Singapore, 17 February 2010…The Monetary Authority of Singapore (MAS) announced today that Shane Tregillis, currently Deputy Managing Director, Market Conduct, will leave MAS on 11 March 2010 on completion of his contract.

2. Mr Tregillis joined MAS in November 2001. He has been responsible for the regulation and supervision of market conduct. Mr Tregillis was instrumental in setting up the revised framework and internal structures for market conduct supervision to implement the Securities and Futures Act and Financial Advisers Act passed in 2002. He undertook numerous initiatives to raise the standards of the financial advisory industry over the years, including the recent publication of the Guidelines on Fair Dealing – Board and Senior Management Responsibilities for Delivering Fair Dealing Outcomes to Customers. Mr Tregillis is deeply committed to enhancing financial literacy. Among his many achievements is the MoneySENSE programme launched in 2003.

3. Heng Swee Keat, Managing Director, MAS, said, "MAS has benefited much from Shane's perspective on key policy and management issues. Shane has made many significant contributions to the organization. We appreciate his service over the years and wish him success in his new pursuits."

4. Teo Swee Lian, Deputy Managing Director, Prudential Supervision, will oversee the Market Conduct Group in addition to her current portfolio.

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