SINGAPORE, 1 November 2018 – GIC today announced the appointment of two new GIC Board directors.

Mr Lawrence Wong, Minister for National Development and the Second Minister for Finance, will be appointed to the GIC Board with effect from 1 November 2018.  Since 1 August 2017, Mr Wong has been a member of the GIC Investment Strategies Committee, a board committee which oversees GIC’s performance and risk profile and makes appropriate recommendations to the Board on investment policy.

Mr Seck Wai Kwong, Chief Executive Officer of Asia Pacific at State Street Bank and Trust Company, will be appointed to the GIC Board with effect from 9 November 2018. Mr Seck previously served on the GIC Risk Committee from 2010 to 2016.

Mr Lim Chow Kiat, Chief Executive Officer of GIC, said, “We are very pleased to welcome Mr Wong and Mr Seck as directors on the GIC Board.  Mr Wong has an economics background and has served in trade, economics and finance roles, among others. Mr Seck has extensive experience in global investment markets, banking and finance, and asset management functions. We will benefit from their wealth of knowledge and leadership insights.”