The Monetary Authority of Singapore (MAS) has appointed a Chief Cyber Security Officer (CCSO), a new position that will play an important role in strengthening the cyber resiliency of MAS and the financial sector.
Mr Tan Yeow Seng, who is presently Executive Director (Technology Risk and Payments Department) at MAS, will concurrently hold the CCSO appointment. His responsibilities will include setting cyber resiliency standards and overseeing their implementation, said the regulator in a statement last week. According to Mr Tan's LinkedIn profile, he has worked at the MAS since 1998.
The MAS also announced other changes to its senior management team:
- Ms Ho Hern Shin, currently Executive Director (Insurance Department), will be appointed as Assistant Managing Director (Banking & Insurance). She will take over the position from Mr Chua Kim Leng, who has requested to relinquish his current role to take up an advisory position. Mr Chua will be appointed as Special Advisor (Financial Supervision Group).
- Ms Loo Siew Yee, currently Executive Director (Banking Department I), will be appointed as Assistant Managing Director (Policy, Risk & Surveillance). She will take over the position from Mr Wong Nai Seng. Mr Wong will leave MAS in early 2018 to pursue other interests.
All changes will take effect on 1 December 2017.