DPM Lawrence Wong to be appointed deputy chairman of GIC
Sign up now: Get ST's newsletters delivered to your inbox
Deputy Prime Minister Lawrence Wong, who is currently a GIC director, will serve as its deputy chairman from Oct 1.
ST PHOTO: GAVIN FOO
Follow topic:
SINGAPORE – Deputy Prime Minister Lawrence Wong will serve as deputy chairman of sovereign wealth fund GIC from Oct 1.
The role was left vacant after Mr Tharman Shanmugaratnam stepped down Mr Tharman was sworn in as Singapore’s ninth president
In his new role as deputy chairman, Mr Wong, who has been a GIC board director since November 2018, will assist the chairman, Prime Minister Lee Hsien Loong, in leading the board in overseeing GIC’s long-term asset allocation and portfolio performance.
In July, Mr Wong was appointed chairman of GIC’s investment strategies committee,
Mr Wong also succeeded Mr Tharman as the chairman of the Monetary Authority of Singapore in July, and his appointment will run until May 31, 2026.
Mr Wong is also Finance Minister and chairman of the Economic Development Board’s International Advisory Council.
