Singapore sovereign wealth fund GIC has announced a series of changes to its senior management team.
GIC has appointed deputy chief operating officer (COO) Sam Kim as COO and member of the Group Executive Committee (GEC), according to a statement. GEC is the highest management body of the Singapore sovereign wealth fund which reviews and approves key investment issues, organizational and personnel matters.
Bryan Yeo, chief investment officer (CIO) for public equites, has been named deputy group CIO and will also oversee the Integrated Strategies Group (ISG) as director.
Asset Class Chiefs
Current head of Asia Pacific equities Mark Ong will succeed Yeo as CIO for public equities. Deputy CIO for real estate Goh Chin Kiong has been appointed CIO for real estate, succeeding Lee Kok Sun who will retire from GIC. Boon Chin Hau has been named deputy CIO for infrastructure.
Tay Lim Hock will step down as deputy group CIO and COO while Lim Kee Chong will step down as deputy group CIO and director of ISG. They will both remain as members of the GEC as well as the Global Leadership Group and continue to be involved in the review of investments and other enterprise-level initiatives.
All the appointments come into effect on April 1.
43-Year History
Established in 1981, GIC is one of the three investment entities in Singapore that manage the city-state's reserves, alongside the Monetary Authority of Singapore and Temasek. At the end of 2023, GIC had an estimated $769 billion in assets under management.
