Former Senior Minister Teo Chee Hean has resigned from GIC’s board of directors, and as chairman of the GIC International Advisory Board effective June 30, according to a release by the sovereign wealth fund on June 10.
Teo served on the GIC board for 14 years, and was first appointed as director in December 2010, and chairman in April 2015.
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.
