Tan Kin Lian
| Tan Kin Lian | |
|---|---|
 |
|
| Born |
9 March 1948 Singapore |
| Citizenship | Singaporean |
| Alma mater | Raffles Institution |
| Years active | 1977–2007 |
| Political party | None (member of People's Action Party until May 2008) |
| Children | 2 daughters and 1 son |
| Website | tankinlian |
| Tan Kin Lian | |||||||
| Traditional Chinese | 陳欽亮 | ||||||
|---|---|---|---|---|---|---|---|
| Simplified Chinese | 陈钦亮 | ||||||
|
|||||||
| Transcriptions | |
|---|---|
| Standard Mandarin | |
| Hanyu Pinyin | Chén Qīnliàng |
Tan Kin Lian is a Singaporean businessman and social activist, and former Chief Executive Officer (CEO) of NTUC Income. Since stepping down as CEO in April 2007, his activities have included organising public rallies for people who lost their money due to investing in Lehman Brothers' Minibond products to seek redress, and setting up FISCA, an organisation to teach people about long-term financial security. In 2008, he indicated that if sufficient people want him to, he would be willing to stand as a candidate for the next election of the President of Singapore. Tan stood in the 2011 Presidential Election and finished in fourth place out of four candidates with 4.91% of votes.
Tan became the general manager of NTUC Income Insurance Co-Operative in 1977, at the age of 29, subsequently re-designated as Chief Executive Officer (CEO) and remained in this position until April 2007. During his leadership the company has grown from having S$28 million in assets in 1977 to more than S$17 billion in assets and over one million policyholders in 2007.
Tan ran NTUC Income with the aim of providing the best value to the policyholders. This meant lower fees for insurance agents, encouragement of direct selling practices which bypassed the agents altogether, and low operating expenses (throughout his 30-year CEO term Tan flew economy class, even on long haul flights). This management style clashed with some of NTUC Income's board members, who preferred the Co-Operative to be run on a more commercial or professional basis, and even advocated it to be privatised. The board asked Tan to step down after completing his 30-year term at the helm.
Tan’s 2007 CV mentions more than 60 directorships and other corporate appointments. Of these, the most notable is the chairmanship of International Co-operative & Mutual Insurance Federation (1992–1997), an international organisation which at that time represented 123 insurance groups in 65 countries, employing 260,000 people. The total assets of the members of this international federation totalled US$1.5 trillion (1997 figure).
Since retiring from NTUC Income in 2007, Tan provides free financial advice and opinions on current affairs through his blog, and establishing Financial Service Consumer Association (FISCA) to teach people about long-term financial security. During the 2008 financial crisis, he organised public rallies for people who lost their money due to investing in Lehman Brothers' Minibond products. The rallies resulted in a petition to Singapore government, signed by 983 investors.
...
Wikipedia