George Goh 'made a mistake' about role of the CIO in investment management businesses: Ng Kok Song

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Former GIC chief investment officer Ng Kok Song was responding to comments made by fellow presidential hopeful George Goh that appeared to be directed at him.

SINGAPORE: Mr Ng Kok Song has said that his fellow presidential hopeful George Goh is mistaken about the role of the CIO in an investment management company.

Mr Goh had said at a press conference the day before:"If I’m the CIO in my organisation in the private sector, please don’t come forward because the CIO most likely ranks number five or number six in the organisation." He added that he would like to meet Mr Goh - the founder of Harvey Norman Ossia - to learn from his knowledge about business and share his own knowledge about investment management businesses.

The strength of the Singapore dollar is related to the country's financial reserves, he said."Because our financial reserves is strong, we are able to command the confidence of investors, and they like to invest in the Singapore dollar.""I want to become the President so that I can look after our reserves."

He previously confirmed that he had listed former Foreign Affairs Minister George Yeo as one of his three character references in his eligibility papers.

 

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