RID DE JANEIRO - Singapore's Ng Ser Miang has been elected to the International Olympic Committee (IOC) Executive Board, after he made a successful run for one of seven spots available at the 129th IOC Session on Thursday morning.

The 15-strong panel is made up of the IOC president, its four vice-presidents and 10 IOC members and is the decision-making body of the IOC.

This is Ng's second stint on the Executive Board. He stepped down from the Executive Board in September 2013, after serving the maximum two four-year terms. Ng also served as the IOC's vice-president from 2009 to 2013.

The 67-year-old Singaporean continued to play a key role in the IOC even after stepping down from the Executive Board. He was appointed chair of the IOC's finance commission in 2014, managing and growing the committee's financial reserves, a figure that runs close to $1 billion.

A total of nine IOC members submitted their candidature for the seven spots available. This included former world and Olympic champion pole vaulter Sergey Bubka and Chinese Taipei's Wu Ching-kuo, the president of the International Boxing Association. Both, like Mr Ng, had made a bid for the IOC presidency in 2013 and eventually lost out to Germany's Thomas Bach.

A former sailor himself, Ng has been instrumental in bringing some of the IOC's biggest events to Singapore. The Republic hosted the IOC Session in 2005, in which London was appointed host city of the 2012 Summer Games. The inaugural Youth Olympic Games was also held in Singapore in 2010.