GIC, Singapore’s sovereign wealth fund, has announced key appointments and created new senior investment positions in a bid to boost its investment capacities.
Ang Eng Seng has been tapped to become chief investment officer for infrastructure, while continuing concurrently as president for Europe.
Currently based in London, Ang has been president for Europe and head of the integrated strategies group since April 2013. Having joined GIC in 1994, he was responsible for building GIC’s private equity unit in northeast Asia, and in particular China. He was appointed global head of direct investments and global head of infrastructure in 2009.
Tay Lim Hock remains as president of private equity and infrastructure.
Lim Chow Kiat is to combine the roles of deputy group president and group chief investment officer. Jeffrey Jaesubhakij will be deputy group chief investment officer and president for public markets.
The firm has also appointed chief investment officers for four different asset classes, including Choo Yong Cheen for private equity, Lee Kok Sun for real estate, Liew Tzu Mi for fixed income and Bryan Yeo for public equities.
“The appointment of chief investment officers reflect the maturing of GIC’s investment talent, and strengthening of GIC’s capacity to deal with an investment environment of lower returns, increased volatility, and greater uncertainty,” said Lim Siong Guan, group president of GIC.
The leadership reshuffle will take effect on 1 June.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: