Former Group Executive<br>DBS Bank
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Deputy Chairman, GIC Board (Resigned 7 July 2023)
Member, GIC Investment Strategies Committee (Resigned 7 July 2023)
Tharman Shanmugaratnam resigned from politics and all his positions in Government on 7 July 2023 to run in the coming Presidential Election in Singapore. He had been Senior Minister since 2019, Deputy Prime Minister from 2011 to 2019, and Minister for Finance from 2007 to 2015. He served concurrently as Chairman of the Monetary Authority of Singapore from 2011 till his resignation on 7 July 2023.
Mr Tharman was on the GIC Board for over 19 years. He served as Deputy Chairman for 4 years (2019 to 2023) and as Chairman of the GIC’s Investment Strategies Committee for 12 years (2011 to 2023).
Internationally, Mr Tharman chairs the Board of Trustees of the Group of Thirty, an independent global council of economic and financial leaders. He also co-chairs the Global Commission on the Economics of Water, and the Advisory Board for the UN Human Development Report (HDR). He co-chaired the G20 High Level Independent Panel on financing pandemic security in 2021. He earlier chaired the G20 Eminent Persons Group on Global Financial Governance in 2017-2018. He also chaired the International Monetary and Financial Committee, the key policy forum of the IMF, over 2011-2014.
Mr Tharman studied economics at the LSE and Cambridge University. He later obtained a Master in Public Administration at Harvard Kennedy School, where he received the Lucius N Littauer Fellow award for outstanding performance and leadership potential.
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