WHOLESALE BANKING | Staff Reporter, Singapore

Singapore central bank appoints new deputy managing director

Leong will take over as deputy managing director of markets and development.

The Monetary Authority of Singapore (MAS) has appointed Leong Sing Chiong as deputy managing director of markets and development, effective from 1 February 2021.

Leong would take up the mantle from Jacqueline Loh, who was previously the managing director of markets and development as well as corporate development. Loh would remain the deputy managing director of corporate development.

“Leong will oversee the markets and investment group which conducts money market and foreign exchange operations, issues Singapore Government Securities, and manages Singapore’s official foreign reserves, as well as the development and international group which promotes Singapore as an international financial centre creating good jobs and supporting vibrant financial markets,” a statement from the MAS read. ”Leong will also oversee the fintech and innovation group.”

Leong would continue being the assistant managing director of markets and investment until a successor was appointed.

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