Founder of the Tecity Group and The Tan Chin Tuan Foundation in Singapore; Singapore's first and only Deputy President of the Legislative Council; Chairman and subsequently Honorary Life President of several blue-chip companies including OCBC Bank; a man widely credited with nurturing OCBC Bank into one of the world's soundest banks in the 1980s.
Tecity Group Founder
Tan Sri (Dr) Tan Chin Tuan
Lee Su Yin. Rock Solid – The Corporate Career of Tan Chin Tuan
Grace Loh, Goh Chor Boon and Tan Teng Lang. Building Bridges Carving Niches – An Enduring Legacy: Marshall Cavendish Academic, 2005
Mike Macbeth. Quiet Achiever – The Life and Times of Tan Sri Dr. Tan Chin Tuan: Times Edition, 2003
An Opportune Moment
Tan Sri recognised the British’s departure after the Second World War as an extraordinary opportunity to secure viable businesses at attractive prices.
Tan Sri did this by accumulating shares of British-owned companies that were financially sound, held intrinsic value and had growth potential. Some of these companies included Raffles Hotel, Great Eastern Life Assurance Company Ltd, Fraser and Neave Ltd, Malayan Breweries Ltd, Robinson & Company Ltd, Wearne Brothers Ltd. and Straits Trading Company Limited. These companies later formed the cornerstone of The Tecity Group family office’s portfolio.
A New Identity
The corporatisation and institutionalisation of the group of companies led to the emergence of the identity, ‘The Tecity Group of Companies’.
The rebuilding of Tan Chin Tuan Mansion was also completed in the same year. The Conservation House, which is part of the Tan Chin Tuan Mansion, is used as a hub for business and social events for Tan Chin Tuan Foundation and Tecity Group.