Singapore's Ex-Deputy PM Steps Down From MAS Board
The Monetary Authority of Singapore has announced the exit of a 20-year member who has made contributions across risk management, fintech and more.
Heng Swee Keat has relinquished his position as a member of the Monetary Authority of Singapore’s (MAS) board of directors from 1 January 2026, according to a statement. Heng has contributed to the board of the city-state’s watchdog for 20 years, including as managing director from 2005 and 2011. He was also Singapore’s former Deputy Prime Minister and retired from politics in April 2025 after 45 years in public service.
«[Heng] 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,» said MAS chair Gan Kim Yong.
«His sharp insights and wisdom were tremendous assets for the MAS Board. We wish him the best in his future endeavors.»
