Lim Chow Kiat, CEO of GIC said that Teo "generously contributed his wealth of experience in public policy and global affairs to GIC”.
Former Senior Minister Teo Chee Hean has resigned from GIC’s board of directors, and as chairman of the GIC International Advisory Board effective June 30, according to a release by the sovereign wealth fund on June 10.
Teo served on the GIC board for 14 years, and was first appointed as director in December 2010, and chairman in April 2015.

