Board of Directors

Director, GIC Board
Member, GIC Investment Strategies Committee

Heng Swee Keat is Deputy Prime Minister and the Minister for Finance. He is a member of the GIC Investment Strategies Committee. Mr Heng is Coordinating Minister for Economic Policies, as well as the chairman of the Future Economy Council and the National Research Foundation. He also served as Minister for Education from 2011 to 2015. Before entering politics in 2011, he was Managing Director of the Monetary Authority of Singapore. He also served as Permanent Secretary of the Ministry of Trade and Industry,  as well as CEO of the Trade Development Board. Between 1997 and 2000, he was Principal Private Secretary to then-Senior Minister Lee Kuan Yew.

Mr Heng holds a Master of Arts in Economics from Cambridge University, and a Master in Public Administration from the Kennedy School of Government at Harvard University.

Director, GIC Board
Chairman, GIC International Advisory Board

Teo Chee Hean is Senior Minister and Coordinating Minister for National Security. He chairs the GIC International Advisory Board. He currently oversees the Smart Nation and Digital Government Group, National Security Coordination Secretariat, National Population and Talent Division, and National Climate Change Secretariat under the Prime Minister’s Office. He was Deputy Prime Minister for 10 years, and has held Cabinet positions in Home Affairs, Defence, Education, Finance, Environment, and Communications. Prior to entering politics in 1992, he was the Chief of Navy holding the rank of Rear Admiral.

Mr Teo graduated with a Bachelor of Science (First Class Honours) in Electrical Engineering and Management Science from the University of Manchester. He holds a Master of Science (Distinction) in Computing Science from Imperial College and a Master in Public Administration from Harvard University.

Director, GIC Board

Member, GIC Investment Strategies Committee

Lawrence Wong is the Minister for Education and Second Minister for Finance. He is a member of the GIC Investment Strategies Committee. He chairs the Singapore Labour Foundation, and is a member of the Research Innovation and Enterprise Council and the National Research Foundation Board. Mr Wong began his career as a civil servant, and his portfolio included Chief Executive of the Energy Market Authority and the Principal Private Secretary to Prime Minister Lee Hsien Loong. He was elected a Member of Parliament in May 2011 and subsequently held positions in the Ministry of Defence, the Ministry of Education, the Ministry of Communications and Information, the Ministry of Culture, Community and Youth, and Ministry of National Development.

Mr Wong obtained his Bachelor’s and Master’s degrees in Economics from the University of Wisconsin-Madison and the University of Michigan, Ann Arbor respectively. He also holds a Master in Public Administration from the Kennedy School of Government at Harvard University.

Director, GIC Board
Chairman, GIC Risk Committee
Member, GIC Investment Strategies Committee

Lim Hng Kiang is the Special Advisor to the Ministry of Trade and Industry. He chairs the GIC Risk Committee and is a member of the Investment Strategies Committee. He is also Deputy Chairman of the Monetary Authority of Singapore. Previously, Mr Lim was Minister for Trade and Industry from 2004 until 2015, when the Ministry was carved into two portfolios. He was then appointed Minister for Trade and Industry (Trade) until he stepped down in May 2018. In his current appointment, Mr Lim provides advice on the Ministry’s economic strategies to grow Singapore’s capabilities and international economic space. He has held Cabinet posts in National Development, Health, Foreign Affairs, Finance and the Prime Minister’s Office. Before entering politics in 1991, he was Deputy Secretary in the Ministry of National Development.

Mr Lim graduated from Cambridge University with First Class Honours (Distinction) in Engineering. He later earned a Master in Public Administration from Harvard University.

Director, GIC Board
Chairman, GIC Investment Board
Member, GIC Investment Strategies Committee

Ang Kong Hua is the Chairman of Sembcorp Industries. He chairs the GIC Investment Board and sits on the Investment Strategies Committee. He has helmed several of Singapore’s biggest companies, bringing years of experience spanning the manufacturing, services and financial sectors. Mr Ang started his career at the Economic Development Board. He then joined DBS Bank at its inception in 1968 and pioneered its investment banking division. From 1974, he was CEO of NSL (formerly NatSteel) until he retired in 2003, and stayed as its Executive Director until 2010. He was previously Chairman of Singapore Telecommunications and Singapore Post, Vice Chairman of Neptune Orient Lines, and a Director of DBS Bank, CIMC Raffles Offshore (Singapore) and k1 Ventures.

Mr Ang holds a Bachelor of Science (Honours) in Economics from the University of Hull.

