Singaporean sovereign wealth fund GIC has introduced updates to its senior administration staff, efficient from 1 April 2024, signaling a shift in management roles throughout the firm.
Sam Kim, the present Deputy Chief Working Officer (COO), has been promoted to COO and also will be a part of the Group Government Committee (GEC), GIC’s high administration entity accountable for main choices concerning investments in addition to organisational and personnel issues.
Bryan Yeo, the current Chief Funding Officer (CIO) for Public Equities, will tackle the position of Deputy Group CIO and can turn out to be the Director of GIC’s Built-in Methods Group (ISG).
In the meantime, Mark Ong, who at present serves as Head of Asia Pacific Equities, will exchange Yeo because the CIO for Public Equities.
Goh Chin Kiong, now the Deputy CIO for Actual Property, will ascend to the place of CIO for Actual Property, following the retirement of Lee Kok Solar from GIC.
Boon Chin Hau has been named Deputy CIO for Infrastructure, marking one other addition to the management changes.
Tay Lim Hock and Lim Kee Chong will resign from their roles as Deputy Group CIO and COO, and Deputy Group CIO and Director of ISG, respectively.
Nonetheless, each will proceed to be a part of the GEC and the World Management Group, contributing to funding opinions and different different enterprise-level initiatives.
Lim Chow Kiat
Lim Chow Kiat, Chief Government Officer of GIC stated,
“I want to specific my gratitude to Mr Lee, for his dedication to GIC over the past 27 years together with his time as CIO for Actual Property. Our actual property portfolio is the worldwide trade chief that it’s at present due to Mr Lee’s imaginative and prescient, tenacity and dedication. We want Mr Lee all the most effective in his retirement.
It’s our privilege that each Mr Tay and Mr Lim will proceed to contribute their experience as members of our numerous management teams. With this refreshed management bench, I’m assured that we will proceed to pursue excellence in our working and funding capabilities, and navigate the funding surroundings.”
