Singapore sovereign wealth fund GIC has announced changes to its senior management team, which will come into effect on April 1.
Sam Kim, currently deputy chief operating officer (COO), will be appointed COO and join the group executive committee (GEC). The GEC is the highest management body in GIC. The committee reviews and approves key investment issues, organizational and personnel matters.
Bryan Yeo, currently chief investment officer (CIO) for public equities, will be appointed deputy group CIO. He will also oversee GIC’s integrated strategies group (ISG) as director.
Mark Ong, currently head of Asia-Pacific equities, will take over from Yeo as CIO for public equities.
Goh Chin Kiong, currently deputy CIO for real estate, will be appointed CIO for real estate. He takes over from Lee Kok Sun who will be retiring from GIC.
Boon Chin Hau will be appointed deputy CIO for infrastructure.
Tay Lim Hock will step down as deputy group CIO and COO. Lim Kee Chong will step down as deputy group CIO and director of ISG. Both Tay and Lim will remain members of the GEC and the global leadership group, and will continue to be involved in the review of investments and other enterprise-level initiatives.
Lim Chow Kiat, CEO of GIC, says: “With this refreshed leadership bench, I am confident that we can continue to pursue excellence in our operating and investment capabilities, and navigate the investment environment.”