The former GIC chief investment officer announced his intention to run on Wednesday. Read more at straitstimes.com.
SINGAPORE - Former GIC chief investment officer Ng Kok Song has thrown his hat into the ring for the upcoming presidential election, announcing his intentions on WednesdayThe 75-year-old joins the likes of other presidential hopefuls former Senior Minister Tharman Shanmugaratnam and entrepreneur George Goh, making it a potential three-way fight.
He joined GIC in 1986, five years after it was formed, to manage the country’s foreign reserves, and headed the equities and bond department. He was the fund’s first non-expatriate director. In 2007, he was made GIC’s first group chief investment officer. Since then, about half the gains have been from market returns while the rest was from new clients and additional capital, reported Bloomberg.
The French government conferred on him the Legion of Honour in 2003 as well as the Order of Merit in 2011. From birth till he got married at 24, Mr Ng lived in the family home which had a thatched roof, mud floor and just two bedrooms. When he was courting his late wife, the couple were so poor that Mr Ng would pawn and redeem a Seiko watch repeatedly to finance their dates. It had been given to him by the father of two of his students.While his post at GIC did not put him in the public eye often, Mr Ng has made headlines in the past when he was revealed to have taught Minister Mentor Lee Kuan Yew to meditate.
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