Risk Committee

The Risk Committee advises the Board on risk matters and focuses on overseeing GIC’s risk policies and risk management.


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


Lim Hng Kiang, the Special Advisor to the Ministry of Trade and Industry,  chairs the GIC Risk Committee and sits on the Investment Strategies Committee. He is also Deputy Chairman of the Monetary Authority of Singapore. 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 Masters in Public Administration from Harvard University.

Lim Hng Kiang
Special Advisor to
Ministry of Trade & Industry


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 (SEA)’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.

Loh Boon Chye
Chief Executive Officer
Singapore Exchange Ltd

Member, GIC Risk Committee


Lam Kun Kin is Senior Executive Vice President and Head of Global Treasury & Investment Banking at OCBC Bank. He is a member of the GIC Risk Committee. At OCBC, he has responsibility for the Global Markets businesses and asset liability management, and also oversees the Global Investment Banking division. Prior to joining OCBC, Mr Lam held senior management positions at GIC, Citibank Singapore and Temasek Holdings. In September 2014, he was appointed by the MAS as Co-Chairman of the Singapore Foreign Exchange Market Committee. Currently, he serves on the boards of Bank of Singapore, OCBC Securities, AVIC Trust, REACH Community Service Society and the Great Eastern Group’s Asset & Liability Committee and Investment Committee.


Mr Lam holds a B.Acc (Honours) from the National University of Singapore. He is a Chartered Financial Analyst, Fellow Chartered Accountant of Singapore, and Institute of Banking and Finance (IBF) Distinguished Fellow.



Lam Kun Kin
Senior Executive Vice President, Head of Global Treasury & Investment Banking
Oversea-Chinese Banking Corporation (OCBC)

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 for eight years 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 Board of Regents of Trinity International University in Chicago and as a member of the Global Advisory Board of Gordon College in Wenham, Massachusetts.


Mr Seck has an MBA from the Wharton School at the University of Pennsylvania. He graduated with First Class Honours in Economics from Monash University where he is a Vice Chancellor Professorial Fellow.

Seck Wai Kwong
Chief Executive Officer
Eastspring Investments


GIC Advisor Emeritus
Advisor, GIC Investment Strategies Committee
Advisor, GIC Risk Committee


Dr Martin L. Leibowitz is a Managing Director of Morgan Stanley, and Vice Chairman of its Research Department. He advises GIC’s Investment Strategies and Risk Committees. Prior to joining Morgan Stanley, Dr Leibowitz was the Vice-Chairman and Chief Investment Officer of TIAA-CREF, responsible for the management of more than US$300 billion in equity, fixed income and real estate assets. He was also Director of Global Research at Salomon Brothers, and has received wide recognition for his writings on various financial topics and investment analysis. He now serves on the investment advisory committees of The Rockefeller Foundation, The Carnegie Foundation, the IMF Pension Fund, the American Academy of Arts and Sciences, and The Institute for Advanced Study.


Dr Leibowitz holds both an AB and MS degree from the University of Chicago and a PhD in Mathematics from the Courant Institute of New York University.

Dr Martin Leibowitz
Managing Director
Morgan Stanley