Former president Tony Tan to be GIC director, special advisor

Dr Tony Tan had previously served as deputy chairman and executive director of GIC from September 2005 to June 2011.
Dr Tony Tan had previously served as deputy chairman and executive director of GIC from September 2005 to June 2011.PHOTO: ST FILE

SINGAPORE - GIC said on Tuesday that it has appointed Singapore's former president Tony Tan Keng Yam as a director and special advisor to GIC with effect from Jan 1, 2018.

"As special advisor, Dr Tan will provide much value in broadening and strengthening GIC's network of senior statesmen and leaders of corporations and institutions who may be constructive in advancing the business and interests of GIC," said GIC chief executive officer Lim Chow Kiat.

"We will also benefit from his extensive knowledge and perspectives on global matters."

Dr Tan, who stepped down from the nation's presidency in August this year after finishing his six-year term, was deputy chairman and executive director of GIC from September 2005 to June 2011.

Last month, Dr Tan also accepted an invitation to be the first chief patron for the Securities Investors Association (Singapore), the shareholder advocacy group known as Sias.

Dr Tan will hold a title reserved for "a distinguished person who has been outstanding in his contributions to the betterment of Singapore", according to Sias's constitution.

He has also been appointed honorary patron and distinguished senior fellow at the Singapore Management University, an institution he helped envision when he was deputy prime minister, last month.