Education
In 1983, Heng graduated with a Bachelor of Arts (Honours) degree in Economics from Cambridge University. Heng holds a Master of Arts in economics from the University of Cambridge.
In 1993, Heng obtained a Master of Public Administration from the John F. Kennedy School of Government at Harvard University.
He completed his pre-university education at Raffles Institution.
Career
He was previously the Minister for from May 2011 to September 2015. Prior to his election to Parliament, Heng served as the Managing Director of the Monetary Authority of Singapore (MAS) from 2005 to 2011. In 1983, Heng began his career in the Singapore Police Force where he was awarded the SPF Overseas Scholarship.
In 1997, he then joined the Singapore Civil Service"s Administrative Service.
He served a period at the Ministry of, before being appointed the Principal Private Secretary to former Prime Minister Lee Kuan Yew (who was then Senior Minister) in 1997. In 2001, Heng became the Permanent Secretary at the Ministry of Trade and Industry.
He then served as Managing Director of the Monetary Authority of Singapore from 2005 to 2011. In February 2011, Heng was named the Asia-Pacific Central Bank Governor of the Year by the British magazine The Banker.
At the 2011 general election, Heng was a People"s Action Party (PAP) candidate in the Tampines Group Representation Constituency (Tampines GRC).
Heng was one of five PAP candidates in his constituency in a team led by Minister for National Development Mah Bow Tan, which also included Irene Ng, Zulkifli Masagos and Baey Yam Keng. They faced a team from the National Solidarity Party (NSP), led by the party"s Secretary General Goh Meng Seng, along with Reno Fong, Syafarin Sarif, Raymond Lim and Gilbert Goh. (This represented a drop of 1129% from the PAP"s percentage of the votes in the constituency at the 2006 general election) On 18 May 2011, Prime Minister Lee Hsien Loong appointed Heng to the Cabinet as the Minister for In August 2012, Heng was tasked to lead a new ministerial committee to conduct a broad-based review of the Government"s policies and direction.
On 28 September 2015, it was announced that Heng will be the Minister of Finance from 1 October 2015.
Chairman of SG50 Steering Committee Minister for (2011–2015) Minister for Finance (2015–Present) Managing Director of the Monetary Authority of Singapore (2005–2011) Permanent Secretary at the Ministry of Trade and Industry (2001–2005) Principal Private Secretary to Senior Minister Lee Kuan Yew (1997–2000).
Membership
A member of the country"s governing People"s Action Party (PAP), he has been in the Cabinet serving as the Minister for Finance since October 2015. He has been a Member of Parliament (Member of Parliament) representing the Tampines Group Representation Constituency (Tampines GRC) since the 2011 general election. When he was introduced as a candidate, former Prime Minister (and Emeritus Senior Minister) Goh Chok Tong tipped Heng to be a potential minister and core member of Singapore"s fourth generation leadership team