Tharman to Run for Singapore President, Leave Government Posts
- Tharman is first to announce his candidacy for president
- He has posts in Cabinet, central bank, sovereign wealth fund
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Singapore ruling party stalwart Tharman Shanmugaratnam will run for the largely ceremonial role of president after more than two decades as a key policymaker in the city-state.
The former deputy premier informed Prime Minister Lee Hsien Loong on Thursday he will step down from his positions in Cabinet and resign from the ruling People’s Action Party to contend. He will also leave his posts as chairman of the central bank and deputy chairman of sovereign wealth fund GIC Pte among others.