Jump to content

Richard Hu: Difference between revisions

From Wikipedia, the free encyclopedia
Browse history interactively
← Previous editNext edit →
Content deleted Content added
VisualWikitext
No edit summary
No edit summary
Line 1: Line 1:
{{Use dmy dates|date=December 2022}}
{{Use dmy dates|date=December 2022}}
{{Short description|Singaporean politician}}
{{Short description|Singaporean politician (1926–2023)}}
{{Family name hatnote|[[Hu (surname)|Hu]]|lang=Chinese}}
{{Family name hatnote|[[Hu (surname)|Hu]]|lang=Chinese}}
{{Infobox officeholder
{{Infobox officeholder
Line 43: Line 43:
| birth_place = [[Singapore in the Straits Settlements|Singapore]], [[Straits Settlements]], [[British Malaya]]
| birth_place = [[Singapore in the Straits Settlements|Singapore]], [[Straits Settlements]], [[British Malaya]]
| death_date = {{death date and age|2023|09|08|1926|10|30|df=y}}
| death_date = {{death date and age|2023|09|08|1926|10|30|df=y}}
| death_place = [[Singapore]]
| death_place = Singapore
| death_cause =
| death_cause =
| resting_place =
| resting_place =
Line 59: Line 59:
| relatives =
| relatives =
}}
}}

'''Richard Hu Tsu Tau''' ({{lang-zh|s=胡赐道|p=Hú Cìdào}}; 30 October 1926 – 8 September 2023) was a Singaporean politician who served as [[Ministry of Finance (Singapore)|Minister for Finance]] between 1985 and 2001. A member of the governing [[People's Action Party]] (PAP), he was the [[Parliament of Singapore|Member of Parliament]] (MP) for [[Kreta Ayer Single Member Constituency|Kreta Ayer SMC]] between 1984 and 1997 and [[Kreta Ayer–Tanglin GRC]] between 1997 and 2001.
'''Richard Hu Tsu Tau''' ({{lang-zh|s=胡赐道|p=Hú Cìdào}}; 30 October 1926 – 8 September 2023) was a Singaporean politician who served as [[Ministry of Finance (Singapore)|Minister for Finance]] between 1985 and 2001. A member of the governing [[People's Action Party]] (PAP), he was the [[Parliament of Singapore|Member of Parliament]] (MP) for [[Kreta Ayer Single Member Constituency|Kreta Ayer SMC]] between 1984 and 1997 and [[Kreta Ayer–Tanglin GRC]] between 1997 and 2001.


==Early life==
==Early life==
Hu was born in Singapore from Hu Tsai Kuen, a doctor,<ref name=":0">{{Cite web |last=Tay |first=Hwee Peng |last2=Chew |first2=Hui Min |date=4 March 2016 |title=Heng Swee Keat to present Budget 2016: Who were the finance ministers before him? {{!}} The Straits Times |url=https://www.straitstimes.com/singapore/heng-swee-keat-to-present-budget-2016-who-were-the-finance-ministers-before-him |access-date=8 December 2022 |website=www.straitstimes.com |language=en}}</ref> and Margaret Kwan Fu Shing. He was educated at the [[Anglo-Chinese School]] before graduating from the [[University of California, Berkeley]] in 1952 with a [[Bachelor of Science]] degree in [[chemistry]]. He subsequently went on to complete a [[PhD]] in [[chemical engineering]] at the [[University of Birmingham]].<ref>{{cite web|url=http://www.straitstimes.com/the-big-story/budget-2015/story/50-years-the-budget-singapores-finance-ministers-independence-201502|title=Heng Swee Keat to present Budget 2016: Who were the finance ministers before him?|website=Straitstimes.com|date=4 March 2016|access-date=26 September 2017}}</ref>
Richard Hu Tsu Tau was born in Singapore to Hu Tsai Kuen, a doctor,<ref name=":0">{{Cite web |last=Tay |first=Hwee Peng |last2=Chew |first2=Hui Min |date=4 March 2016 |title=Heng Swee Keat to present Budget 2016: Who were the finance ministers before him? {{!}} The Straits Times |url=https://www.straitstimes.com/singapore/heng-swee-keat-to-present-budget-2016-who-were-the-finance-ministers-before-him |access-date=8 December 2022 |website=www.straitstimes.com |language=en}}</ref> and Margaret Kwan Fu Shing. He was educated at the [[Anglo-Chinese School]] before graduating from the [[University of California, Berkeley]] in 1952 with a [[Bachelor of Science]] degree in [[chemistry]]. He subsequently went on to complete a [[PhD]] in [[chemical engineering]] at the [[University of Birmingham]].<ref>{{cite web|url=http://www.straitstimes.com/the-big-story/budget-2015/story/50-years-the-budget-singapores-finance-ministers-independence-201502|title=Heng Swee Keat to present Budget 2016: Who were the finance ministers before him?|website=Straitstimes.com|date=4 March 2016|access-date=26 September 2017}}</ref>


