Heng, who is the chairman of the National Research Foundation and a director of GIC's board, was the DPM between 2019 and 2025. He also previously served as the Minister for Education, Minister for Finance and the Coordinating Minister for Economic Policies. Heng, who was tipped to be Singapore’s next Prime Minister, said he will be stepping back as the leader of the fourth-generation (4G) leadership team of the People’s Action Party (PAP) in April 2021. The move meant that Heng would also no longer be in consideration to be the next Prime Minister.
Former deputy prime minister (DPM) Heng Swee Keat has stepped down from his position as a member of the Monetary Authority of Singapore’s (MAS) board of directors.
According to MAS’s statement, issued on Jan 5, Heng relinquished his position from Jan 1.
