Skip to main content

Advertisement

Advertisement

Dr Tony Tan to be GIC director, special advisor

SINGAPORE — Dr Tony Tan Keng Yam, former President of Singapore, will be director and special advisor to the Government of Singapore Investment Corporation (GIC) from Jan 1 next year.

Dr Tony Tan to be GIC director, special advisor

Dr Tony Tan Keng Yam, former President of Singapore, will be director and special advisor to the Government of Singapore Investment Corporation (GIC) from Jan 1 next year. TODAY file photo.

SINGAPORE — Dr Tony Tan Keng Yam, former President of Singapore, will be director and special advisor to the Government of Singapore Investment Corporation (GIC) from Jan 1 next year.

The 77-year-old was the vice-chairman and executive director of the sovereign wealth fund from September 2005 to June 2011, before he took up the presidency in 2011.

GIC, which was set up in 1981, manages Singapore’s foreign reserves and has investments in more than 40 countries, with about 12 per cent of its portfolio invested in Japan. The assets under its management are estimated to be about S$480 billion.

In a press release on Tuesday (Nov 21), Mr Lim Chow Kiat, chief executive officer of GIC, said: “As special advisor, Dr Tan will provide much value in broadening and strengthening GIC’s network of senior statesmen and leaders of corporations and institutions who may be constructive in advancing the business and interests of GIC. We will also benefit from his extensive knowledge and perspectives on global matters.”

Dr Tan became Singapore’s seventh head of state after the 2011 Presidential Election and served six years in that role. He stepped down recently as President Halimah Yacob assumed office.

He had spent 27 years as a Member of Parliament and was in charge of various government ministries, including being Education Minister and Deputy Prime Minister, before retiring from the Cabinet in 2005.

He had also been chairman of OCBC Bank (1992-1995), the Singapore Press Holdings (2005-2011), as well as the National Research Foundation (2006­-2011).

Read more of the latest in

Advertisement

Popular

Advertisement

Stay in the know. Anytime. Anywhere.

Subscribe to get daily news updates, insights and must reads delivered straight to your inbox.

By clicking subscribe, I agree for my personal data to be used to send me TODAY newsletters, promotional offers and for research and analysis.

Aa