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SINGAPORE : The Monetary Authority of Singapore (MAS) on Monday announced a new organisation structure along with the appointment of seven new assistant managing directors.
Previously reorganised in 2002, MAS said the new structure will enable it to respond more effectively to the rapidly-changing economic and financial landscape.
The appointment of additional assistant managing directors will better support the managing director and the deputy managing directors in delivering MAS' operational and strategic goals.
Given the increasing overlap in the banking, insurance and capital markets, MAS said it will adopt an integrated supervision structure.
Deputy Managing Director Teo Swee Lian will oversee Financial Supervision.
Reporting to Ms Teo are Assistant Managing Director Lee Boon Ngiap, who will oversee banking, insurance and complex institutions.
Assistant Managing Director Leo Mun Wai will oversee capital markets and investment intermediaries, while assistant managing director Andrew Khoo will oversee specialist risk macroeconomic surveillance and supervisory policy.
Meanwhile, Deputy Managing Director Ong Chong Tee will oversee MAS' central banking functions relating to Monetary Policy, Markets and Investment, as well as the Development functions.
Reporting to Mr Ong are Assistant Managing Director Lee Chuan Teck, who will oversee reserve management and monetary & domestic markets management.
Assistant Managing Director Edward Robinson will oversee economic surveillance and economic analysis, while Assistant Managing Director Ng Nam Sin will oversee financial strategy and financial development.
Rounding up the new organisation structure is Assistant Managing Director Jacqueline Loh, overseeing finance, information technology and the Risk Office.
Foo-Yap Siew Hong will be appointed Special Projects Advisor to the managing director, overseeing - among other things - the enhancement of e-payments and the national payments system.
Mrs Foo-Yap will also chair the Singapore Clearing House Association.
The new structure and appointments will take effect from April 1. - CNA/ms
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