SINGAPORE: An additional presidential hopeful appears to have emerged: former GIC Chief Investment Officer Peter Ng Kok Song, who is also known as a keen proponent of meditation.reported in a July 15 article that the 75-year-old Mr Ng may just mount a presidential bid.
Previous to working at GIC, he was with the Monetary Authority of Singapore from 1972 to 1986, and had begun his career at the Ministry of Finance in 1970. A 2022 Bloomberg profile of the former GIC investment officer notes that the assets of one of his firms, Avanda Investment Management, had doubled to S$13.4 billion from the time that Mr Ng co-founded it in 2015, after his retirement from GIC.
The piece added that boosting investments in the region, particularly in China, has long been important for Mr Ng, who has advised investors to have half of their exposure to China or Asia.
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