Singapore, 10 June 2025 – GIC announces the resignation of Mr Teo Chee Hean from its Board of Directors and as Chairman of the GIC International Advisory Board, effective 30 June 2025.
Mr Teo has served on the GIC Board for 14 years. He was first appointed as a director in December 2010 and assumed the role of Chairman of the International Advisory Board in April 2015. During his tenure, Mr Teo helped GIC navigate significant developments including the aftermath of the Global Financial Crisis, the COVID-19 pandemic, accelerating technology and climate change, as well as rising geopolitical uncertainty.
Lim Chow Kiat, CEO of GIC, expressed his appreciation for Mr Teo’s contributions to GIC: “Mr Teo generously contributed his wealth of experience in public policy and global affairs to GIC. His geopolitical insights were particularly important, given the growing complexity and salience of these issues for GIC. Mr Teo’s dedication to Singapore was another invaluable asset, helping GIC as a sovereign wealth fund to sharpen our investment discipline and organisational values. On behalf of the board and GIC, I extend our deep appreciation for his service and wish him well in his future roles.”
Attached is a copy of the letter of appreciation from Senior Minister Lee Hsien Loong, Chairman of GIC, to Mr Teo on his resignation from the GIC Board.
