The Monetary Authority of Singapore announced changes to its senior management team and created a new cyber security position.
Ho Hern Shin, currently executive director (Insurance Department), will be appointed as assistant managing director (Banking & Insurance). She will take over the position from Chua Kim Leng, who has requested to relinquish his current role to take up an advisory position. Chua will be appointed as Special Advisor (Financial Supervision Group).
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 Wong Nai Seng. Wong will leave the Monetary Authority of Singapore(MAS) in early 2018 to pursue other interests.
MAS has also appointed Tan Yeow Seng as chief Cyber Security officer (CCSO). This is a new position that will include setting cyber resiliency standards and overseeing their implementation.
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, the regulator said in a press release.
