Peter Ng Kok Song (; Teochew pronunciation ; born 11 February 1948), better known as Ng Kok Song, is a Singaporean financier, fund manager and entrepreneur who served as the chief investment officer of GIC between 2007 and 2013, and director of the Monetary Authority of Singapore between 1985 and 1986. He is also the founder of asset management company Avanda Investment Management.
Ng was the founding chairman of the Singapore International Monetary Exchange (SIMEX), the predecessor to SGX Group. He also served as a board member of SGX Group between 2013 and 2018, and Temasek Holdings between 2003 and 2005.
In 2023, Ng announced a run for the Singaporean presidential election that year. He received a Certificate of Eligibility by the Presidential Elections Committee and was successfully nominated as one of three candidates. He won 15.72% of the votes, edging out Tan Kin Lian (13.87%), but losing to Tharman Shanmugaratnam, who won 70.41% of the vote.
Early life and education
Born in Singapore, Ng was the second of 11 children born to a fish auctioneer and a housewife. He grew up in an attap house with a thatched roof, mud floor and two bedrooms in Kangkar, near modern-day Sengkang, close to the Serangoon River. To support his family, Ng helped his father sort fish at a local market and tended the family's chickens.
Ng was baptised into the Catholic Church when he was seven years old where he served as an altar boy at the nearby Church of the Nativity of the Blessed Virgin Mary in Hougang. He studied at Montfort School for 12 years while looking after his younger siblings.
Ng was awarded a scholarship to study engineering in Canada but was unable to proceed due to his family's financial situation. Instead, he took up a scholarship from the Public Service Commission (PSC) to study physics at the University of Singapore and graduated in 1970 with a Bachelor of Science with honours degree.
In 1980, Ng graduated as a Sloan Fellow with a Master of Science degree in management from Stanford University.
Career
In 1970, Ng started his career in the Ministry of Finance (MOF). He joined the Monetary Authority of Singapore (MAS) in 1971 and served as director between 1985 and 1986. Ng was also the founding Chairman of the Singapore International Monetary Exchange (SIMEX), now incorporated into the Singapore Exchange (SGX).
In 1986, Ng joined the country's sovereign wealth fund, the Government of Singapore Investment Corporation (GIC) and served as its chief investment officer between 2007 and 2013. He was the fund’s first non-expatriate director. In 2007, he was made GIC’s first group chief investment officer. He was also among those who led GIC in navigating periods of financial turmoil such as the 1998 Asian currency crisis, 2001 dot-com bust and 2008 global financial crisis. The Singapore Government awarded Ng the Meritorious Service Medal in 2012, in recognition of his contributions to building and managing the nation's reserves.
From 2001 to 2014, Ng was a member of the Strategic Committee of Agency France Tresor. The French government conferred on him the titles of Legion of Honour "La Croix de Chevalier de la Legion d'Honneur" in 2011 and Order of Merit "Officer de l'ordre National du Merite" in 2003. The CFA Institute conferred on him the Thomas L Hansberger Leadership in Global Investment Award in 2013. He is on the CFA Institute's Advisory Council for the "Future of Finance" project, a long-term global effort to shape a trustworthy financial industry that better serves society.
In 2015, Ng founded Avanda Investment Management with two former GIC colleagues, Quah Wee Ghee and Sung Cheng Chih. Avanda Investment Management received support from leading institutional investors whose contributions helped launch the firm with around US$4 billion in assets. By 2022, its assets had more than doubled to US$10 billion, making it one of Singapore's fastest-growing investment firms.
Since 2017, Ng has been Chairman Emeritus of the Wealth Management Institute at the Nanyang Technological University. He is on the board of directors of 65 Equity Partners (a global investment firm) and on the Global Advisory Board of PIMCO. In public administration (education), he serves on the board of governors for the Asia School of Business in Malaysia. From 2017 to 2023, he served on the governing board for the Lee Kuan Yew School of Public Policy at the National University of Singapore.