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Leong Sing Chiong
Deputy Managing Director, Markets & Development
Monetary Authority of Singapore
Mr Leong Sing Chiong was appointed as Deputy Managing Director for Markets and Development on 1 February 2021. He oversees the Markets & Investment, Development & International, FinTech & Innovation, as well as Sustainability Groups. Prior to this, Mr Leong served as Assistant Managing Director overseeing the Monetary & Domestic Markets Management Department and the Reserves Management Department since June 2018. He also served as Assistant Managing Director of the Development and International Group from 2013-2018.
Mr Leong began his MAS career with the Reserves Management Department in 1993 and served as Staff Assistant to the Managing Director from 1997-1998. In 1999, he joined the Monetary Management Division and was responsible for the implementation of MAS’ monetary policy and money market operations. Thereafter, Mr Leong was appointed Chief Representative of MAS’ London Representative Office from 2002-2004. Mr Leong spent six years with the International Department from 2004-2010 and was appointed as the Executive Director of Financial Centre Development Department from 2010-2013.
Mr Leong is a recipient of the Public Administration Medal (Silver) in August 2024 and the Public Administration Medal (Gold) in August 2026. He holds a B.Sc Economics (Monetary Economics) from the London School of Economics and is married with two children.
Speaking at SFF 2026
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11:05–11:45amFri 20 NovFestival StageHall 1, Singapore EXPOPremium
Policy Rewiring
A Multi-Rail Future: What Should Come First?
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H.E. Chea SereyGovernorNational Bank of Cambodia
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Piero CipolloneMember of the Executive BoardEuropean Central Bank
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H.E. Sheikh Ahmed bin Khalid Al-ThaniDeputy GovernorQatar Central Bank
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Leong Sing ChiongDeputy Managing Director, Markets & DevelopmentMonetary Authority of Singapore
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Maha El DimachkiChief Executive Officer, GFTN SolutionsGlobal Finance & Technology Network (GFTN)Moderator
About this session
We are moving towards a multi-rail, multi-money world, where different forms of money and payment systems coexist. Interoperability matters, but so do the integrity and resilience of the financial system. How can policymakers advance these priorities together, and are there trade-offs to be made?
This session examines what it will take to build a trusted multi-rail financial system, and whether interoperability, inclusion, consumer protection and resilience can advance together — or whether some priorities must come first. With financial systems developing at different speeds across markets, the discussion asks where policymakers should focus their efforts today to deliver the greatest benefits for users and businesses. -
