The Monetary Authority of Singapore announced that Mr Heng Swee Keat has relinquished his position as a member of the MAS Board of Directors with effect from 1 January 2026. MAS Board Chairman Mr Gan Kim Yong highlighted Mr Heng’s 20 years of contributions to the Board, including his tenure as Managing Director from 2005 to 2011, his role in steering MAS through the 2008 financial crisis, and oversight of reforms to strengthen risk management and corporate governance in financial institutions. The announcement also noted his contributions to Singapore’s development as a financial hub, including encouraging financial technology and innovation and talent development, and referenced an annex listing current Board members.
Monetary Authority of Singapore 2026-01-05
Monetary Authority of Singapore announces Heng Swee Keat has relinquished his MAS Board seat effective 1 January 2026
The Monetary Authority of Singapore announced that Mr Heng Swee Keat has stepped down from the MAS Board of Directors as of 1 January 2026, after 20 years of service, including his leadership during the 2008 financial crisis and contributions to Singapore's financial sector development.