SINGAPORE - Mr S Dhanabalan will rejoin the board of GIC as a director with effect from Friday, the investment company said on Friday morning.

"We are very pleased to welcome Mr Dhanabalan to the GIC Board," said GIC group president Lim Siong Guan in a statement.

"We will benefit from his wealth of experience in finance as we strive to invest well for present and future generations of Singaporeans."

Mr Dhanabalan, a founding board member of GIC when it was established in 1981, served on its board for more than 20 years before stepping down in 2005.

He has also served as chairman of Temasek Holdings from 1996 to 2013, chairman of Singapore Airlines from 1996 to 1998 and chairman of DBS Group Holdings from 1999 to 2005.