==Career==
==Career==
Line 77: Line 78:
In 2013, Hu was appointed as senior advisor of the [[Fraser and Neave]] board.<ref>{{cite news|title=F&N: Appoints Dr. Richard Hu As Senior Adviser To The Board.|url=http://www.btinvest.com.sg/markets/news/60032.html?source=si_news|access-date=5 December 2015|agency=Business Times|publisher=Singapore Press Holdings Ltd.|date=3 April 2013}}</ref>
In 2013, Hu was appointed as senior advisor of the [[Fraser and Neave]] board.<ref>{{cite news|title=F&N: Appoints Dr. Richard Hu As Senior Adviser To The Board.|url=http://www.btinvest.com.sg/markets/news/60032.html?source=si_news|access-date=5 December 2015|agency=Business Times|publisher=Singapore Press Holdings Ltd.|date=3 April 2013}}</ref>


==Personal life==
==Personal life and death==
Hu was married to Irene Tan Dee Leng.<ref>{{Cite book |url=https://www.worldcat.org/oclc/62782476 |title=Who's who in Singapore, 2006 |date=2006 |publisher=Who's Who Pub |others=Kar Tiang Low, Who's Who Publishing |isbn=981-4062-02-2 |edition=3rd |location=Singapore |pages=193 |oclc=62782476}}</ref> They had two children.<ref>{{Cite web |last=Migration |date=13 January 1985 |title=From the archives: Money man with a soft touch {{!}} The Straits Times |url=https://www.straitstimes.com/singapore/from-the-archives-money-man-with-a-soft-touch |access-date=8 December 2022 |website=www.straitstimes.com |language=en}}</ref> He was of [[Hakka people|Hakka]] Chinese ancestry.
Hu was married to Irene Tan Dee Leng.<ref>{{Cite book |url=https://www.worldcat.org/oclc/62782476 |title=Who's who in Singapore, 2006 |date=2006 |publisher=Who's Who Pub |others=Kar Tiang Low, Who's Who Publishing |isbn=981-4062-02-2 |edition=3rd |location=Singapore |pages=193 |oclc=62782476}}</ref> They had two children.<ref>{{Cite web |last=Migration |date=13 January 1985 |title=From the archives: Money man with a soft touch {{!}} The Straits Times |url=https://www.straitstimes.com/singapore/from-the-archives-money-man-with-a-soft-touch |access-date=8 December 2022 |website=www.straitstimes.com |language=en}}</ref> He was of [[Hakka people|Hakka]] Chinese ancestry.


Hu died on 8 September 2023, he was aged 96.<ref>{{cite news |last1=Tan |first1=Felicia |title=Former finance minister Richard Hu dies at 96 |url=https://www.theedgesingapore.com/news/singapore/former-finance-minister-richard-hu-dies-96 |access-date=8 September 2023}}</ref>
Richard Hu died on 8 September 2023, at the age of 96.<ref>{{cite news |last1=Tan |first1=Felicia |title=Former finance minister Richard Hu dies at 96 |url=https://www.theedgesingapore.com/news/singapore/former-finance-minister-richard-hu-dies-96 |access-date=8 September 2023}}</ref>


==References==
==References==
Line 108: Line 109:


