MAS Heng Swee Keat steps down
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Mar 30, 2011 - Straits Times
Heng Swee Keat, 49 (R), will retire from the Administrative Service on April 2, and is likely to enter politics. Ravi Menon, 47 (L), will take over his post in MAS. -- PHOTO: PUBLIC SERVICES DIVISION
MANAGING director of the Monetary Authority of Singapore (MAS) Heng Swee Keat, 49, will retire from the Administrative Service on April 2, and is likely to enter politics.
His post, which he has held for the last six years, will be taken over by Permanent Secretary (Trade and Industry) Ravi Menon, 47, who is giving up his role on the same day.
Ms Ow Foong Pheng, Second Permanent Secretary (Trade and Industry), will cover Mr Menon's duties until a replacement has been found, said a statement from the Public Service Division, Prime Minister's Office, on Wednesday.
Paying tribute to Mr Heng's 27 years of distinguished public service and achievements, PSD said: 'Mr Heng contributed to the development of Singapore into a well-respected financial centre, underpinned by high standards of regulation and supervision.
'MAS also navigated the recent financial crisis well, skillfully managing our monetary policy, maintaining the stability of the Singapore dollar, and ensuring financial sector resilience and public confidence.'
Mr Heng was awarded the Meritorious Service Medal in 2010 for his achievements and outstanding contributions to the Public Service.
Heng Swee Keat
- A Singapore Police Force Overseas Scholar, he joined the Singapore Police Force after graduating with a Bachelor of Arts (Honours) degree in Economics from Cambridge University in 1983.
- Obtained a Masters degree in Public Administration from Harvard University in 1993.
- Joined the Administrative Service in 1997. He served in the Ministry of Education before his appointment as Principal Private Secretary to then-Senior Minister Kuan Yew from 1997 to 2000.
- Appointed Deputy Secretary in the Ministry of Trade and Industry in 2000 and concurrently Chief Executive Officer, Trade Development Board in January 2001.
- Appointed Permanent Secretary (Trade and Industry) in October 2001.
- When he was in the Ministry of Trade and Industry, Mr Heng oversaw the negotiations of free trade agreements, and led the negotiation with India as the Chief Negotiator. He coordinated the work of seven economic agencies under MTI.
- Became Managing Director of MAS in June 2005.
Ravi Menon
- Holds a Bachelor of Social Science (Honours) degree in Economics from the National University of Singapore and a Masters degree in Public Administration from Harvard University.
- Started his career in the MAS in 1987 as a Central Banking Officer and became its Assistant Managing Director in 2002.
- He spent a year at the Bank for International Settlements in Basel, Switzerland, as a member of the Secretariat to the Financial Stability Forum, which was established in 1999 by G7 Finance Ministers and Central Bank Governors to promote global financial stability.
- During his 16 years at the MAS, he was involved in monetary policy, macroeconomic analysis, banking regulation and liberalisation, and organisational development.
- Seconded to the Ministry of Finance in 2003 where he was appointed Deputy Secretary (Policy).
- Joined the Administrative Service in 2005.
- In 2007, he was appointed Second Permanent Secretary (Trade and Industry) and in 2009, he was appointed Permanent Secretary (Trade and Industry).
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MIW candidate No13.
election's nearing.
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'MAS also navigated the recent financial crisis well, skillfully managing our monetary policy."
tats a damn gud skill for under carpet sweepin
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if heng join pap hidden haven ntuc as "somebody", then confirm.
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Originally posted by Leomanz:
if heng join pap hidden haven ntuc as "somebody", then confirm.
can go to glc too.
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Originally posted by Clivebenss:
Mar 30, 2011 - Straits Times
Heng Swee Keat, 49 (R), will retire from the Administrative Service on April 2, and is likely to enter politics. Ravi Menon, 47 (L), will take over his post in MAS. -- PHOTO: PUBLIC SERVICES DIVISION
MANAGING director of the Monetary Authority of Singapore (MAS) Heng Swee Keat, 49, will retire from the Administrative Service on April 2, and is likely to enter politics.
His post, which he has held for the last six years, will be taken over by Permanent Secretary (Trade and Industry) Ravi Menon, 47, who is giving up his role on the same day.
Ms Ow Foong Pheng, Second Permanent Secretary (Trade and Industry), will cover Mr Menon's duties until a replacement has been found, said a statement from the Public Service Division, Prime Minister's Office, on Wednesday.
