GIC CEO receives prestigious Eisenhower Global Citizen Award

SINGAPORE: The Chief Executive Officer of GIC (Government of Singapore Investment Corporation), Lim Chow Kiat, has been awarded the Dwight D. Eisenhower Global Citizenship Award in recognition of his and GIC’s outstanding efforts in leading with purpose, vision, and responsibility.

The esteemed Eisenhower Global Citizenship Award, conferred for accomplishments in social responsibility, sustainable development, and contributions to the growth and development of humankind, was presented to Mr Lim during a gala dinner organized by the Business Council for International Understanding (BCIU) in New York on Monday (13 Nov).

BCIU President and CEO Peter Tichansky lauded Mr Lim and GIC for their commitment to global citizenship, citing their advocacy for a long-term mindset and positive impact across various fronts.

Mr Tichansky emphasized GIC’s role under Mr Lim’s leadership, saying, “Under Mr Lim’s leadership, GIC has exemplified a commitment to global citizenship, creating a positive impact through advocating a long-term mindset on every front.”

Former US Treasury Secretary and TPG Rise Climate Executive Chairman Hank Paulson presented the award to Mr Lim. Mr Paulson, who has collaborated with GIC for many years, commended the organization for setting the standard of excellence and serving as a global model for institutional investors.

He said, “In fact, they set the standard for excellence, serving as a model of best practices for institutional investors around the globe.”

During his acceptance speech, Mr Lim emphasized that GIC’s purpose, securing Singapore’s financial future, remains at the core of all its endeavours. He outlined GIC’s commitment to supporting enterprises and communities worldwide with long-term capital to scale up businesses, technologies, and infrastructure.

Mr Lim also highlighted the importance of creating value and generating good returns, ensuring that present and future generations of Singaporeans continue to benefit from the reserves.

The gala event, attended by prominent figures from the business world, witnessed the presence of Citigroup CEO Jane Fraser, recipient of this year’s Eisenhower Global Leadership Award. BlackRock Chairman and CEO Larry Fink presented the award to Ms Fraser.

The BCIU, a non-profit association dedicated to promoting international understanding through dialogue between businesses and government leaders globally, has previously honoured notable figures with the Dwight D. Eisenhower Global Award. Past recipients include Masami Iijima of Mitsui & Co, Natarajan Chandrasekaran of Tata Sons, and Mukesh Ambani of Reliance Industries, among others.