{{DEFAULTSORT:Hu, Richard}}
{{DEFAULTSORT:Hu, Richard}}
⚫
[[Category:1926 births]]
⚫
[[Category:2023 deaths]]
[[Category:Members of the Cabinet of Singapore]]
[[Category:Members of the Cabinet of Singapore]]
[[Category:Members of the Parliament of Singapore]]
[[Category:Members of the Parliament of Singapore]]
Line 117: Line 120:
[[Category:Singaporean politicians of Chinese descent]]
[[Category:Singaporean politicians of Chinese descent]]
[[Category:Anglo-Chinese School alumni]]
[[Category:Anglo-Chinese School alumni]]
⚫
[[Category:1926 births]]
⚫
[[Category:2023 deaths]]
[[Category:Alumni of the University of Birmingham]]
[[Category:Alumni of the University of Birmingham]]
[[Category:Ministers for Health of Singapore]]
[[Category:Ministers for Health of Singapore]]

Revision as of 14:54, 8 September 2023

In this Chinese name, the family name is Hu.
Richard Hu
胡赐道
Minister for Finance
In office
2 January 1985 – 10 November 2001
Prime MinisterLee Kuan Yew
Goh Chok Tong
Preceded byTony Tan
Succeeded byLee Hsien Loong
Chairman of the Monetary Authority of Singapore
In office
January 1985 – December 1997
Prime MinisterLee Kuan Yew
Goh Chok Tong
Preceded byGoh Keng Swee
Succeeded byLee Hsien Loong
Minister for Health
In office
1985–1987
Prime MinisterLee Kuan Yew
Preceded byTony Tan
Succeeded byYeo Cheow Tong
Member of the Singapore Parliament
for Kreta Ayer–Tanglin GRC
(Kreta Ayer)
In office
2 January 1997 – 18 October 2001
Preceded byHimself (Kreta Ayer SMC)
Succeeded byConstituency abolished
Member of the Singapore Parliament
for Kreta Ayer SMC
In office
22 December 1984 – 16 December 1996
Preceded byGoh Keng Swee
Succeeded byHimself (Kreta Ayer–Tanglin GRC - Kreta Ayer)
Personal details
Born
Richard Hu Tsu Tau

(1926-10-30)30 October 1926
Singapore, Straits Settlements, British Malaya
Died8 September 2023(2023-09-08) (aged 96)
Singapore
SpouseIrene Tan Dee Leng
Children2
ParentHu Tsai Kuen (father)
Alma materUniversity of California, Berkeley (BS)
University of Birmingham (PhD)

Richard Hu Tsu Tau (Chinese: 胡赐道; pinyin: Hú Cìdào; 30 October 1926 – 8 September 2023) was a Singaporean politician who served as Minister for Finance between 1985 and 2001. A member of the governing People's Action Party (PAP), he was the Member of Parliament (MP) for Kreta Ayer SMC between 1984 and 1997 and Kreta Ayer–Tanglin GRC between 1997 and 2001.

Early life

Richard Hu Tsu Tau was born in Singapore to Hu Tsai Kuen, a doctor,[1] and Margaret Kwan Fu Shing. He was educated at the Anglo-Chinese School before graduating from the University of California, Berkeley in 1952 with a Bachelor of Science degree in chemistry. He subsequently went on to complete a PhD in chemical engineering at the University of Birmingham.[2]

Career

Hu joined the Royal Dutch Shell Group of Companies in 1960 and rose to the position of Chairman and Chief Executive of this global company in Singapore between 1977 and 1983.[3]

In 1983, Hu became the Managing Director of the Monetary Authority of Singapore (MAS) and the Government of Singapore Investment Corporation (GIC), holding both posts concurrently until 1984. He was chairman of Monetary Authority of Singapore from 1985 to 1997.[4]

Hu contested as a People's Action Party candidate in the Kreta Ayer Single Member Constituency[5] in 1984 General Elections and won the election. Following the elections, he became the Minister for Health for two years from 1985 to 1987 and the Minister for Finance[6] for 16 years from 1985 to 2001.[7] He had also briefly served as Minister for National Development from 1992 till 1993.[1] As the Minister for Finance, Hu is perhaps best known by his signature on the 'Ship' series of legal tender notes issued after his appointment.[8] He also introduced the Goods and Services Tax in 1993. As part of deregulation and reform of its financial and banking sectors, Hu oversaw the privatization of the government-run Post Office Savings Bank (POSB) and the sale of POSB to the Development Bank of Singapore (DBS) in 1998.[9]

