SINGAPORE - Former GIC chief investment officer Ng Kok Song turned up at the Elections Department on Wednesday around 10.30am, accompanied by his fiancee.
Incumbent President Halimah Yacob has said she will not stand for re-election when her term ends on Sept 13. Mr Ng was also the founder and chairman of the Singapore International Monetary Exchange in 1984, which was later incorporated into the Singapore Exchange as its derivatives arm. It is not clear if he will automatically qualify for the presidency through the private sector route, as according to Article 19 of the Constitution, he has to be the chief executive - or the most senior executive - of a firm for at least three years.
While GIC does not disclose how much it manages overall, the Finance Ministry website states it manages “well over US$100 billion”.It is likely that he will have to apply under the private or public sector deliberative track.In 2013, Ng was conferred the Thomas L Hansberger Award for Leadership in the global investment profession by the CFA Institute in 2013.
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