On 5 January 2026, the Monetary Authority of Singapore, announced that Mr Heng Swee Keat has relinquished his position with effect from 1 January 2026. The MAS Board, chaired by Mr Gan Kim Yong, formally acknowledged Mr Heng’s extensive contributions over a period spanning two decades, including his leadership as Managing Director between 2005 and 2011. During this period, MAS navigated the global financial crisis, reinforced prudential supervision, and advanced reforms in risk management and corporate governance across regulated institutions.
Mr Gan Kim Yong, Chairman of the Monetary Authority of Singapore Board, stated, “We deeply appreciate Mr Heng’s contributions to the MAS Board over the past 20 years, including in his role as Managing Director from 2005 to 2011. He was instrumental in steering MAS through the 2008 financial crisis, oversaw reforms to strengthen risk management and corporate governance in financial institutions, and enhanced MAS’ standing in global financial circles. He also contributed to Singapore’s development as a financial hub, encouraged the adoption of financial technology and innovation, and the development of talent. His sharp insights and wisdom were tremendous assets for the MAS Board. We wish him the best in his future endeavours.”
(Source: https://www.mas.gov.sg/news/media-releases/2026/change-to-board-member-of-mas)