Director, GIC Board
Chairman, GIC Human Resource & Organization Committee
Deputy Chairman, GIC Investment Strategies Committee

Peter Seah Lim Huat is the Chairman of DBS Group Holdings. He chairs GIC’s Human Resource and Organization Committee, and is Deputy Chairman of the Investment Strategies Committee. He heads the boards of Singapore Airlines, Singapore Health Services, LaSalle College of the Arts, and chairs the National Wages Council. He was a banker for 33 years before retiring as Vice Chairman and CEO of the former Overseas Union Bank in 2001. He was also President and CEO of the Singapore Technologies Group. Mr Seah also serves on the boards of Fullerton Financial Holdings and STT Communications.

Mr Seah graduated from the University of Singapore with a degree in Business Administration.

Director, GIC Board
Chairman, GIC Audit Committee
Member, GIC Human Resource & Organization Committee

Chew Choon Seng chairs the GIC Audit Committee and is a member of the Human Resource and Organization Committee. He was the CEO of Singapore Airlines from 2003 until his retirement in 2010, and a Governor of the International Air Transport Association from 2003 to 2010 and its Chairman in 2006 to 2007. He was a board director of the Singapore Exchange from 2004 and its Chairman from 2011 to 2016, and Chairman of the Singapore Tourism Board from 2011 to 2016. In 2017 to 2018, he was Chairman of the Council that revamped Singapore’s Code of Corporate Governance.

Mr Chew graduated with a Bachelor of Mechanical Engineering (First Class Honours) from the University of Singapore. He also holds a Master of Science in Operations Research and Management Studies from the Imperial College of Science and Technology at the University of London.

Director, GIC Board
Member, GIC Investment Board
Member, GIC Human Resource & Organization Committee

Hsieh Fu Hua is Co-Founder and Advisor to the PrimePartners Group, Chairman of Asia Capital Reinsurance Group Pte Ltd and a director of Grab Holdings Inc. He is a member of the GIC Investment Board and the Human Resource and Organization Committee. He also serves on the boards of several non-profit organizations. He chairs the National University of Singapore, the National University Health System, and the National Gallery Singapore. Previously, he was President of the National Council of Social Service and Chairman of Stewardship Asia Centre. Mr Hsieh started his career in merchant banking and capital markets in 1974 when he joined Morgan Grenfell Asia Holdings upon graduation, eventually rising to head the organization. He subsequently served as Group Managing Director of BNP Prime Peregrine Group Hong Kong, CEO of Singapore Exchange, President of Temasek Holdings, Chairman of Tiger Airways, and Chairman of United Overseas Bank.

Mr Hsieh is an alumnus of the NUS Business School.

Director, GIC Board
Member, GIC Risk Committee
Member, GIC Audit Committee

Loh Boon Chye is the CEO of Singapore Exchange. He sits on the GIC Risk and Audit Committees. With close to 30 years of experience in the financial industry, he has played a key role in the development of Southeast Asia’s capital markets. Prior to SGX, he was Deputy President and Head of Asia Pacific Global Markets, and Country Executive for Singapore and Southeast Asia at Bank of America-Merrill Lynch. He spent 17 years in Deutsche Bank where his last role was the Head of Corporate and Investment Banking for Asia Pacific. He started his career with the Monetary Authority of Singapore and Morgan Guaranty Trust Co. of New York. He sits on the boards of Singapore Economic Development Board and World Federation of Exchanges.

Mr Loh holds a Bachelor of Engineering degree from the National University of Singapore.

Director, GIC Board
Member, GIC Audit Commitee
Member, GIC Human Resource & Organization Committee

Gautam Banerjee is a Senior Managing Director and Chairman of Blackstone Singapore. He sits on the GIC Audit as well as the Human Resource and Organization Committees. Before joining Blackstone, Mr Banerjee spent over 30 years with PricewaterhouseCoopers, serving as Executive Chairman of PwC Singapore for nine years until he retired in 2012. He serves on the boards of Singapore Airlines, Singapore Telecommunications Ltd and Piramal Enterprises. He is also the Chairman of Singapore Centre for Social Enterprise (raiSE).

Mr Banerjee holds a Bachelor of Science (Honours) in Accounting and Financial Analysis and an Honorary Doctor of Laws (LLD) from the University of Warwick. He is a Fellow of the Institute of Chartered Accountants in England and Wales, the Institute of Singapore Chartered Accountants and the Singapore Institute of Directors.

