Lim Siong Guan

Lim Siong Guan, DUNU (First Class) (Chinese: 林祥源; pinyin: Lín Xiángyuán, born 1947) is the current Group President of the Government of Singapore Investment Corporation (GIC).

Biography

Lim was educated at the Anglo-Chinese School, Singapore. He was awarded the President’s Scholarship to study at the University of Adelaide, Australia, where he graduated with First Class Honours in Mechanical Engineering in 1969. He attained a Postgraduate Diploma in Business Administration from the National University of Singapore in 1975.

Lim was the Head of the Singapore Civil Service from September 1999 to March 2005. He was the Permanent Secretary of the Ministry of Defence from July 1981 to May 1994, Permanent Secretary in the Prime Minister’s Office from June 1994 to July 1998, (concurrently) Permanent Secretary of the Ministry of Education from April 1997 to June 1999, and Permanent Secretary of the Ministry of Finance (June 1999 to September 2006). He was the first Principal Private Secretary to former Prime Minister Lee Kuan Yew from May 1978 to June 1981.

Lim was the Chairman of the Accounting and Corporate Regulatory Authority (ACRA) and the Inland Revenue Authority of Singapore from 2004 to 2006. Previously he had been the Chairman of the Central Provident Fund Board from 1986 to 1994 and Deputy Chairman of the Board of Commissioners of Currency (now absorbed into the Monetary Authority of Singapore)from 1999 to 2002. He was a Board Member of the Monetary Authority of Singapore from 1999 to 2006.

In 2005, Lim Siong Guan, as the chairman of the ACRA, was one of the 3 member Presidential Elections Committee who reviewed the qualifications of Sellapan Ramanathan, who was subsequently elected President of Singapore, in the 2005 Singapore President Elections.^[1]

Lim is an adjunct Professor of the Lee Kuan Yew School of Public Policy and has been a Member of the Lee Kuan Yew Exchange Fellowship from 2005 to 2006. He has been a Director of Temasek Holdings Pte. Ltd., a Director of DBS Bank Ltd, a Director of Neptune Orient Lines Limited, and variously Chairman or Director of a number of companies which are now part of the Singapore Technologies Engineering group of companies. He is also a member of the International Advisory Panel of the Asian Competitiveness Institute.

He was Chairman of the Economic Development Board from October 2006 to June 2009.^[2] He was first appointed Group Managing Director of Government of Singapore Investment Corporation on 22 September 2007. Lim was appointed the Group President of the Government of Singapore Investment Corporation (GIC), a newly created role that oversees all three GIC investment units: GIC Real Estate, GIC Asset Management and GIC Special Investments on July 1, 2009.^[2]

Lim was awarded the Order of Nila Utama (First Class) in 2006, the Meritorious Service Medal in 1991 and the Public Administration Medal (Gold) in 1982.

Lim was ranked #11 on the Sovereign Wealth Fund Institute's Public Investor 100.^[3]

In 2014, a book Lim co-authored, The Leader, The Teacher & You(World Scientific, 2013), co-won the Singapore Literature Prize for English Non-fiction.^[4]

Controversy

In August 2014, Lim unveiled "Honour (Singapore)" as founding chairman, an organization to seek the well-being of the nation by promoting a culture of honour and honouring. It attracted controversy on social media when it was revealed that all the members of the board are also senior members of the Full Gospel Business (FGB) Singapore, a group that believes in bringing the Christian teachings to the "marketplace" and all levels of society. ^[5]

Lim denied categorically that Honour (Singapore) had Christian inclination. That Honour (Singapore) and FGB Singapore share the same office was also downplayed as a matter of convenience.^[6]

References