Acting Chairmen for GIC Real Estate and GIC Special Investments

28 Jun 2011

The Government of Singapore Investment Corporation (GIC) announces two changes following the resignation of Dr Tony Tan Keng Yam as GIC’s Deputy Chairman and Executive Director effective 1 July 2011.

1) Mr Lim Hng Kiang will be Acting Chairman of GIC Real Estate Pte Ltd. Mr Lim is currently a Director of the company.

2) Mr Ang Kong Hua will be Acting Chairman of GIC Special Investments Pte Ltd. Mr Ang is currently a Director of the company.

The position of Executive Director will not be filled immediately. GIC will look for a suitable candidate who has the requisite knowledge and experience, and also a clear appreciation of how the financial reserves under GIC management contributes towards the well-being of Singaporeans.

GIC also states that the plans for senior management succession and investment development, including its increased focus on the emerging markets, will continue without change.