Director, GIC Board
Member, GIC Investment Board

Koh Boon Hwee is the Chairman of Credence Partners Pte Ltd. He sits on the GIC Investment Board. He is also the Chairman of Sunningdale Tech, Far East Orchard, Rippledot Capital Advisers, the Securities Industry Council and Agilent Technologies. He started his career in 1977 at Hewlett-Packard and rose to become its Managing Director in Singapore from 1985 to 1990. From 1991 to 2000, he was Executive Chairman of the Wuthelam Group. Mr Koh was also the Chairman of Singapore Telecom, Singapore Airlines and DBS Bank at various times.

Mr Koh holds a Bachelor’s Degree (First Class Honours) in Mechanical Engineering from the Imperial College of Science and Technology, University of London, and a Master in Business Administration (Distinction) from Harvard Business School. He also received an honorary doctorate from Imperial College London.

Director, GIC Board

Dr Tony Tan Keng Yam has served as the Minister for Finance, Trade and Industry, Education and Deputy Prime Minister and Co-ordinating Minister for Security and Defence. He was the Chairman and CEO of OCBC Bank from 1992 to 1995. In September 2005, after leaving the Cabinet, Dr Tan was appointed Deputy Chairman and Executive Director of GIC, Chairman of the National Research Foundation and Chairman of SPH. In July 2011, Dr Tan contested in the Presidential Election and was sworn in as the seventh President of the Republic of Singapore on 1 September 2011 for a 6-year term. In September 2017, he was appointed the Honorary Patron and Distinguished Senior Fellow at Singapore Management University.

Dr Tan graduated from the University of Singapore with a First Class Honours Degree in Physics in 1962. He has a Master of Science degree from MIT and a PhD in Applied Mathematics from the University of Adelaide.

GIC Advisor Emeritus
Director, GIC Board
Member, GIC Risk Committee

Seck Wai Kwong is the Chief Executive Officer of Eastspring Investments, the Asian investment management arm of Prudential Plc. He is a member of the GIC Risk Committee. He joined Eastspring in April 2019 from State Street Bank and Trust Company, where he was Chief Executive Officer, Asia Pacific. Prior to joining State Street, he was Chief Financial Officer of the Singapore Exchange from 2003 to 2011 and has held senior positions in the Monetary Authority of Singapore, GIC, Lehman Brothers and DBS Bank. He is a Trustee and chairs the Investment Committee at the Singapore Police Force’s pension fund. He serves on the Global Advisory Board of Gordon College in Wenham, Massachusetts, and the Advisory Council of the Hong Kong University of Science and Technology Business School.

Mr Seck graduated with First Class Honours in Economics from Monash University where he is a Vice Chancellor Professorial Fellow. He also holds a Master in Business Administration from the Wharton School at the University of Pennsylvania.

Director, GIC Board

Lim Chow Kiat was appointed Chief Executive Officer in January 2017. He was previously Group Chief Investment Officer of GIC and Deputy Group President. He joined GIC as a portfolio manager upon graduation in 1993 and subsequently rose to head the Fixed Income, Currency and Commodities Department. He was President, Europe in 2009, overseeing investments and relationships in Europe, Africa and the Middle East before his appointment as President of GIC Asset Management in 2011. Mr Lim is the Chairman of Wealth Management Institute and serves on the boards of Nanyang Technological University, National Research Foundation, Enterprise Singapore and FCLTGlobal. He is also a member of Agence France Trésor’s Strategic Committee, International Advisory Council of Mizuho Financial Group and the International Business Council.

Mr Lim holds a Bachelor’s degree (First Class Honours) in Accountancy from Nanyang Technological University.

Director, GIC Board

Dr Jeffrey Jaensubhakij was appointed Group Chief Investment Officer in January 2017. He joined GIC in 1998 as a Senior Economist covering the US economy. He has held asset allocation portfolio responsibilities as Co-Head of Asset Allocation Strategy in the Economics and Strategy Department, and from 2003 to 2011 was Head of Total Return Equities and the US Equities teams based in GIC’s New York Office. In 2011, he was appointed President, Europe, responsible for coordinating GIC’s investment activities in Europe across public and private asset classes. He was appointed President, Public Markets and Director of Public Equities in 2013, and Deputy Group Chief Investment Officer in 2016.

Dr Jaensubhakij holds a Bachelor of Arts degree in Economics from Cambridge University, as well as a Master’s and a PhD in Economics from Stanford University.