On 13 April 2004, Hu joined the Board of Singaporean property development company CapitaLand and was elected Chairman the same day, until his retirement in 2012.[10] He was also the Chairman of GIC Real Estate Pte Ltd[11] and Asia Financial Holdings Pte Ltd, as well as a Director of the Government of Singapore Investment Corporation (GIC)[12] and a Director of Buildfolio.Com.Inc. Hu also served as the Chancellor of the Singapore Management University from July 2002 to August 2010.[13]

Hu retired from GIC in 2012.[14]

In 2013, Hu was appointed as senior advisor of the Fraser and Neave board.[15]

Personal life and death

Hu was married to Irene Tan Dee Leng.[16] They had two children.[17] He was of Hakka Chinese ancestry.

Richard Hu died on 8 September 2023, at the age of 96.[18]

References

  1. ^ a b Tay, Hwee Peng; Chew, Hui Min (4 March 2016). "Heng Swee Keat to present Budget 2016: Who were the finance ministers before him? | The Straits Times". www.straitstimes.com. Retrieved 8 December 2022.
  2. ^ "Heng Swee Keat to present Budget 2016: Who were the finance ministers before him?". Straitstimes.com. 4 March 2016. Retrieved 26 September 2017.
  3. ^ "Management Team | Barghest Building Performance". Archived from the original on 26 April 2014. Retrieved 5 December 2015.
  4. ^ "Our History". Mas.gov.sg.
  5. ^ "Official Reports". Parliament of Singapore. Archived from the original on 4 March 2016. Retrieved 5 December 2015.
  6. ^ Tesoro, Jose Manuel. "SINGAPORE Keeping Up the Pace". Asiaweek. Retrieved 5 December 2015.
  7. ^ "Finance Minister Bios". Mof.gov. Retrieved 18 July 2022.
  8. ^ "Note Facts". The Singapore Mint. The Singapore Mint. Archived from the original on 8 December 2015. Retrieved 5 December 2015.
  9. ^ "National Archives of Singapore". Nas.gov.sg. Retrieved 5 December 2015.
  10. ^ "CapitaLand chairman Richard Hu to step down". Btinvest.com.sg. Retrieved 10 June 2015.
  11. ^ "Richard Hu Tsu Tau Ph.D." Bloomberg News. Retrieved 5 December 2015.
  12. ^ Lee, Meixian. "Richard Hu to retire from GIC board". Forums.condosingapore.com. Retrieved 5 December 2015.
  13. ^ "31 August 2010". Smu.edu.sg. Archived from the original on 6 September 2010. Retrieved 20 November 2012.
  14. ^ Lee, Meixian (2 November 2012). "Richard Hu to retire from GIC board". The Straits Times. p. 22.
  15. ^ "F&N: Appoints Dr. Richard Hu As Senior Adviser To The Board". Singapore Press Holdings Ltd. Business Times. 3 April 2013. Retrieved 5 December 2015.
  16. ^ Who's who in Singapore, 2006. Kar Tiang Low, Who's Who Publishing (3rd ed.). Singapore: Who's Who Pub. 2006. p. 193. ISBN 981-4062-02-2. OCLC 62782476.{{cite book}}: CS1 maint: others (link)
  17. ^ Migration (13 January 1985). "From the archives: Money man with a soft touch | The Straits Times". www.straitstimes.com. Retrieved 8 December 2022.
  18. ^ Tan, Felicia. "Former finance minister Richard Hu dies at 96". Retrieved 8 September 2023.
Political offices
Preceded by Minister for Finance
1985–2001 		Succeeded by
Preceded by Minister for Health
1985–1987 		Succeeded by
Preceded by Minister for National Development
1 Sep 1992-1993 		Succeeded by
Retrieved from "https://en.wikipedia.org/w/index.php?title=Richard_Hu&oldid=1174452959"