Paying tribute to Mr Heng's 27 years of distinguished public service and achievements, PSD said: 'Mr Heng contributed to the development of Singapore into a well-respected financial centre, underpinned by high standards of regulation and supervision.
'MAS also navigated the recent financial crisis well, skillfully managing our monetary policy, maintaining the stability of the Singapore dollar, and ensuring financial sector resilience and public confidence.'
Mr Heng was awarded the Meritorious Service Medal in 2010 for his achievements and outstanding contributions to the Public Service.
Heng Swee Keat
- A Singapore Police Force Overseas Scholar, he joined the Singapore Police Force after graduating with a Bachelor of Arts (Honours) degree in Economics from Cambridge University in 1983.
- Obtained a Masters degree in Public Administration from Harvard University in 1993.
- Joined the Administrative Service in 1997. He served in the Ministry of Education before his appointment as Principal Private Secretary to then-Senior Minister Kuan Yew from 1997 to 2000.
- Appointed Deputy Secretary in the Ministry of Trade and Industry in 2000 and concurrently Chief Executive Officer, Trade Development Board in January 2001.
- Appointed Permanent Secretary (Trade and Industry) in October 2001.
- When he was in the Ministry of Trade and Industry, Mr Heng oversaw the negotiations of free trade agreements, and led the negotiation with India as the Chief Negotiator. He coordinated the work of seven economic agencies under MTI.
- Became Managing Director of MAS in June 2005.
Ravi Menon
- Holds a Bachelor of Social Science (Honours) degree in Economics from the National University of Singapore and a Masters degree in Public Administration from Harvard University.
- Started his career in the MAS in 1987 as a Central Banking Officer and became its Assistant Managing Director in 2002.
- He spent a year at the Bank for International Settlements in Basel, Switzerland, as a member of the Secretariat to the Financial Stability Forum, which was established in 1999 by G7 Finance Ministers and Central Bank Governors to promote global financial stability.
- During his 16 years at the MAS, he was involved in monetary policy, macroeconomic analysis, banking regulation and liberalisation, and organisational development.
- Seconded to the Ministry of Finance in 2003 where he was appointed Deputy Secretary (Policy).
- Joined the Administrative Service in 2005.
- In 2007, he was appointed Second Permanent Secretary (Trade and Industry) and in 2009, he was appointed Permanent Secretary (Trade and Industry).
What is tis???
Does this mean just because a person is a graduate from Harvard and Cambridge means he is more capable than other people with mediocre degrees?
Not fair. Why can't for once I hear people from government top positions work their way up from a decent poor family rather than those spoiled rich man sons who can afford to send them to Harvard and Cambridge to study?
I hear that there are businessmen in India and Malaysia who don't even have primary school education, can succeed and become billionaires, all coming from the roots of poor family. Not like Singapore which is entrenched in elitism and the need to have prestigous education. I felt that people with normal degrees can perform just as well as those who graduated from Ivy league universities.
Don't forget the Unabomber had degrees from Ivy League Schools, a genuis at 15 because he enrolled in UCLA that year. But he was kicked out as a PHD professor because he lacked EQ and later endulged in terrorism.
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Where and what was he doing when those from CLOB and Leehman's Bros minibonds happened?
Such man is no different from WKS.
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Apr 1, 2011 - Straits Times
Heng Swee Keat has 'potential to be Minister'SENIOR Minister Goh Chok Tong said in a post on his Facebook page on Friday that Mr Heng Swee Keat, 49, who is stepping down as head of Monetary of Singapore (MAS), is of ministerial calibre.'A high flyer and sound central banker, he has the potential to be a Minister and core member of fourth generation team,' SM Goh wrote.
'Glad he is prepared to take (the) rough and tumble of politics.'
Mr Heng will step down as the managing director of MAS on Saturday, after six years in the role.
Mr Ravi Menon, 47, currently Permanent Secretary at the Ministry of Trade and Industry (MTI), will replace him at the helm of Singapore's central bank and financial regulator.
Mr Heng has been widely tipped to enter politics and SM Goh's post is the first confirmation by the ruling party that he will be part of the new slate of candidates.
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Is this an April Fool joke?
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Originally posted by Clivebenss:
Where and what was he doing when those from CLOB and Leehman's Bros minibonds happened?
Such man is no different from WKS.
He was preparing to be the next potential Minister.
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Originally posted by Nelstar:
He was preparing to be the next potential Minister.
good job.