On 25 September 2024, the Monetary Authority of Singapore (MAS) announced the formation of Singapore’s new Cyber and Technology Resilience Experts (CTREX) Panel, replacing its previous Cyber Security Advisory Panel. The CTREX Panel will have a broader mandate, encompassing both cybersecurity and technology resilience. This dual focus is seen as essential to the operational resilience of Singapore’s financial sector, particularly as financial institutions become increasingly reliant on technology for delivering services.
The SG CTREX Panel will advise MAS on emerging technology risks, cyber threats facing the financial sector and recommend strategies and measures to bolster the sector’s technology and cyber resilience. The Panel of 13 global experts and thought leaders in cybersecurity and technology resilience will convene its inaugural meeting in mid-2025. This panel will provide global perspectives and insights to help MAS and the financial industry develop the capabilities necessary to address the growing risks posed by technological advancements and cybersecurity threats.
The newly established CTREX Panel consists of 13 globally recognised leaders in cybersecurity and technology resilience, each bringing unique expertise to strengthen Singapore’s financial sector. Ms. Ann Barron-DiCamillo, Managing Director and Global Head of Cybersecurity Operations at Citigroup Inc., is known for her extensive experience in financial cybersecurity operations. Ms. Ann Johnson, Corporate Vice President and Deputy Chief Information Security Officer at Microsoft, specialises in cyber defense strategies for large-scale enterprises. Mr. Assaf Keren, Senior Vice President and Chief Security Officer at Qualtrics, brings his expertise in securing technology-driven organisations.
Mr. Bradley Peterson, Executive Vice President, Chief Technology Officer, and Chief Information Officer at Nasdaq Inc., has a strong background in technology innovation and its application in financial markets. Mr. Brian Fox, Co-founder and Chief Technology Officer of Sonatype, is an expert in software supply chain security, while Mr. Chris Betz, Chief Information Security Officer at Amazon Web Services, has deep insights into cloud security for global enterprises. Singapore’s own Mr. David Koh, Commissioner of Cybersecurity and Chief Executive of the Cyber Security Agency of Singapore, will contribute his government and policy-level expertise to the panel.
Ms. Jaya Baloo, Chief Security Officer at Rapid7, is an expert in advanced cyber defense techniques, and Ms. Monique Shivanandan, Group Chief Data and Analytics Officer at HSBC, brings their expertise and knowledge in data security and analytics in financial services. Mr. Phil Venables, Chief Information Security Officer at Google Cloud, has vast experience in managing enterprise-level cyber risks. Sir Robert Wainwright, Group Chief Information Security Officer at UBS, offers a strong background in financial cybersecurity strategy, while Mr. Ronald Green, Cybersecurity Fellow at Mastercard, is known for his work on global payments security. Dr. Serg Bell, Founder of Acronis and Constructor Group, brings a visionary approach to technology resilience with his expertise in data protection and cloud-based solutions.
Mr. Chia Der Jiun, Managing Director of MAS, in his statement discussed the importance of maintaining technology resilience and effectively managing cyber risks, noting “As financial institutions become increasingly reliant on technology to deliver services, it is critical for them to be able to maintain technology resilience and manage cyber risks well. We look forward to tapping on the CTREX Panel to provide global perspectives to MAS and the industry on building these important capabilities, as we continue to forge ahead on our digitalisation journey.”
