The Monetary Authority of Singapore has announced a series of changes to its senior management lineup.

Starting 1 September2013, Teo Swee Lian steps down from the role as deputy managing director for financial supervision to become the special advisor in the managing director's office, where she will be more active in international regulatory work.

Teo will be succeeded by Ong Chong Tee, who relinquishes his current roles as deputy managing director for monetary policy and investment and deputy managing director for financial development. In his new post, he will oversee the banking and insurance, capital markets and policy, risk and surveillance groups.

Two assistant managing directors will also move up to take deputy managing director positions. 

Jacqueline Loh will assume Ong's old post, as well as become deputy managing director for development and international, where she will oversee the economic policy, markets and investment, and development and international groups. Dr Andrew Khoo has been named deputy managing director for corporate development, responsible for the finance, risk and currency, and corporate, HR and IT services groups.

Foo-Yap Siew Hong, current assistant managing director (currency, corporate services and human resource) leaves her post to become assistant managing director for special projects in the managing director's office. Foo will be replaced by Ng Nam Sin, who relinquishes his role as assistant managing director for development. 

Three executive directors will move up to take assistant managing director positions.

Chia Der Jiun will be named assistant managing director (markets and investment), Leong Sing Chiong will be assistant managing director (development and international), while Wong Nai Seng will be assistant managing director (policy, risk and surveillance).

Besides these senior changes, MAS will also make two additional appointments in the managing director's office.

Edward Robinson, presently assistant managing director (economic policy), will become the chief economist at MAS. In addition, he will deputise for the managing director in key economics-related forums and lead efforts in engaging the academic and economics communities in Singapore and globally.

Dr Sung Cheng Chih has also been named special advisor for risk management, which he has assumed since 1 July. Sung served as managing director and chief risk officer of the Government of Singapore Investment Corporation from 1993 to 2011.

"These changes are intended to strengthen our leadership bench, and to bring fresh perspectives to our core areas of work while maintaining the high level of expertise we have in these areas," noted Ravi Menon, managing director. 

View the new organisational chart of MAS as at 1 September 2013.