Singapore Central Bank MAS Pays Tribute to ex-MAS Deputy Chairman Lee Ek Tieng Who Died at Age 91 (9/4/25), MAS Managing Director (1989 to 1997) & Deputy Chairman (1998 to 2000), Oversaw MAS Management of Barings Bank Collapse in 1995, Increased Regulation of Futures Trades, Strengthened Risk Management in Financial Institution & Strengthened Cooperation with Regional Central Banks
11th April 2025 | Hong Kong
Singapore central bank Monetary Authority of Singapore (MAS) pays tribute to ex-MAS Deputy Chairman Lee Ek Tieng who died at age 91 (9/4/25). Lee Ek Tieng was MAS Managing Director (1989 to 1997) & Deputy Chairman (1998 to 2000), overseeing MAS management of Barings Bank collapse in 1995, increased regulation of futures trades, strengthened risk management in financial institution & strengthened cooperation with regional central banks. Singapore MAS (10/4/25): “The management and staff of the Monetary Authority of Singapore (MAS) are saddened to learn of the passing of Mr Lee Ek Tieng, who served as MAS’ Managing Director from November 1989 to December 1997 and Deputy Chairman from January 1998 to December 2000. MAS conveys its deepest condolences to the family of the late Mr Lee. Mr Lee oversaw MAS’ management of the collapse of Barings Bank in 1995. Subsequently, he guided MAS to implement crucial measures to enhance the regulation of futures traders and strengthen risk management in financial institutions. Mr Lee strengthened MAS’ cooperation with regional central banks and fostered closer relationships with them through dialogue, exchanges and collaboration. Mr Lee has left for MAS a legacy of stewardship and service – by striving for high standards of excellence and dedication to public service that defined his remarkable career. He was instrumental in the transformation of MAS, fostering better coordination and integration of policies across departments, greater transparency as an organisation, and a more cohesive organisation. MAS is grateful to Mr Lee for his sterling service and exemplary leadership.”
“ Singapore Central Bank MAS Pays Tribute to ex-MAS Deputy Chairman Lee Ek Tieng Who Died at Age 91 (9/4/25), MAS Managing Director (1989 to 1997) & Deputy Chairman (1998 to 2000), Oversaw MAS Management of Barings Bank Collapse in 1995, Increased Regulation of Futures Trades, Strengthened Risk Management in Financial Institution & Strengthened Cooperation with Regional Central Banks “
Singapore Central Bank MAS Pays Tribute to ex-MAS Deputy Chairman Lee Ek Tieng Who Died at Age 91 (9/4/25), MAS Managing Director (1989 to 1997) & Deputy Chairman (1998 to 2000), Oversaw MAS Management of Barings Bank Collapse in 1995, Increased Regulation of Futures Trades, Strengthened Risk Management in Financial Institution & Strengthened Cooperation with Regional Central Banks
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