Governance

Investment Board

The Investment Board assists the GIC Board in its oversight of GIC’s investment process.

Chairman

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 Global Logistic Properties, 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 BSc (Honours) in Economics from the University of Hull.

Ang Kong Hua
Chairman
Sembcorp Industries Ltd

Members

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

 

Hsieh Fu Hua is the Co-Founder and Advisor to PrimePartners Group. 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 is President of National Council of Social Service, Chairman of National Gallery Singapore, and Stewardship Asia Centre. He chairs the Board of Trustees of National University of Singapore, and has recently been appointed Chairman-designate to National University Health System. 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. Subsequently he served as Group Managing Director of BNP Prime Peregrine Group Hong Kong, CEO of Singapore Exchange and President of Temasek Holdings. He also served as Chairman of UOB Group.

 

Mr Hsieh holds a Bachelor of Business Administration (Honours) from the University of Singapore.

Hsieh Fu Hua
Co-Founder and Advisor
PrimePartners Group

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

 

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, and also a member of the Advisory Council of the Stanford Graduate School of Business. 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 BA in Mathematics from Yale and an MBA from Stanford.

Leonard Baker
Partner
Sutter Hill Ventures

Member, GIC International Advisory Board
Member, GIC Investment Board

 

Léon Bressler is the Managing Partner of Aermont Capital LLP, formerly Perella Weinberg Real Estate UK LLP, since its inception in 2007. He is a member of the GIC Investment Board. Prior to joining Perella Weinberg Partners, Mr Bressler was the Chairman and CEO of Unibail (now Unibail-Rodamco). Under his leadership, Unibail grew to become Europe’s largest real estate investment trust. Mr Bressler began his career with Chase Manhattan Bank in Paris, before joining the Midland Bank Group where he became the Chairman of the Executive Board of Midland Bank SA. He has also held positions as CEO of the Lanvin Group and Managing Partner of Worms & Cie.

 

Mr Bressler is a graduate of the Institut d’Etudes Politiques de Paris and has a degree in Law.

Léon Bressler
Managing Partner
Aermont Capital

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

 

David Denison is a corporate director with extensive experience in the financial services industry. He advises the GIC Investment Strategies Committee and sits on the Investment Board. He served as President and CEO of the Canada Pension Plan Investment Board from 2005 to 2012. Prior to that, he was President of Fidelity Investments Canada Limited. Mr Denison currently serves as Chairman of Hydro One Limited, and is a director of Royal Bank of Canada and BCE Inc. He also sits on the International Advisory Council of the China Investment Corporation and is Co-Chair of the University of Toronto Foundation Investment Committee. He was named an Officer of the Order of Canada in 2014.

 

Mr Denison earned Bachelor of Arts and Education degrees from the University of Toronto and is a Fellow of the Institute of Chartered Accountants of Ontario.

David Denison
Former President and CEO
Canada Pension Plan Investment Board

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, Yeo Hiap Seng, Far East Orchard, Rippledot Capital Advisers, the Securities Industry Council, Agilent Technologies and AAC 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 received his Bachelor’s Degree (First Class Honours) in Mechanical Engineering from the Imperial College of Science and Technology, University of London, and his MBA (Distinction) from Harvard Business School. He also received an honorary doctorate from Imperial College London.

Koh Boon Hwee
Chairman
Credence Partners Pte Ltd