International Advisory Board

The International Advisory Board provides the GIC Board, Board Committees and GIC Management with global and regional perspectives on geopolitical, economic and market developments. It offers advice on a range of investment-related matters, in particular, global investment trends, emerging asset classes and new growth opportunities.


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.

Teo Chee Hean
Senior Minister & Coordinating Minister for National Security


Member, GIC International Advisory Board
Member, GIC Investment Board
Advisor, GIC Investment Strategies Committee


G. Leonard Baker is a Partner in Sutter Hill Ventures. He advises GIC’s Investment Strategies Committee and sits on the Investment Board. He was a trustee of Yale University, where he chaired the Finance Committee and served on the Yale Investment Committee from 1990 to 2015. Mr Baker is a board member of Stanford Management Company, advises the David and Lucile Packard Foundation Investment Committee, and is a board member of the US Environmental Defense Fund. He is also a member of the Board of Trustees of Berklee College of Music in Boston. In 2005, he was conferred the Public Service Star Award in Singapore for his contributions in the areas of education and investment management.


Mr Baker holds a Bachelor of Arts in Mathematics from Yale and a Master in Business Administration from Stanford.

G. Leonard Baker
Sutter Hill Ventures

Member, GIC International Advisory Board
Advisor, GIC Investment Strategies Committee


Dr Mohamed El-Erian is Chief Economic Advisor at Allianz and President Elect of Queens’ College Cambridge. He is an advisor to the GIC Investment Strategies Committee. Previously, he was CEO and co-CIO of PIMCO from 2007 to 2014, and former chair of President Obama’s Global Development Council. He was President and CEO of Harvard Management Company, Managing Director at Salomon Smith Barney/Citigroup, and Deputy Director at the International Monetary Fund in Washington, DC. Dr El-Erian writes regularly, and is a Financial Times Contributing Editor and Bloomberg View columnist. He has two New York Times’ best sellers – the 2008 “When Markets Collide” and the 2016 “The Only Game in Town” – and was named four years in a row to Foreign Policy list of Top Global Thinkers.


Dr El-Erian holds a Bachelor of Economics from Cambridge University, as well as a Master’s and PhD in Economics from Oxford University.

Dr Mohamed El-Erian
Chief Economic Advisor

Member, GIC International Advisory Board


Uday Kotak is Founder, Managing Director and Chief Executive Officer of Kotak Mahindra Bank. He has led the group in a broad range of financial services for over 34 years. The group’s vision for equitable prosperity extends beyond financial services. The Kotak Education Foundation works with some of India’s most economically underprivileged communities, attempting to alleviate poverty through education and livelihood programmes. Mr Kotak is a member of the International Advisory Panel of Monetary Authority of Singapore, and has served as Chairman of the Corporate Governance Committee constituted by SEBI. He has been awarded the Ernst & Young World Entrepreneur of the Year Award in 2014, and the USIBC Global Leadership Award at the 2018 India Ideas Summit organized by the U.S.-India Business Council.


Mr Kotak holds a Bachelor’s degree in Commerce and a Master’s in Management Studies degree from Jamnalal Bajaj Institute of Management Studies, Mumbai.

Uday Kotak
Managing Director & CEO
Kotak Mahindra Bank

Member, GIC International Advisory Board
Advisor, GIC Investment Strategies Committee


Carsten Stendevad is a member of Bridgewater’s senior management team and also serves as an advisor to the GIC Investment Strategies Committee and a Member of the Board of Novo Holdings (the investment arm of Novo Nordisk foundation). Previously, he was CEO of ATP, where he was responsible for all investment, pension, and administrative activities. Under his leadership, ATP redesigned its investment strategy with a new approach to portfolio construction and increased focus on direct investments in real assets, all while delivering strong investment returns. Previously, Mr Stendevad was a Managing Director in Citigroup’s Investment Bank in New York, with global responsibility for its corporate finance advisory team. Earlier in his career, he was a consultant at McKinsey & Company and an analyst at the Central Bank of Denmark.


Mr Stendevad holds a Bachelor of Science and Master of Science degree in Economics from the University of Copenhagen and a Master of Public Policy from the Harvard Kennedy School of Government. He is a recipient of the Order of Dannebrog awarded by HMQ Margrethe II of Denmark.

Carsten Stendevad
Senior Fellow
Bridgewater Associates

Member, GIC International Advisory Board
Member, GIC Investment Board
Advisor, GIC Investment Strategies Committee


Glenn Hutchins is Chairman of North Island and North Island Ventures and a co-founder of Silver Lake. He advises GIC’s Investment Strategies Committee and sits on the Investment Board. He is a director of AT&T, Virtu Financial and Digital Currency Group; Co-Chairman of the Brookings Institution and CARE; Vice Chair of the Obama Foundation; on the Executive Committee of the Boston Celtics Basketball Team; and a board member of the New York Presbyterian Hospital. He also founded the Hutchins Family Foundation to manage his philanthropic initiatives in academic research and public policy. Mr Hutchins was Director and Chair of the Audit and Risk Committee of the Federal Reserve Bank of New York from 2011 to 2020. He previously served President Clinton in both the transition and the White House as a special advisor on economic and healthcare policy.


Mr Hutchins holds a Bachelor of Arts from Harvard College, a Master in Business Administration from Harvard Business School, and a Juris Doctor degree from Harvard Law School.

Glenn Hutchins
North Island