Siew Kai Choy
Director at FDS
Board
About Siew Kai Choy
Independent director of FactSet Research Systems Inc. since 2020; age 60. Former Managing Director at GIC Private Ltd. with leadership across Equities, Risk & Performance Management, Enterprise Data & Analytics, Governance and Innovation Labs; member of GIC’s Corporate Management Committee and Group Risk Committee. Recently a Distinguished Careers Institute Fellow at Stanford; holds a BSc in Computer Science and Management Science (joint honors) and completed Wharton’s Advanced Management Program .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| GIC Private Limited | Managing Director; led Enterprise Data & Analytics, Risk & Performance Management, Equities; Governance; Innovation Labs | 20 years (including leadership from 2015) | Corporate Management Committee; Group Risk Committee; built enterprise AI/Data Science, data governance and architecture capabilities |
| Boutique fund management company | Built all functions from scratch | Not disclosed | Start-up leadership; multi-functional build-out |
| Major Southeast Asian bank | Led change initiatives | Not disclosed | Transformation leadership in one of the largest SE Asian banks |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Stanford University (DCI) | Distinguished Careers Institute Fellow | Recent | Fellowship program participation |
| Various listed and private companies (Banking, Fintech, Regtech, DeepTech; SG, US, UK, EU) | Independent investor/advisor | Ongoing | Advisory/investment roles across sectors/geographies |
No current public company directorships are disclosed in the proxy biography; the Board Skills Matrix indicates public company board experience as a skill area, not necessarily a current board seat .
Board Governance
- Committee memberships: Audit Committee Member; not a chair .
- Independence: Board determined all directors other than the CEO are independent as of October 16, 2025; Choy is independent .
- Attendance/engagement: Board met 6 times in FY2025; Audit Committee met 7 times; no director attended fewer than 75% of aggregate Board and committee meetings in FY2025 .
- Tenure: Director since 2020; nominated for a one‑year term expiring at the 2026 Annual Meeting .
- Relevant Board skills per matrix: Technology/Data/Cybersecurity; Risk Management; Global experience; Client perspective; Business development/Strategy/M&A; Executive leadership & management; Public company boards .
- Governance context: Independent Board Chair; separated Chair/CEO roles; independent committee chairs; majority voting; anti‑hedging/pledging; clawback policy; stock ownership requirements .
Fixed Compensation
Director compensation (non‑employee) for Siew Kai Choy:
| Metric | FY 2024 | FY 2025 |
|---|---|---|
| Fees Earned or Paid in Cash (USD) | $0 | $40,000 |
| Stock Awards (USD, grant‑date fair value) | $105,393 | $125,022 |
| Option Awards (USD, grant‑date fair value) | $105,029 | $75,058 |
| Total (USD) | $210,422 | $240,080 |
Director equity grant details:
| Grant Detail | Jan 16, 2024 | Jan 15, 2025 |
|---|---|---|
| Annual RSUs granted (#) | 164 RSUs (annual grant) | 278 RSUs (annual grant) |
| Annual Options granted (#) | 565 Options (annual grant) | 518 Options (annual grant) |
| Retainer election (additional equity) | Opted for equity retainer: +66 RSUs and +226 Options | Opted for cash retainer: no additional RSUs/options |
| Exercise price (Options) | $462.23 per share | $453.98 per share |
| Vesting | RSUs: 100% at 1 year; Options: 100% at 1 year; option term 7 years | RSUs: 100% at 1 year; Options: 100% at 1 year; option term 7 years |
Performance Compensation
| Item | Details |
|---|---|
| Performance-based components | None disclosed for directors; director equity vests on a time basis (1‑year), not tied to financial/ESG metrics |
Other Directorships & Interlocks
| Category | Disclosure |
|---|---|
| Current public company boards | None disclosed in biography |
| Committee roles at other companies | Not disclosed; advisory/investor roles across sectors/geographies |
| Potential interlocks (competitors/suppliers/customers) | Not disclosed; Audit Committee policy governs review of related person transactions |
Expertise & Qualifications
- Institutional investor perspective; deep client workflow understanding from GIC (across asset classes) .
- Enterprise data, AI/data science capability-building; data governance/architecture leadership .
- Risk management experience; Group Risk Committee participation .
- Global/Asia Pacific insights and broad industry familiarity .
- Board skills include technology/data/cybersecurity and risk management per Board Skills Matrix .
- Education: BSc (Computer Science & Management Science); Wharton AMP .
Equity Ownership
| Item | As of | Amount |
|---|---|---|
| Beneficial ownership (shares) | Oct 1, 2025 | 5,550 shares (<1% of 37,509,725 outstanding) |
| Options exercisable within 60 days | Oct 1, 2025 | 4,825 options |
| RSUs vesting within 60 days | Oct 1, 2025 | 0 RSUs (not listed) |
| RSUs outstanding (not fully vested) | Aug 31, 2025 | 278 RSUs |
| Total options outstanding | Aug 31, 2025 | 5,343 options |
| Director stock ownership guideline | Required minimum $400,000 value; directors must retain 50% of net shares if below target . | |
| Hedging/pledging | Prohibited for directors/officers (short sales, derivatives, margin, pledging) . |
Governance Assessment
- Positive signals:
- Independence and Audit Committee membership; board-wide independence (except CEO) affirmed October 16, 2025 .
- Strong attendance culture; no director below 75% aggregate attendance in FY2025; Audit Committee met 7 times, evidencing active oversight .
- Ownership alignment supported by stock ownership guidelines and anti‑hedging/pledging policy .
- No related‑party transactions with directors/officers in FY2025 under the Company’s review policy .
- Audit Committee oversaw remediation efforts for a disclosed material weakness in IT general controls, reflecting engagement in control environment governance .
- Watch items / potential risk considerations:
- Advisory/investor roles across banking/fintech/regtech/deeptech suggest broad networks; while no conflicts are disclosed, continued monitoring under related‑party policy is prudent .
- Beneficial ownership is <1% of shares; compliance with the $400,000 director ownership guideline is not individually disclosed—monitor progress toward guidelines .
- Compensation mix and trends:
- Shift from equity retainer (FY2024) to cash retainer (FY2025) reduces equity weighting year‑over‑year for Choy; annual equity grants remain standard with 1‑year vesting .