MAS announced appointment of New Deputy Managing Director

The Monetary Authority of Singapore (MAS) has announced the appointment of Leong Sing Chiong as Deputy Managing Director (Markets & Development).

The appointment takes effect on 1 February 2021, MAS said in a press release.

Leong will oversee the Markets and Investment Group which conducts money market and foreign exchange operations, issues Singapore Government Securities, and manages Singapore’s official foreign reserves, as well as the Development and International Group which promotes Singapore as an international financial centre creating good jobs and supporting vibrant financial markets, reports MAS. Leong will also oversee the FinTech and Innovation Group.

Leong takes over the position from Jacqueline Loh, Deputy Managing Director (Markets & Development and Corporate Development). Loh will remain as Deputy Managing Director (Corporate Development). Leong will also continue in his current role as Assistant Managing Director (Markets & Investment) until a successor is appointed.