The Monetary Authority of Singapore is making four new senior management appointments as part of an continuing process to renew its leadership. There will also be two changes in senior appointments. The changes will take effect on 1 April.

Ms Ho Hern Shin, currently the Assistant Managing Director (Banking & Insurance), will be appointed Deputy Managing Director (Financial Supervision). She will take over from Mr Ong Chong Tee, who is leaving the organisation.

Three Executive Directors will move up to become Assistant Managing Directors. Mr Marcus Lim, currently Executive Director (Banking Department I), will be appointed Assistant Managing Director (Banking & Insurance), taking over from Ms Ho Hern Shin. Ms Cindy Mok, currently Executive Director (Monetary & Domestic Markets Management) and Executive Director (Organisation Development & Communications), will be appointed Assistant Managing Director (Finance, Risk & Currency), taking over from Mr Bernard Wee. Mr Wong Zeng Yi, currently Executive Director (Banking Department II), will be appointed Assistant Managing Director (Organisation & People Development), taking over from Mr Lim Tuang Lee.

Two senior managers will be re-designated. Mr Lim Tuang Lee, currently Assistant Managing Director (Organisation & People Development), will be re-designated as Assistant Managing Director (Capital Markets). He will be taking over from Mr Lee Boon Ngiap, Assistant Managing Director (Capital Markets), who is leaving the MAS. Meanwhile, Mr Bernard Wee, currently Assistant Managing Director (Finance, Risk & Currency), will be re-designated Assistant Managing Director (Markets & Investment).  He will be taking over from Mr Leong Sing Chiong, Deputy Managing Director (Markets & Development), who has been doing the job temporarily.