Singapore regulator’s new tech group targets risky business
The Monetary Authority of Singapore (MAS) has created a new Technology Group (TG) to increase its focus when it comes to dealing with risks in the world of finance.
TG will comprise the Data Analytics Group, Information Technology Department, and the Technology & Cyber Risk Supervision Department.
MAS says the single group will help digital transformation, bring a more integrated approach to providing technology solutions and systems, and “strengthen supervision of continually evolving technology risks”.
Along with this organisational structure change, it’s made a whole load of new senior management appointments to shake up its leadership bench.
There are far too many people to mention, but two assistant MDs will move up to take on deputy MD positions; and three executive directors will become assistant MDs.
In addition, two senior management staff will be “re-designated” – which in English means they get a new job title.
There are some departures. Dr Andrew Khoo, deputy MD (corporate development), is leaving MAS. Ng Yao Loong, assistant MD (development and international), is also departing. No word on what they will do next.