managing director (monetary policy and investment) and deputy managing director (financial development).
Jacqueline Loh will succeed Ong as deputy managing director (monetary policy & investment) as well as deputy managing director (development & international), and oversee the economic policy, markets & investment, and development & international groups.
Dr Andrew Khoo, who, like Loh has spent his career with the MAS, as well as a three year spell at the Bank for International Settlements, has been promoted to deputy managing director (corporate development). His job will be to oversee the finance, risk & currency groups as well as human resources and IT departments.