Lim Chow Kiat, CEO of GIC said that Teo "generously contributed his wealth of experience in public policy and global affairs to GIC”.
“His geopolitical insights were particularly important, given the growing complexity and salience of these issues for GIC. Mr Teo’s dedication to Singapore was another invaluable asset, helping GIC as a sovereign wealth fund to sharpen our investment discipline and organisational values,” says Lim.
On June 6, Temasek Holdings announced that Teo will become its next chairman on October 9, succeeding Lim Boon Heng. Teo will join Temasek’s board of directors as deputy chairman on July 1.
Teo was Singapore’s deputy prime minister from 2009 to 2019, and senior minister from 2019 until he left politics in May 2025.
