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                BANKS & FINANCIAL INSTITUTIONS
 MONETARY AUTHORITY – Cont’d
MONETARY AUTHORITY OF SINGAPORE – Cont’d FINANCIAL CENTRE DEVELOPMENT DEPARTMENT:
The Financial Centre Development Department supports the growth of Singapore as an international financial centre through nurturing an attractive and conducive business environment for financial institutions, and deepening Singapore’s position as a pan-Asian banking hub. The department fosters key strategic activities and capabilities that contribute to these objectives.
Director and Department Head..................... Ms Thong Leng Yeng
Banking Development Division
Deputy Director & Head ............................................ Ms Kelly Teo
Business Competitiveness Division
Director & Head ................................................. Mr Wei Ker-Yang
FINANCIAL MARKETS DEVELOPMENT DEPARTMENT:
The Financial Markets Development Department aims to promote a vibrant financial market in Singapore, with a focus on developing the capital market, asset management and insurance sectors, and to foster a sound and innovative technology, payments and exchange infrastructure.
Executive Director................................................... Ms Gillian Tan
Asset Management & Insurance Development
Deputy Director & Head ......................................... Ms Elean Chin
Financial Products & Solutions
Deputy Director ................................................... Ms Michelle Tan
INTERNATIONAL DEPARTMENT:
The International Department shapes the development of MAS’ policies on international monetary and financial issues, enabling MAS to play an active role in international financial fora. Working closely with other Singapore government agencies, the department promotes cooperation with other central banks, finance ministries and international financial institutions.
Executive Director........................................................Ms Luz Foo
International Finance Division
Deputy Director and Head ..................................Ms Angeline Lam
Regional Development Division
Director and Head .............................................. Ms Denise Wong
BEIJING OFFICE:
Executive Director........................................................Ms Luz Foo
FINTECH & INNOVATION GROUP:
The Fintech and Innovation Group (FTIG) is responsible for regulatory policies and development strategies for technology and innovation, to better manage risks, enhance efficiency and strengthen competitiveness in the financial sector.
Chief Fintech Officer..................................Mr Sopnendu Mohanty
Payments Fintech Office
Deputy Director and Head............................Mr Foo Chek-Tchung
Fintech Infrastructure Office
Deputy Chief Fintech Officer and Head............... Mr Damien Pang
Fintech Ecosystem Office
Deputy Chief Fintech Officer & Head .................. Mr Damien Pang
Artificial Intelligence Development Office
Deputy Director and Head ........................................ Dr Li Xuchun
SPECIAL ADVISOR (ARTIFICIAL INTELLIGENCE):
Special Advisor (Artificial Intelligence)................Dr David Hardoon
FINANCIAL SUPERVISION:
Deputy Managing Director .............................. Mr Ong Chong Tee
BANKING AND INSURANCE GROUP:
Assistant Managing Director .............................. Ms Ho Hern Shin
BANKING DEPARTMENT 1:
The three Banking Departments collectively supervise licensed and regulated banks, merchant banks and finance companies in Singapore. They foster the stability and strength of Singapore’s financial system by monitoring the safety and soundness of the financial institutions that they supervise, and promoting the adoption of international best practices in corporate governance and risk management. Banking Department I supervises the local banking groups on a consolidated basis, and certain foreign banks.
Executive Director..................................................Mr Marcus Lim Directors/Heads
Division I ............................................................ Ms Tay Yen Joo Division II.......................................................Ms Tan Yee Theng Division III ........................................................... Ms Sin Wun Yi
BANKING DEPARTMENT 2:
Executive Director...............................................Mr Wong Zeng Yi Directors/Heads
Division I.............................................................Ms Tan Jia Hui Division II ...........................................................Ms Teo Lay Har Division III ........................................................... Ms Joyce Tong
Financial Risk Specialist.........................................Ms Justina Lew
BANKING DEPARTMENT 3:
Executive Director............................................ Mr Tai Boon Leong Directors/Heads
Division I..............................................................Ms Philip Low Division II ...................................................................... Mr Neo Division III........................................................Ms Goh Soo Hui
INSURANCE DEPARTMENT:
Executive Director................................................ Mr Daniel Wang Deputy Director/Head
Division I ................................................................ Mr Clive Tan Directors/Heads
Division II ........................................................... Mr Mike Wong Division III ..................................................... Mr Fong Wai Seng Supervisory Analytics Division ...............................Ms Lee Wai Yi
INSPECTION AND SUPERVISORY METHODOLOGIES DEPARTMENT: Executive Director and Chief Examiner ..............Ms Mok Pei Hong Deputy Chief Examiners & Heads
Inspection Division I ........................................ Ms Foo Swee Lih Inspection Division II .................................... Mr Thng Teck Soon Inspection Division III............................................Ms Karen Lim
Supervisory Methodologies, Tools & Analytics
Deputy Director and Head ................................... Mr Ethan Goh
SPECIAL PROJECTS: Director.................................................................Ms Lee Keng Yi
CAPITAL MARKETS GROUP:
Assistant Managing Director .......................... Mr Lee Boon Ngiap
CAPITAL MARKETS INTERMEDIARIES I:
The Capital Markets Intermediaries (CMI) Departments have collective responsibility for the admission and supervision of capital markets intermediaries, including securities and derivatives
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SINGAPORE BANKING & FINANCIAL SERVICES DIRECTORY 2020/2021
 






























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