Singapore’s Minister Mentor Lee Kuan Yew Appointed Special Advisor to Citigroup |
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By: Citigroup Inc. Posted: 2006-09-06 01:31:17 |
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Citigroup Inc. today announced that Singapore’s Minister Mentor Lee Kuan Yew has agreed to be its Special Advisor. In this role, Minister Mentor Lee will advise Citigroup on its strategic directions and global business. Minister Mentor Lee will provide counsel to Citigroup’s senior management and its Board on international developments that impact on economies and businesses globally.
Commenting on this appointment, Citigroup’s Chairman and CEO Charles Prince said, “Minister Mentor Lee is a modern-day visionary and a unique statesman who is respected world-wide, and it is a privilege for Citigroup to benefit from his understanding, insights and experience. I am honored that Minister Mentor Lee has chosen to be a special advisor to Citigroup and look forward to having the opportunity to work closely with him as we pursue our international growth strategy.” Minister Mentor Lee is widely recognized as the architect of modern Singapore having transformed the island state from a small trading port into a city state that takes its place amongst the developed countries of the world. He led Singapore as its first Prime Minister from 1965 to 1990 developing the nation’s constitutional system, governing institutions and the economic and political strategies that have propelled the nation into the international arena. In 1990, Mr. Lee was appointed Senior Minister and in 2004, he became Minister Mentor to the Singapore government. Citigroup has been in Singapore since 1902. The franchise plays a significant role in the financial infrastructure of Singapore and is involved in every business line and client category in financial services. Singapore is a key centre of excellence in Asia and a strategic hub for Citigroup’s regional management, marketing, operations and technology expertise. |
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