SINGAPORE – The Budgetary Authority of Singapore (MAS) on Wednesday (March 6) appear new arch administration changes and the ambience up of a technology accumulation (TG) to drive the axial bank’s agenda transformation.
The new accumulation will comprise MAS’ absolute abstracts analytics group, its advice technology department, as able-bodied as its technology & cyber accident administration department.
Its accumulation will accredit a added chip access to accouterment technology solutions, and strengthen administration of always evolving technology risks in the banking sector, said MAS.
Vincent Loy, who was ahead Accenture Singapore’s managing administrator and banking casework leader, will be appointed abettor managing administrator of technology. Prior to his role at Accenture, Mr Loy led PricewaterhouseCoopers UK’s banking casework technology accident practice. He will address to Mr Ong Chong Tee, MAS agent managing administrator of banking supervision, and Mr Chia Der Jiun, its agent managing administrator of accumulated development.
Lawrence Ang, who is currently controlling administrator of advice technology (IT), will be re-designated as arch advice administrator to bigger reflect the functions he has been assuming as arch of the IT department, MAS said.
MAS additionally appear assorted arch administration changes, as allotment of an advancing action to renew its administration bank and strengthen synergies beyond its key functions, it said.
Two abettor managing admiral will move up to booty on agent managing administrator positions:
• Edward Robinson, currently abettor managing administrator of bread-and-butter policy, will be appointed agent managing administrator of bread-and-butter policy. He retains his accepted appellation as arch economist, and will accept albatross for macroprudential surveillance.
• Chia Der Jiun, who is currently abettor managing administrator of corporate, HR and IT services, will be appointed agent managing administrator of accumulated development. He will accomplish Dr Andrew Khoo, who is abrogation MAS.
Additonally, three controlling admiral will be answer to abettor managing directors:
• Bernard Wee, currently controlling administrator of prudential policy, will be appointed abettor managing administrator of finance, accident & currency. He succeeds Low Kwok Mun, who will be seconded to the Singapore Deposit Insurance Corporation as its CEO, able April 1.
• Benny Chey, currently controlling administrator of assets management, will be appointed abettor managing administrator of the development & all-embracing accumulation from April 1. He will booty over from Ng Yao Loong, who is abrogation MAS.
• Lim Tuang Lee, currently controlling administrator of Banking Administration I, will be appointed abettor managing administrator of organisation & bodies development. He will baby-sit the anew created organisation & bodies development group, which comprises the animal resource, training, organisational development, and abode accompanying departments, MAS said.
Lastly, two arch administration agents will be re-designated:
• Jacqueline Loh, agent managing administrator of budgetary action & investment/development & international/fintech & innovation, will be re-designated agent managing administrator of markets & development. She will abide to baby-sit the assorted groups in her new role, MAS noted.
• Loo Siew Yee, abettor managing administrator of policy, accident and surveillance, will be re-designated abettor managing administrator of policy, payments and banking crime. She will baby-sit the policy, payments & banking abomination group, absolute cross-functional departments such as the prudential action department, anti-money bed-making department, and the administration department.
All accessories and organisational changes booty aftereffect from May 1, unless contrarily stated, said MAS.
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