Singapore, 27 March 2014... The Monetary Authority of Singapore (MAS) announced the following changes to its senior management team:
Mrs Foo-Yap Siew Hong, currently Assistant Managing Director (Special Projects) in the Managing Director’s Office, will retire from MAS on 31 March 2014.
Mr Lee Chuan Teck, currently Assistant Managing Director (Capital Markets) will be seconded to the Ministry of Transport as Deputy Secretary (Land and Corporate).
Mr Lee Chuan Teck will be succeeded by Mr Lee Boon Ngiap, who will relinquish his current position as Assistant Managing Director (Banking & Insurance).
Mr Chua Kim Leng, currently Executive Director, Banking Department I, will be appointed as Assistant Managing Director (Banking & Insurance).
The changes will take effect on 1 April 2014.
2 Paying tribute to Mrs Foo-Yap Siew Hong, Mr Ravi Menon, Managing Director, MAS, said “Siew Hong has given 39 years of dedicated service to MAS. She has made a significant impact across a variety of MAS’ functions and has helped to lay the foundation for MAS’ early approach to banking supervision, formulated the tools and techniques for risk-based supervision, and groomed a generation of MAS bank supervisors. We thank her for her many contributions and wish her the best in her future pursuits.”